Connect Mortgages has added the latest mortgage lender to enter the market to its panel, with a headline buy-to-let product – an 85% LTV buy-to-let mortgage for properties in the London and South East.
This forms just one part of a broader range of new innovative products for the BTL investor and business owner, with rates starting from just 3.69% at 60% LTV, and rates between 5.09% and 5.35% at 85% for loans up to £500,000 on property.
What is great news for clients is that this range of buy-to-let products has no early repayment charges after the first year – even for the five year fixed rates. The mortgages are available for companies, individuals and first time landlords.
This lender is also offering an innovative range of refurbishment, and development mortgages as well as an SME business loan. These products are suited to landlords, developers and business owners looking to expand.
They can advance the funds upfront secured on a non-development property already owned by a landlord or developer. These mortgages are initially available for periods up to 18 months with rates between 8% and 12%, but the borrower can then move seamlessly onto a standard buy-to-let mortgage.
The lender also has no credit scoring but is more interested in the client and the security on offer and have the flexibility to make a deal fit if its’ possible.
Liz Syms, CEO for Connect Mortgages, said: “This lender has a truly innovative range of both long and short term mortgages, all developed around the landlord and business owner. We are delighted to be one of the very few mortgage specialists to be able to offer these exciting new products”
To find out more about this incredible range of products and who the lender is please contact 01708 676111 or complete the contact form below.