The new mortgage has no early repayment charges and is available up to 75% LTV.
Rising property prices, a volatile stock market and low interest rates have led to something of a mini boom in Buy to Let in the UK, over the last few years. In 2003, the demand for Buy to Let was higher than ever, with the number of specialist landlord mortgages rising by 40% over the year, according to the Council of Mortgage Lenders.
Despite continued speculation, the market remains strong and demand for renting looks set to continue. Existing landlords are also feeling confident. A survey published by the Homebuyer Show (which takes place at the ExCel Centre in London this month) revealed the confidence existing landlords continue to have for the Buy to Let market.
Increasing numbers of structured products are specifically designed to meet the needs of prospective landlords. Bristol & West Mortgages is delighted to offer this mortgage at such a competitive rate, in line with the continued demand for Buy to Let.
Bob Stanworth, Senior Product Manager at Bristol & West Mortgages said, “This is a very competitive product that meets the needs of landlords looking for a good value long term tracker rate.”
Brokers interested in finding out more about Bristol & West’s new range of mortgage offers should call Bristol & West on 0117 943 7755. Information can also be found on the website at:
www.bristolandwest4brokers.co.uk
