Abbey launches new buy-to-let mortgage

07-Nov-2006

Abbey has announced the launch of a new range of buy-to-let mortgages, which may be of interest to first time buyers looking to invest.

First time buyers considering making their first move onto the property ladder as a landlord may benefit from Abbey's new range of fixed-rate and tracker mortgages, with interest rates between 4.89 per cent and 4.64 per cent.

Abbey's new range is available for all loans up to an 85 per cent loan-to-value and are free from all booking and valuation fees.

"[Following feedback, we] are launching a competitive set of buy-to-let products and criteria," said Ricky Okey, managing director of Abbey for Intermediaries.

"Abbey's entry into the buy-to-let intermediary market is yet another example of our commitment to provide the best products and service to our intermediaries," he added.

Property numbers within a portfolio are unlimited, up to a value of £5 million.

Abbey for intermediaries offers a range of mortgage products, available only through financial advisers.

To find out more about this mortgage, contact a good mortgage broker.

To find out how to get onto the property ladder by buying to let somewhere else click here.

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