Buy-to-let investment is still surging, fuelled by impressive returns. A study conducted by a former economist last week claims that buy-to-let investments have outperformed all major asset classes over the past 18 years.
TSB Bank is expanding the sale of its buy-to-let mortgage range to brokers in an attempt to grow its lending to landlords.
The bank, which was once part of the Lloyds Banking Group, previously sold its buy-to-let mortgages through its branches only, but at the start of this month began trialing an intermediary services through some selected brokers and is planning to offer this service to more brokers at the start of next month.
The move will see TSB challenge existing buy-to-let competitors, including the Lloyds Banking Group. TSB’s buy-to-let rates start at 3.89% for a two-year fixed with a £1,260 fee. Borrowers must have a 40% deposit. It is offering a two-year tracker for 3.69% with the same £1,260 fee and 40% deposit.
This compares to the lowest rate currently available, which is much lower at 2.09% for a two-year fixed deal from BM Solutions. It comes with a £3,000 fee and is available to borrowers with a 40% deposit.
Buy-to-let investment is still surging, fuelled by impressive returns. A study conducted by a former economist last week claims that buy-to-let investments have outperformed all major asset classes over the past 18 years.
For a chat about mortgages contact Mitchell Mann
- Homebuilding and Renovating Show Free Tickets - March 19, 2024
- From Fixer-Upper to Dream Home: Investing Returns in Your Property Journey - March 13, 2024
- Leaving on a High Note: Acing Your End of Tenancy Clean - March 13, 2024