A Great Time To Review Your Buy to Let Mortgage.
There’s been some fantastic Buy to Let mortgage deals released at the start of April. If you’re a Buy to Let landlord, now is a great time to review if you can switch your mortgage for a better rate. See example below:
Property Value: £140,000
Outstanding Buy to Let Mortgage: £97,000 with Birmingham Midshires on standard variable of 5.09%
Current Monthly Mortgage Payment: £411PCM (Interest Only)
This can be switched to a new mortgage deal with:
- No lender booking fee
- Free mortgage valuation
- Free basic legal costs covered
For a new rate of 2.24%, with a monthly cost of £181PCM (Interest Only), saving £230pcm.
Please get in touch if you would like to book a no obligation mortgage advice review with a whole of market mortgage advisor via t. 01603 278278 or via e. info@broadlandconsultants.com
If you are based in Norwich or Norfolk, our Independent Mortgage Brokers can also typically offer a face to face mortgage advice service.
* Mortgage rates subject to status, and products are subject to change. You must maintain payments on debt secured against property or your property could be repossessed. Broadland Consultants Limited is authorised and regulated by the Financial Conduct Authority. FCA No. 958621. Please note: the FCA does not regulate in relation to the sale and purchase of investment property.
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