New buy-to-let mortgage unveiled

11-May-2005

A new creative mortgage looking to the niche buy-to-let sector has been launched by Mortgage Express.

Click here for information on creative mortgages

Many first time buyers are increasingly opting to buy a home with the intention of renting it out to tenants as a way of repaying the mortgage, because spiralling house prices over recent years have left many aspiring homeowners without the funds to afford their own home.

As such, mortgage lenders are developing increasingly creative mortgage options for aspiring first time buyers, so as to give them the opportunity to get a foothold on the property ladder.

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The new offering from Mortgage Express is only available through its online system, and is offering users a three year fixed rate at 4.99 per cent, as it looks to attract more buyers into the buy-to-let market.

First time buyers are becoming more aware of different avenues onto the property ladder, with buy-to-let becoming increasingly popular because of the opportunities to make a profit out of the deal.

In accordance with this trend, Bradford and Bingley offers a substantial range of buy-to-let mortgages to give aspiring homeowners a boost onto the first rung of the property ladder.

Click here for advice on first time buyer mortgages or to find out how much you can borrow and how much it will cost you, from the UK's leading High Street Brokers, Bradford and Bingley

Click here for further information on finding a deposit

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