26 Apr

Buy-to-let investors offered new mortgages

Buy-to-let investors offered new mortgages

Investors in buy-to-let properties are being offered a new deal on home loans.

Godiva Mortgages has cut the rate it charges on its two-year, fixed-rate deals from 4.74 per cent to 4.59 per cent.

The move was engineered as part of the firm's range of landlord options, which also include a 3.35 per cent two-year base rate tracker.

Managing director of the business Colin Franklin said: "We are very confident that introducers will find a buy-to-let product in our range to meet the needs of their clients."

He added that Godiva's tracker products have been popular and he is confident that the new offering will be a "welcome addition" to its range.

Recently, unbiased.co.uk released its latest Advice Drivers report, which revealed that many of those seeking mortgage advice last month were first-time buyers.

Indeed, such people made up 40 per cent of all enquiries concerning home loans over the 31-day period, it claimed.

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