John Charcol buy-to-let deals unveiled

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John Charcol buy-to-let deals unveiled

John Charcol has announced that it will be launching two market-leading buy-to-let deals.

The first John Charcol buy-to-let mortgage is being offered in collaboration with Scarborough Building Society.

It is virtually fee-free, with a refund available on valuation fees, and the initial rate is low – standing at 3.49 per cent.

The second John Charcol buy-to-let mortgage is being offered with West Bromwich Building Society, and allows customers up to ten per cent overpayment every year, with no early repayment charges.

Both mortgages are calculated using the Libor-linked pay-rate, which means that most buy-to-let properties will earn enough in rent to qualify for the maximum 80 per cent loan-to-value mortgage – which rises to 85 per cent on the West Bromwich deal.

Ray Boulger, senior technical manager at John Charcol, comments: "Buy to let now represents a significant part of the overall market, and we are pleased to have developed some highly sophisticated deals with these lenders that, just five years ago, would have been unheard of for your average buy-to-let investor."

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