Pink advocates buy-to-let with latest mortgage offering

Mortgage packagers Pink Home Loans is offering a buy-to-let mortgage funded by Mortgage Express. The fixed-rate of 5.85% is guaranteed until September 3, 2007 and is available for up to 85% loan to value with a maximum borrowing of £1 million. Should interest rates rise in the interim, the mortgage will give investors the chance to lock into a fixed rate at only 0.1% above today's normal variable rate for five years, says Tony Jones, managing director at Pink Home Loans. "Borrowers that a buy-to-let property should be part of a wider spread of investments and to take a long-term v...