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NLA Mortgages to make daily checks of the market

The National Landlords Association (NLA) has announced that its free online mortgage sourcing and quotation system, NLA Mortgages, will be making daily checks of the mortgage market to find the best buy-to-let deals.

The NLA said that it believes that it is now more complicated than ever for landlords to keep track of which lenders offer the best rates. With the credit crunch still in full effect the numbers of buy-to-let mortgages have been dramatically reduced. The association hopes that by making daily checks of the market it will quickly find the right product for landlords saving them time and money.

NLA Mortgages also offers landlords a minimum 0.25% cash-back when they purchase a deal. For those landlords who wish to remortgage their entire portfolio the cash-back guarantee is increased to 0.275%.

Steven Hilton, spokesman for the NLA, told PIN: “Landlords are having to work ever harder to find a decent mortgage deal and the NLA is happy to try and take some of the hassle out of endless hours online or with a broker. With a minimum cash-back of 0.25%, who can afford to not log on and check out the latest deals?”

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