80% Loan to Value Mortgages – Boosts Buy to Let

The Mortgage Works as the first announced 80% LTV Mortgage.

With 1 year fixed at 4.69% with a 2.50% arrangement fee and 3 year fixed at 5.99% with a 3.00% arrangement fee this sounds interesting.

More details.

Other lenders announcing plans to relax their lending criteria and property investors throughout the UK have been celebrating this.

Criteria have been gradually easing over the last three months, yet a year ago landlords needed to put down a 40 per cent deposit to secure financing.

This is a significant move to restore confidence in the buy to let sector, opening the doors to first time landlords, as well as many portfolio landlords that have been unable to expand due to reaching their maximum limit with the mainstream lenders.

This signals market recovery.

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