10 Feb

Deals for landlords buying houses for sale in 2011

Deals for landlords buying houses for sale in 2011

Landlords buying houses for sale in the UK to let to tenants could benefit from a range of new mortgages.

The National Landlords Association (NLA) has introduced new home loan deals offering fixed and variable interest rates, tailored for landlords buying houses for sale in the 2011.

Property investors looking to increase their portfolios or raise capital through buy to let property could find competitive rates with the NLA.

Variable rates start from 4.49 per cent, with up to 75 per cent loan-to-value, and fixed rate deals start from 5.79 per cent.

Both types of home loan offer free valuation, legal services and there is no completion fee applicable.

For buy to let investors concerned about a potential rise in interest rates, mortgage rates can be fixed at 5.59 per cent for four years, with up to 70 per cent loan-to-value.

A recent index from the NLA has revealed the landlord optimism is the strongest it has been in three years.

This is encouraging for potential landlords considering investing in buy to let properties.ADNFCR-1222-ID-800398259-ADNFCR

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