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Re: low valuation for buy to let mortgage

  •  Wed, Dec 03 2008, 4:12 PM

    Re: low valuation for buy to let mortgage

    The post office's BTL rate is quite alot higher than Northern Rock's standard variable rate. You may be better off considering a straightforward BTL remortgage plus a secured or unsecured loan which you can pay off quickly (higher rate over a shorter term would cost less than a lower rate over a longer term). If you have your own main residence with a residential mortgage then you could use part of that by way of a further advance from that lender.

    Brian

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