Rate cuts, cashback and zero fees for buy-to-let landlords 

 

Buy to let mortgage deals hit an all-time high in March 2019, giving landlords more choice than ever. One month on and buy-to-let mortgage costs remaining stable, lenders are offering alternative incentives alongside rate cuts, as they compete for borrowers.

TSB cashback, free legal fees and reduced rates

Rate cuts and a suite of new buy-to-let deals have been announced by TSB, which according to Head of Mortgages Nick Smith, ‘is committed to helping customers to borrow well’. The lender has reduced rates by up to 0.10% on select deals with immediate effect and introduced a range of new landlord remortgage loans with £300 cashback or free legal fees on offer.

Kensington cut rates and introduce cashback

Kensington has applied a 0.4% rate reduction across its range of buy to let deals for HMOs and multi-purpose blocks. Rates start at 2.54% for a two-year fix rate, and 3.64% for a five-year fixed rate at 70% loan to value (LTV).  Buy-to-let deals, including limited company mortgages, also benefit from £250 cashback and free valuation.  Craig McKinlay, new business director said the lender was ‘keen to empower landlords’ by increasing the number of options open to them.

Roma Finance mortgage enables early exit from bridging loan for existing customers

Roma’s new medium-term mortgage means existing customers with a bridging loan can exit their loan once their property project is completed, without the need for the property to be fully let,  allowing borrowers to move on to their next project sooner. The five-year BTL mortgage is available as repayment or interest only on 75% LTV for a maximum of £500,000, but currently only available to existing customers as Roma assess demand.

Buy-to-let landlords are certainly facing some challenges, but positive support from lenders could make a significant difference to investors keen to stay in the market.

 

Highgrove Mews

High Net Yield Freehold Houses

  • Commutable to London (27 mins to central Paddington station)
  • Rental demand extremely strong with large industry presence in Reading
  • Freehold with 4% net yield

£284,955 - £457,000

St Petersgate – Stockport Manchester

New Launch - Stockport Manchester, apartments from £160,000

  • Discounted launch prices from £160,000
  • Excellent transport links with 3 trains per hour to London Euston and only 9 mins journey to Manchester Piccadilly
  • Experienced development team

Assured Rent Housing Association Leases

Assured Rent Housing Association Leases

  • Assured rent & no rental voids
  • Tenant damage cover & newly refurbished inline with requirements of a corporate sitting tenant
  • Free property and lettings management

From £62,000

Emerging Birmingham Commuter Town With Properties From Just £104,000

The emerging Birmingham commuter town where properties are selling in an average of just 24 days

  • A collection of 62 two bedroom apartments and 28 one bedroom apartments.
  • DE14 is one of the fastest selling postcodes in the West Midlands.
  • 23 minute train journey into Birmingham New Street Station.

Properties from £104,000

Mill, Stockport

The Northwest's emerging property hotspot

  • Discounted off-plan 2-bed prices from £162,000
  • Completion date - Q4 2021
  • Rental yields - 6% plus

Discounted off-plan 2-bed prices from £162,000

South Central – Birmingham City Centre Apartments

Highly anticipated 28 storey launch in Birmingham City Centre with an impressive roof garden and communal facilities.

  • 154 units across 28 storeys
  • Residential multi-media community room, gym, roof garden and sky cinema
  • Excellent future connectivity via the metro system to other key transport hubs and locations around the city

from £205,800

ba-

Talk to us

Speak to our UK property experts today: 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

+852 9865 4446

Open from 9am-6pm HKT

Stamp Duty Calculator

.

Unlock members only investment opportunities and full development details. Join now – it’s free, quick and easy.

Login

Not a member? Sign up for free

Private Landlords turn to Agencies to Retain Profit

Rate cuts, cashback and zero fees for buy-to-let landlords 

Example

By submitting your details via this online form you agree to be contacted via email/phone/SMS by Direct Marketplace Ltd t/a BuyAssociation in relation to property investment and property developments . We do not share your personal details with third parties.  To view our full Privacy Policy click here.