Banks launch new 90% LTV deals!

 

Sunday 3rd May 2009

Property of the Week from Property Mentor Workshop
Property of the Week from Property Mentor Workshop
Area – Middlesex

Property type – Semi Detached House

Number of Bedrooms – 3

Length on Market – 3 months

Valuation – £270,000

Bought – £194,000

Positive Cash Flow – £950 per Month

Click here to see the testimonial videos

If you have been watching the property market as vividly as we have, you’ll have probably noticed the gradual evaporation of lending options during the last 12 months.

Restricted to loans beginning at 60-80% of the properties value, 100% mortgages had all but disappeared compared to their surplus supply this time last year. But no more…

Over the last few weeks, new and exciting mortgages deals have been re-appearing on the market, bringing with them a selection of tempting offers to suit all investors interests.

Who are offering the best deals?

Many of the UK’s leading banks have jumped on board this rising trend, yet Yorkshire Bank are certainly a step ahead of the pack. Offering property investors unique buy-to-let loans at 80% LTV, this is a 5% rise on Cheltenham & Gloucester’s closest deal at 75% LTV with a fixed rate of 4.79%.

Even homeowners are being offered a deluge of deals to tempt them back onto the property market. Deals which as property investors, you too can take advantage of:

1. HSBC – 90% LTV 2 year fixed rate of 4.99%
2. Yorkshire – 90% LTV 2 year fixed rate of 5.99%
3. Post Office – 90% LTV 5 year fixed rate of 6.01%

Surely there is a catch?

No, there is none. Some banks have even gone to the extent of offering borrowers incentives to come join their bank.

Halifax for example are pledging to pay a borrowers Council Tax for the first year, if they take out a mortgage with them – a saving of over £1,000!

How can this information benefit property investors?

Simple. Like a homeowner, you too can take advantage of these growing mortgage deals, and ensure that your property investments are always receiving the best deals.

A task that at Property Mentor they can help you to achieve.

Working alongside the Property Mentor Finance Team, their team of expert brokers can help you to find the best mortgage deals for your properties thus ensuring that your monthly repayments are low, affordable and more importantly profitable, each and every month.

Interested in learning how these new property deals can benefit your property portfolio? Why not try the 2 hour taster session and discover how 8 investment strategies can help you.
 

Click here to book your free Property Mentor Taster Session

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