Specialist mortgage club Buy to Let Club and its broker brand The Buy to Let Business has reported an increase in demand by 35% for the first quarter of 2015 against the final quarter of 2014 for two-year fix rate products.
Buy to Let Club has secured an exclusive two-year fix rate up to 75% with a rate of 2.59%, free valuation and a flat arrangement fee of £1,995 available for purchase and remortgage.
Ying Tan, managing director of The Buy to Let Business and Buy to Let Club, said: “With inflation low and rates unlikely to change anytime soon two-year fixes are still the most popular product among investors.
“As products like this show, rates are extremely competitive and margin over trackers is minimal, yet borrowers get the security over the next couple of years and as well as flexibility should there be a change in strategy after the fix period.”