Buy To Let Updated:
Loughborough Building Society has launched a competitive variable rate buy-to-let-mortgage for investors with at least a 25% deposit.
At 3.99% for three years, this product includes a discount of 1.00% off the society's standard variable mortgage rate, currently 4.99%.
It charges a reasonable fee of £899 and the maximum advance is £200,000.
The finer details….
This variable rate mortgage is only available for direct business.
Why we like it….
For investors looking for a variable rate 75% loan-to-value mortgage, this product is the cheapest both on rate and fee.
Four out of five Moneyfacts stars have been awarded.
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