BTL mortgage - have you seen the costs !!!!!!!!

[Busa_Rush]

Strewth . . . 5% and they want 2.5% or more of the advance too . . . greedy fu%^£rs. It's been a year or so since I last looked at rates and it wasn't like this then.

Can anybody recommend a lender who is still wearing their sensible hat for a BTL mortgage to somebody who has good credit history ?

[Soovy]

Busa_Rush said:

Strewth . . . 5% and they want 2.5% or more of the advance too . . . greedy fu%^£rs. It's been a year or so since I last looked at rates and it wasn't like this then.

Can anybody recommend a lender who is still wearing their sensible hat for a BTL mortgage to somebody who has good credit history ?

Where have you been for the last year?!

[scotal]

Busa_Rush said:

Strewth . . . 5% and they want 2.5% or more of the advance too . . . greedy fu%^£rs. It's been a year or so since I last looked at rates and it wasn't like this then.

Can anybody recommend a lender who is still wearing their sensible hat for a BTL mortgage to somebody who has good credit history ?

Only 2.5% alot of them want 3 or 3,5%.

YHM.

[Biggles111]

As a ballpark figure I've just had an offer of LIBOR+2.75%, 2% fees, on a new 70% LTV loan. Property is multiple units, so a commercial mortgage rather than specific BTL. Sounds competitive, but they are insisting on 100% repayment basis over 20 years. My reason for doing it was to generate income, so am still looking.

[TomBoo]

If you want to pay low fees we can currently source BTL mortgages lifetime variable @4.75% with no tie ins, with lender arrangement fee of £800...

We are Independent and Whole of market.

Send me a PM if you need advice and I'll email our details to you.

Tom