Landlord Mortgages launches new Switch & Ditch service

Missed out on a great mortgage deal? Landlord Mortgages lets you switch to a better rate.

Landlords are stalling on re-mortgaging their buy-to-let properties in the hope that the credit crunch will soon be over and rates will improve, according to market information from Landlord Mortgages, the UK’s largest specialist buy-to-let broker.

In light of this, Landlord Mortgages has launched a new “Switch & Ditch” service. If you take out a mortgage or re-mortgage with Landlord mortgages and a better rate comes onto the market within 3 months, Landlord Mortgages will switch you onto the new mortgage and ditch the old one – COMPLETELTY FREE OF CHARGE.

Lee Grandin, Managing Director of Landlord Mortgages comments, “Many landlords are holding off re-mortgaging in the hope of a better deal in future months. Our new “Switch & Ditch” service allows buy-to-let landlords peace of mind when re-mortgaging with us. They can take out the best possible rate available to them now, safe in the knowledge that if something better comes along, they can switch to it without incurring any further charges.”

Investors interested in speaking to Landlord Mortgages can contact them on 0800 917 3324 or via www.lml.co.uk

Notes:

Switch & Ditch Terms and Conditions
• Not all mortgage lenders will allow Switch & Ditch.
• Switch & Ditch is not viable on around 20% of all Buy To Let Mortgages arranged through Landlord Mortgages.
• Landlord Mortgages cannot Switch & Ditch with the same mortgage lender, this will be subject to the mortgage lenders switch fee and will be payable in full by the applicant.
• All lending will be subject to status and therefore a better rate is not always obtainable.

Buy To Let Property
Buy To Let Tips