Standard Variable Rate - Opt for Lifetime Trackers
If you go through a broker, it’s always worth asking them about the turn around times of the different lenders as they'll be reluctant to recommend lenders with slow turn around times as they stand to lose commission too if the deal takes so long you decide to go to another broker (or in the case of new house purchases, you lose the house you wanted to buy!)
So, the message is simple - have a diary system that tells you two months in advance when your mortgages are coming to the end of their discount period – and start shopping around (and making applications) right then.
Alternatively, if you are lazy like me, just opt out by getting a lifetime or long term base rate tracker where the interest rate is reasonably good.
OK, it may not be as good as some special shorter term discounts but at least you can forget about having to remember to re-mortgage to keep off the dreaded standard variable rate every few years.
MORE ABOUT LETTINGFOCUS AND WHAT WE DO
LettingFocus.com is the home of landlord information.
I’m David Lawrenson, a landlord and property investor myself for over
Services to Businesses and the Public Sector
Primarily I am a consultant to banks, local authorities, social housing providers and other organisations – helping them with their landlord facing or buy to let product strategies and services.
For example, I help banks improve their buy to let mortgage lending practices and I help housing association / local authorities find private landlords (private rented access schemes, local letting agency models etc.)
I also write for property websites and am regularly quoted by the broadcast media.
Services for Private Landlords
We also find some spare time to help landlords and property investors by coaching them in how to make money in the private rented sector using ways that work, which are ethical, fair to tenants and which involve minimal risk to the investor.
We pride ourselves on giving independent unbiased buy to let advice on either a one-to-one mentoring / coaching basis or through our occasional group seminars. With no links to property firms, developers or bridging loan providers we can advise on where and what type of property to buy for investment and when to buy it. We also show you how to manage tenants properly.
AT OUR WEBSITE LETTINGFOCUS.COM:
THE HOME PAGE OF THIS BLOG click here: Blog
THE HOME PAGE OF OUR MAIN SITE click here: LettingFocus Home Page
For general info on our CONSULTING click here: Consultancy and Seminars
ONE TO ONE PRIVATE CONSULTANCY click here: Property Mentoring
NEXT SEMINAR AND NETWORKING EVENT for Landlords and Property Investors:
Next Property Investment Seminar and Networking Event
We have OFFERS on a range of services and products for landlords too; click here including landlords insurance, tenant referencing, tenancy agreements and more: Services and Products for Landlords
TO READ CLIENT TESTIMONIALS – both commercial and private click here: Testimonials
BUY “SUCCESSFUL PROPERTY LETTING” click here: Buy the Book at Amazon plus anything else you fancy at Amazon.co.uk
To JOIN our Free QUARTERLY NEWSLETTER simply send an email to david@LettingFocus.com - Please note we WILL NOT send spam or sell our mailing list to advertisers!
IF YOU HAVE A SITE WHY NOT LINK TO THIS BLOG OR TO OUR WEBSITE?
IF YOU SELL SERVICES TO LANDLORDS, YOU COULD BE A PARTNER ON OUR AFFILIATE PROGRAMME.
PLEASE GET IN TOUCH!
See our TWITTER PAGE: http://twitter.com/LettingFocus
Copyright of Blog:
TO VIEW RELATED POSTS select a “Category” at the bottom of this page.
Labels: buy to let mortgage rates, buy to let mortgages, lifetime tracker mortgages
This entry was posted by lettingfocus, on
Thursday, February 08, 2007.
