Well the Christmas decorations have been packed away and the cost of Christmas is now known. UK interest rates have been held at a record low of 0.5% for another month by the Bank of England as we head towards Easter. What can we look forward to in the
Easter Mortgage Parade? The good news is that we will continue to see lenders introducing new products and offering lower rates.

Following on from Fleet Mortgages launch in December, more lenders are due to enter into the BTL mortgage market.

In particular Foundation Home Loans have now fully entered into the market place adding to the lenders who do not stipulate a minimum level of income.

The products aren't available direct and can only be accessed via a small panel of brokers. Their product range includes 2 year fixed deals at 4.25% to 75% LTV and 5.06% Lifetime Variable to 75% LTV. For clients with minor adverse, products include a 2 year fixed deal at 5.50% to 75% LTV, 5.81% Lifetime Variable to 75% LTV. Unfortunately, currently there are no mortgage schemes for House of Multiple Occupancy (HMO) or multi-let properties.