Mortgage Express has launched a range of deals on its buy-to-let (BTL) non-status product.
The product is available to overseas investors looking to buy property in the UK. The deals include a three-year discount at 1.01 per cent, giving a pay rate of 5.99 per cent, a three-year fixed rate at 5.85 per cent and a five-year fixed rate at 5.99 per cent. Maximum LTV stands at 70 per cent.
Advantage hits the road
Advantage Home Loans has announced a number of roadshows to highlight the opportunities within the non- conforming market for brokers. Starting on 3 August in Brentwood, the eight-stop tour ends in Leicester on the 6 September.
Peter Bass, head of sales at Advantage, commented: “We hope the morning will provide brokers with the tools to add real value to their business.”
Derbyshire relaunches core BTL range
Derbyshire Building Society is to relaunch its core buy-to-let mortgage range which will include rate reductions.
The relaunch includes a three-year fixed rate buy-to-let (BTL) deal with interest fixed at 4.99 per cent until 30 September 2008. A second three-year BTL mortgage has interest fixed at 5.09 per cent until 30 September 2008 while its five-year equivalent fixes interest at 5.19 per cent until 30 September 2010.
Mortgage and ID fraud link
Mortgage fraud is becoming increasingly common as part of ID fraud, a Credit Industry Fraud Avoidance Service (CIFAS) study has warned.
In Stirling and Perthshire two cases of identity fraud were identified by the same lender and took place despite FSA rules being in place to try and prevent this practice. In one incident a couple took the identities of an elderly deceased couple to obtain a mortgage worth £200,000.
igroup revamps first charge mortgage deals
igroup has launched a refreshed first charge mortgage range. Fixed rates are to be improved with a start rate of 5 per cent. Rates also start at 5 per cent on its discount range. In addition the lender has announced that tracker reductions will take place in over 40 per cent of its rates.
Accord added to BuildLoan panel
Buildstore has expanded its lender panel for BuildLoan to include Accord Mortgages. The mortgage to be launched is a three-year discounted product with an initial pay rate of 4.74 per cent. The key benefits include an offset facility for self-builders. Accord said the flexibility of the deal will provide a positive cashflow during the build while minimising the interest paid.
