I knew this day would come.  REAL buy to let mortgages are on the way back.  This lender is making a B-line for the mortgage market in a very unsubtle way and I love it!

Have a look at their terms:

• No minimum valuation
• No property inspection 
• accept drive by valuations
• 75% LTV
• reverting rate +2% above bank base rate
• Fixed rate of 5.29%

I am going to make a call to them to see if they employ the 6 month rule as I have a hunch they do not.  If this is the case then this will explode for professional landlords as we will be able to do a bridge and remortgage no money down deal.

I will keep you informed.

Ajay

Posted on: 28th Jan 2009