Figures issued by the Council of Mortgage Lenders earlier this year confirmed the Buy to Let market's phenomenal growth. Abbey's competitive Buy to Let mortgage at just 5.74% is designed to help intermediaries make the most of the opportunities this brings.
In 2006, 330,000 Buy to Let mortgages, worth a total of £38.4 billion*, were taken out, making it the fastest growing area of the housing market.
Just as the Vodafone McLaren Mercedes Formula 1 team constantly works on their cars after every race to improve performance, so at Abbey, we constantly fine tune our products and service to deliver the best results.
To make the Buy to Let process as simple as possible for your clients – and to make it easy and rewarding as possible for you, Abbey has introduced a package of competitive, straightforward and easy to understand mortgages.
For a start, our fantastic low rate of just 5.74%, fixed for 2 years, is just one way we strive to meet the needs of our IFA’s clients.
We can also offer a competitive lending criteria, student and holiday lets are accepted. This is a unique feature and a great opportunity for potential new business for intermediaries, opening up a whole new market for them and their clients.
And whilst some providers only lend on properties up to £500k maximum, at Abbey we believe in helping you offer your clients more, so we offer 85% LTV up to £1 million.
Plus your clients can include an unlimited number of properties, up to a maximum portfolio of £5 million, giving them more opportunities to grow their investments in Buy to Let.
Our regional offices also provide you with a local, personalised service. These nationwide sales teams include consultants, underwriters and administration staff so you get a personal service from someone you know, right on your doorstep.
Not forgetting our Homebuyer and Remortgage Solutions, available on selected products, which offer some genuine savings to pass on to your clients. There are no valuation fees on properties valued up to £2.5m, no legal fees and no booking fees so we can save your client having to find more money at the start of the move.
Plus we have a range of specialist insurance products for this niche market, including landlord's Buildings cover up to £700,000. Not only are buildings insured against accidental damage, but the policy also includes contents cover for specified fixtures and fittings at no extra cost, for up to 7.5% of the Buildings sum insured.
So not only do we have great products for your clients, but you can be sure they’ll be well looked after too, by your local team.
For more information, visit www.abbeyforintermediaries.com/mortgages or contact your Abbey for Intermediaries sales consultant.
* Council of Mortgage Lenders July 2007.
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