A new exclusive buy to let mortgage

17/10/2007

The intermediary lender of Britannia, Platform, announced today the start of a brand new Buy to Let mortgage on a three year fixed rate exclusively for London & Country. 

The new deal is giving you a fixed rate of interest at 5.85 percent for three years with a loan to value rate of 75 percent.  The arrangement fee is £999 which can be added to the loan if required.  The valuation is free and the maximum you can loan up to is £1,000,000.  The rental income has to be at least 110 percent of the mortgage repayment.

Mortgage Specialist at London & Country, James Cotton, said: “We are delighted to have this three year fixed exclusive funded by platform as an addition to our buy to let products that we can now offer to our clients.”

Head of Sales at Platform, Jason Berry, said: “The competitive components of this new exclusive fixed rate will ensure that London & Country’s customers will benefit from a greater degree of flexibility when building their portfolios. Platform is able to capitalise on our ten years of operational experience within the specialist sector and the unequivocal backing of our parent Britannia to adjust our offering to better suit the needs of our customers.”

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