It’s taken a while but we finally have one lender, Kensington, who have dipped their toe into the 85% buy to let mortgage market. For a long time since the market collapsed in 2008 you needed a 25% or even 30% deposit to buy a property to let but recently deals needing just a 20% deposit have appeared and now one from Kensington which requires just a 15% deposit. It’s a two year fixed rate at 5.99% and is potentially available to both experienced and first time landlords.
Read more at Mike Jones’ invaluable mortgage blog here
