For those with Buy to Let mortgages, void periods can lead to repayment difficulties. This is when a flexible mortgage allowing underpayments is essential.
Despite speculation that the Buy to Let market is declining, investment in Buy to Let has continued to grow. The market has remained buoyant over the last twelve months and the CML data shows that the demand for Buy to Let mortgages is continuing.
Buy to Let with offset is especially useful for landlords. For example, when the property has tenants, the landlord will be able to make regular overpayments into the mortgage. These remain available and may be used for void periods – with no tenants to take payment holidays, or borrowed back, perhaps when the property needs repairs. Landlords can offset their savings against their mortgage, tax efficiently. Bristol & West Mortgages key Buy to Let offerings are:
- Up to 10 properties
- Up to 85% LTV
- Simple criteria
- Surety of decision
- Highly competitive rates
Other offset mortgages available include:
- Self Cert up to 90% LTV
- A capped mortgage at BBR +0.89%, capped at 5.99% up to 90% LTV
- Base rate tracker at BBR +0.69% up to 95% LTV
Dominic Toller, Head of Marketing for Bristol & West Mortgages said, “The future for Buy to Let looks promising and people continue to be attracted to the market. Bristol & West Mortgages recognises the need for mortgages to be flexible and this is especially important for Buy to Let. Our Buy to Let option with offset may be just what your clients need.”
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
