Commercial Property News

Business property owners may be interested in Godiva buy-to-let deals

Those considering investing in business properties may require a mortgage deal allowing them to let out the property.

Godiva Mortgages recently launched a range of deals to suit this purpose, alongside residential products that could interest house buyers.

The buy-to-let products include a fixed-rate scheme with a loan to value (LTV) or 60% and a flexible product at a 50% LTV.

Its residential purchase loans may interest those keen on purchasing residential properties, with an LTV of 65%.

Colin Franklin, managing director, said: "These new schemes, including a market-leading three-year fixed rate, offer great value and are sure to be attractive both to intermediaries and clients."

Investors may consider residential property in Scotland, as David Marshall, business analyst for ESPC, recently stated house prices are cheaper north of the border than in other parts of the UK.

This would mean mortgage repayments would also be cheaper than in other regions, he added.

Posted by Sarah SmithADNFCR-2842-ID-800047619-ADNFCR

Wed, 1st Sep 2010

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