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Property investors have got a lot to look forward to over the coming year with leading lenders declaring their intentions to reduce their buy to let deposit sizes by up to 20% over the coming months.
NatWest, Nottingham Building Society and London & Country are leading the way with this initiative, and it is hoped that once this trend catches on others will quickly follow suit.
London & Country
Offering a 3 year fixed rate loan of 6.49% with a fee of £995, London & Country have definitely broken the ice by reducing the size of their LTVís down to 80%.
Nottingham Building Society
Their LTVís may still be at 70%, but property owners can take advantage of a 3 year fixed rate loan at 5.59% for 0.3% less than it was 3 months ago
NatWest are definitely leading the way with their range of buy to let tracker deals and mortgages:
NOTE: all of theses tracker deals from NatWest have an arrangement fee of £1,999. All mortgage loans have an arrangement fee of £999.
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