Britannia mortgage portfolio 'enhanced' for buy-to-let investors
www.moneynews.co.uk > Mortgages > Britannia mortgage portfolio 'enhanced' for buy-to-let investors
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Money News |
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Britannia mortgage portfolio 'enhanced' for buy-to-let investors
Thu 3rd May 2007
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The society has rolled out a brace of two-year and five-year fixed-rate discount and lifetime trackers.
Unlike many other mortgage providers, the Britannia mortgages allow buy-to-let landlords to let to family members, with a survey carried out by the group recently indicating that 57 per cent of investors would find this option attractive.
Consumers can enjoy a loan-to-value rate of up to 85 per cent on the Britannia mortgage range.
Monthly income from rent must also be at least 125 per cent of the mortgage payment for people taking on the Britannia buy-to-let mortgage.
Neville Richardson, group chief executive at the group, said that the Britannia buy-to-let range "could be perfect for parents whose children are planning to go to university as it will enable them to invest in property and provide a home for their child".
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