Kevin Gibson, Director of Ascot Mortgages “I’m really pleased to say that we are starting the New Year with great news, with a new buy to let mortgage offering a maximum loan to value of 80%”
With many lenders cutting back on their buy-to-let lending between 2008 and 2010 meant that many buy to let investors found obtaining new mortgages very difficult unless they were able to raise sizable deposits, with some lenders asking for over 40%.
“With our new high LTV Buy to Let mortgages, Ascot Mortgages are able to help landlords take advantage of good investment conditions and low interest rates, good news for landlords and good news for the property market in general”
Before the recession hit, Buy to Let mortgages where getting close to the deals available to the residential market. However when the recession hit, the higher loan to value Buy to Let mortgages where among the first to be pulled from the mortgage market. What was left where 75% LTV mortgages with high arrangement fees, making them overall a great deal more expensive. This new 80% LTV Buy to Let mortgage is certainly a promising sign that the Buy-to-Let sector is strengthening.
If you would like more details about the 80% LTV Buy to Let Mortgage we are offering please call us today - We offer a free initial mortgage consultations, either in person or over the telephone.
- Ascot Mortgages Ltd – Your Buy to Let Mortgage Specialists
- Web http://www.ascotmortgages.co.uk
- Ascot Mortgages Ltd, 4 Webster Court, Warrington, Cheshire, UK WA5 8WD
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