Buy to let property investors who want the peace of mind of a ten-year fixed rate mortgage can bring amid fears over the economy and Brexit uncertainty now have several options.
Virgin Money have launched a fresh selection of ten-year fixed rate buy to let mortgages with rates starting from 2.46 per cent up to 60 per cent loan to value (LTV) with a £1,995 fee and 3.99 per cent up to 75 per cent LTV with no product fee. Virgin are the only lender currently offering up to 75% LTV on a fix of this term.
Meanwhile, Leeds Building Society has also launched a range of ten-year fixed rate buy to let products.
Products start from 2.49 per cent up to 60 per cent LTV and 3.29 per cent up to 70 per cent LTV. Both products have a £999 product fee and come with a free standard valuation and fees assisted legal services.
The Mortgage Works also has 10 year fixed products (rates from 2.74%) but with a maximum of 65% LTV. However one of their products, whilst at a fixed interest rate of 3.24% for 10 years, has no early repayment charges after 5 years. TMW’s 10 year fixes have £1,995 product fee and offer free standard valuations and cashback.
Virgin Money is also offering a new seven-year fix rate deal from 2.36 per cent at 60 per cent LTV with a £1,995 product fee, as well as a 3.24 per cent seven year fix at up to 75 per cent LTV with a £995 fee.