New Buy to Let Deal Launched by Mortgages for Business

Mortgages for Business, UK specialist lender, announced the launch of a new attractive deal for British landlords.

The new 4-year fixed buy to let mortgage is available at 4.99% for borrowers with 30% deposit.

Commenting on the launch of the new product, Mr. Olejnik of Mortgages for Business, claimed that feedback from its customers suggests they are concerned over potential increases in mortgage interest rates and that is why they are willing to lock into competitive deal. This means that the introduction of a 4-year fix by Mortgages for Business is the right move.

Mr. Olejnik went on to say that the company "raised these concerns with Nick Allen, product marketing manager at Platform who proposed that we work together to design a product to address these issues."

The new product is available to small buy to let landlords with 5 properties maximum.

You can search for other buy to let deal on online comparison websites. Consider carefully reading through terms and conditions and contacting lenders in person.