Limited Company buy-to-Let mortgage choices are growing

Competition has intensified in the Limited Company (LC) buy-to-let mortgage market as providers see this as an area of growth for 2017 and beyond. More products as well as cheaper charges and fees are now common place and this has to be good news for the landlord.

The choice now of (LC) buy-to-let mortgage products is at the highest it has ever been since records started. We are also finding new lenders are joining this growing market every day.

The lowest interest rate mortgages and lowest fees are reserved for low loan to value ratios. So the larger the deposit the better the deal, but there are still some very good deals available for the clients with smaller deposits.

Fixing the rate now could be cheaper than betting against rate rises?

Fixed rate mortgages are now proving to be very popular with landlords as they look to fix ongoing expenses. Low loan-to-value mortgages are now proving better value than their tracker equivalents at 2, 3 and 5 year periods so check out the deals on offer.

Even for fixed rate higher loan-to-value mortgages, the current cost of borrowing is only marginally higher than tracker products. Fixed rate plans are without doubt becoming more popular especially with the investor with multiple properties.

A recent survey of landlords showed they are looking to the long term and wanting to know the outgoings will be fixed, thus giving stability.

Due to the vast range of products available it is important to get professional advice, so please do contact us and we will be pleased to help.