4 February 2005 NEW HIGHER LOAN TO VALUE BUY TO LET MORTGAGES RENEW CONFIDENCE IN THE BUY TO LET MARKET Several lenders, including GMAC - RFC, which is one of the UK’s leaders in buy to let is advancing 89% on buy to let loans. This is the highest loan to value mortgage available on the market. Landlord Mortgages, the UK’s leading buy to let broker believes this will renew confidence in the buy to let market. Lee Grandin, Managing Director, Landlord Mortgages comments the following: “I think this is an important and exciting product that shows lenders have total faith in the future of the buy to let market. This is giving investors a renewed confidence in investing in property.” “Scare mongering comments regarding the GMAC – RFC product are totally unfounded. It is essentially self-regulating in that the rate payable is 5.85%, which is higher than usual, which means that a very high yield of 7.31% is required to meet rental cover requirements. This product is therefore only likely to be popular with landlords enjoying a high, sustainable yield.” “I believe that products such as this should be encouraged as they support the buy to let investor, yet remain very much within the parameters of responsible lending.” For further information on Landlord Mortgages investors can visit www.lml.co.uk or phone 0800 917 3324.

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