Buy to let – the return of the 85% mortgage

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

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