New loans from ludlowthompson mortgages
- 25th January 2012
- Our News
Greater competition means free valuations, zero legal fees and no early repayment charges or completion fees.
Landlords benefited from an increase in the number of buy-to-let mortgages in 2011, resulting in more competition, wider choice and better deals for investors.
ludlowthompson mortgages, is providing a growing number of mortgage products with incentives such as free valuations, free legal fees, no early repayment charges or no completion fee.
These are being offered by many of the regional building societies such as Leeds, Hinckley & Rugby and Saffron offering attractive rates.
There are also positive signs from the re-mortgage market that more products are available for those landlords looking to release equity and expand their portfolios.
Stephen Ludlow, Chairman of Ludlow Thompson, comments: “As UK banks react to the Eurozone crisis, it is likely that the uplift in buy-to-let business next year will be driven by existing specialist lenders and regional building societies who have demonstrated a healthy appetite to lend to landlords.”
“The Eurozone crisis has added extra pressure to the fragile financial markets and will be a key factor in mortgage lending in the year ahead.
“However, there could be other developments and markets can react quickly. For example, Abbey re-entered the buy-to-let market in December 2011 with a limited range of products. This could be an indicator of its desire to be a serious player in the UK mortgage market in 2012.”
Here are some of our most popular buy-to-let products from ludlowthompson mortgages in December:
- 3.74% 2 year discount with Hinckley and Rugby Building Society up to 75% LTV with £1999 completion fee and no early repayment charges
- 4.99% 2 year discount with Saffron Building Society up to 80% LTV with £2995 completion fee
- 4.19% 2 year fixed rate with Kent Reliance up to 75% LTV with 3.00% completion fee
The Eurozone crisis will be a key factor in mortgage lending in the year ahead.
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