Finance News

New Buy-to-Let Mortgage Deals from Abbey

Em Morley - January 16, 2012
New Buy-to-Let Mortgage Deals from Abbey

New Buy-to-Let Mortgage Deals from Abbe

Banking group Abbey has launched a series of new buy-to-let mortgage deals that are sure to be welcomed by the sector.

New products from Abbey, division of Santander, include a two-year fixed mortgage rate of 3.39%, with just a 2.5% fee. This deal will be available up to 60% loan-to-value (LTV).[1]

Additional deals include a two-year tracker with a rate of 2.99% or 3.5%, again with a 2.5% fee and up to 60% LTV, open to both purchasers and remortgagers. Another deal sees a two-year with a rate of 4.09% and £1,495 fee, available this time to 75% LTV.[1]

A number of rate reductions include shaving 0.20% off two-year fixed rates at 60% LTV.[1]

Homebuyer Solution

All of Abbey’s purchase products come with the Homebuyer Solution for purchase customers. This enables lenders to have the added benefits of a free mortgage valuation and £250 cashback on completion.

Managing Director of Abbey for Intermediaries, stated: “We continue to see strong rental demand in today’s housing market and we expect these intermediary exclusives to be very well received by intermediaries and their clients alike.”[1]

[1] http://www.landlordexpert.co.uk/2012/01/16/new-buy-to-let-mortgage-deals-and-slashed-rates-offered-by-abbey/