Principality BS fills gap in BTL sector - Mortgages - News - Moneyfacts


Principality BS fills gap in BTL sector

Principality BS fills gap in BTL sector

Category: Mortgages

Updated: 16/12/2009
First Published: 16/12/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Principality BS has spotted a gap in the relatively sparse variable rate buy-to-let mortgage market and decided to fill it.

Its two new variable tracker rate products cater for most needs: one has a lower rate and a higher fee, the other has a slightly higher rate with a lower fee.

The lowest rate is priced at 3.69% to 31 January 2012 and has a fee of 3.5% of advance.

It is only available up to 60% loan-to-value, but it is open to first and second time buyers as well as for remortgage.

Being the lowest rated product for its term, four out five Moneyfacts stars are well deserved.

Compare buy to let mortgages

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Does your mortgage lender owe you money?

Earlier this week, the financial watchdog revealed that hundreds of thousands of mortgage holders could have been overcharged by their lender. Are you one of the many who could be in line for a windfall?

Do you think your home will rise in value?

There’s been a lot of talk recently about the rate of house price growth slowing, but is it affecting your personal expectations? According to research, it could be, with fewer people now expecting the value of their property to increase.

Confidence among “second steppers” is on the rise

We all know how difficult it can be taking that first step on the ladder, but what about the second step? In many cases, getting onto the next rung can be just as challenging, but happily, confidence among this cohort appears to be on the rise.