Wow -

Best rates found today:

BTL

3.49% fixed to end 2012, 70% LTV
The Mortgage Works

3.99% fixed to Feb 2015, 60% LTV

and

BANK OF CHINA!!!!
4% TERM!! 65% LTV

I think the game has just changed completely my friends ...

err no.

Bank of China is a 3.5% lifetime tracker.....

"BUY TO LET



Rate



Lifetime Tracker
3.5% + Bank Base Rate (BBR currently 0.5%)



Loan to Value Limits (LTV)



For properties valued up to £250,000, we will lend up to 65%.
For properties valued over £250,000, we will lend up to 60%.

Restrictions apply on loans over £1 Million and for leasehold properties.



Fee’s



The valuation cost is paid for at the time of application and depends on property value.

Arrangement fee paid on acceptance of offer starts from a minimum of £1495 and depends on the actual loan amount borrowed.

There is a £35 telegraphic transfer fee for wiring the loan amount to your nominated Solicitor.

£75 deeds discharge fee when your mortgage is redeemed fully."

Thanks JDR

I was going to come back to check that again this afternoon. 4% for full term did not sit right in my mind, but I had other stuff to do.

Still, Bank Of China's move into the market is significant.

It may hint that they see less growth at home, if nothing else.

Chinese banks have been lending like madmen for the last year, they've got to recapitalize.

http://www.thestandard.com.hk/news_detai...

yes well if 4% was fixed for life it would cause me to seriously think about buying a few BTL's

Yes - it is due to cheap money and you know what happened last time. Has amnesia set in?

This is really great. Lots of cheap money. So go out get all those cheap mortgages, push up house prices like mad and all us outright owners can look for lots of loot added to our personal nett worth each week. In 2007 it was £700 a week can you make it £900 a week this time? ...