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Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Virgin Money’s BTL deal secures top spot 04th January 2017

Virgin Money has reduced the rate of its two-year fixed buy-to-let (BTL) mortgage deal by 0.26%, seeing it soar straight to the top of the charts and earning it an Excellent rating in the process.
The basics… This mortgage is now priced at 1.59% to 01.04.19 and is available at a loan-to-value (LTV) of 60%, making it the joint market-leader for its terms. It comes with a fee of £1,995.
The finer details… The deal is offered to second-time buyers and landlords who wish to remortgage their rental property, provided they have the necessary deposit. It offers an incentive of £500 casback – which could help to offset the fee somewhat – and it also allows borrowers to make overpayments and take payment holidays, provided certain conditions are met.

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Post Office Money reduces BTL mortgage rate 21st December 2016

Post Office Money has reduced the rate of its two-year fixed buy-to-let (BTL) mortgage deal by 0.26%, earning it a comfortable place in the charts and an "excellent" rating in the process.
The basics… This mortgage is now priced at 2.59% to 31.01.19 and is available at a loan-to-value (LTV) of 75%, and as an added bonus it comes with absolutely no product fees.
The finer details… The deal is offered to second-time buyers and landlords who wish to remortgage their rental property, provided they have the necessary deposit. It offers an incentive of free valuation as well as free legal fees for remortgages, and it also allows borrowers to make overpayments, offering some welcome flexibility.

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Principality improves 2-yr BTL mortgage 08th December 2016

Principality BS has reduced the rate on its two-year fixed buy-to-let (BTL) deal by 0.10%, earning it a high Moneyfacts rating and a competitive place in the Best Buy chart for its sector.
The basics… This mortgage now boasts a rate of 2.30%, fixed to 28.02.19. It's available at 60% loan-to-value (LTV) and does not have a fee.
The finer details… The deal is offered to landlords in England and Wales who are looking to buy another property or remortgage, provided they have the necessary deposit. It comes with an incentive of free valuation for all borrowers, and for remortgagors free legal fees, thereby helping to reduce upfront costs.

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Principality improves 5yr BTL mortgage 01st December 2016

Principality BS has reduced the rate on its five-year fixed buy-to-let (BTL) deal and removed its fee, earning it a high Moneyfacts rating and making it increasingly competitive.
The basics… This mortgage now boasts a rate of 2.80%, fixed to 28.02.22. It's available at 60% loan-to-value (LTV) and is completely fee-free.
The finer details… The deal is offered to landlords in England and Wales who are looking to buy another property or remortgage, provided they have the necessary deposit. It comes with an incentive of free valuation for all borrowers, and for remortgagors free legal fees, thereby helping to reduce upfront costs.

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Virgin storms 5yr BTL mortgage chart 28th November 2016

Virgin Money has reduced selected mortgage rates, which has made its five-year fixed buy-to-let (BTL) deal the lowest for its term, earning it the top spot in the Best Buy chart for its sector and the highest Moneyfacts rating.
The basics… This mortgage now boasts a rate of 2.48%, fixed to 01.04.22, after a significant decrease of 0.30%. It's available at 60% loan-to-value (LTV), with a fee of £1,995.
The finer details… The deal is offered to landlords who are looking to buy another property or remortgage, provided they have the necessary deposit. It comes with an incentive of £500 cashback, and gives borrowers the option to make overpayments and take payment holidays.

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Top variable for term BTL 15th November 2016

Coventry BS has increased the rates on a selection of its buy-to-let (BTL) mortgages by 0.10%. Despite this, its variable for term offering still boasts the lowest rate for its terms, thereby comfortably earning the highest Moneyfacts rating and its place in the first-time landlord Best Buy charts.

The basics… This mortgage is now priced at a market-leading variable rate of 2.19% for the remaining term of the mortgage, at 65% loan-to-value, and comes with an arrangement fee of £1,999.

The finer details… The deal is offered to second-time buyers and landlords who wish to remortgage their rental property, provided they have the necessary deposit. It includes an incentive package of free valuation fees (up to £700), and for remortgagors free legal fees. It comes with the option to make overpayments by lump sum or regular methods, and to take payment holidays provided certain conditions are met.

A deal which mirrors this is available from Godiva Mortgages through intermediaries only.

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New discounted variable BTL deal 14th November 2016

Leek United BS has launched a new two-year discounted variable rate buy-to-let (BTL) mortgage which boasts the lowest rate in its sector, thereby comfortably earning it an outstanding rating as well as Best Buy status.

The basics…

This mortgage is priced at a market-leading 1.99% (3.20% disc) for two years, at 75% loan-to-value. It comes with an arrangement fee of £1,495.

The finer details…

The deal is offered to second-time buyers and landlords who wish to remortgage their rental property, provided they have the necessary deposit. It includes an incentive package of a refund on valuation fees (for properties valued up to £500,000), and comes with the option to make overpayments by lump sum or regular methods of up to 10% of the mortgage amount per year.

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Leeds BS improves 5yr BTL mortgage 04th November 2016

Leeds BS has reduced the rates on several of its fixed buy-to-let (BTL) mortgages, which has seen its five-year deal enter the Best Buy chart for its sector and earn a high Moneyfacts rating.

The basics… This mortgage now boasts a rate of 3.05%, fixed to 31.01.22, which means a decrease of 0.10%. It's available at 70% loan-to-value (LTV), with a fee of £999.

The finer details… The deal is offered to landlords with the necessary deposit who are looking to buy another property or remortgage. It includes a generous incentive package of free valuation and for remortgagors help towards costs. It allows borrowers to make overpayments.

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Skipton launches new 2yr BTL 03rd November 2016

Skipton BS has launched a new two-year fixed rate buy-to-let (BTL) mortgage deal which has raced into the top-three of the Best Buy chart for its sector, earning it a high Moneyfacts rating in the process.
The basics… This mortgage boasts a competitive rate of 2.07% at 60% loan-to-value (LTV), fixed to 28.02.2019. It comes with a fee of £995.
The finer details… The deal is offered to landlords with the necessary deposit looking to purchase another rental property. It comes with an incentive package of free valuation and the option to make overpayments.

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HSBC improves BTL offering 25th October 2016

HSBC has reduced its five-year fixed buy-to-let (BTL) mortgage rate by 0.60%. This deal now boasts the lowest rate for its terms, securing it a spot in the Best Buy chart of its sector and the highest Moneyfacts rating.
The basics… This mortgage now boasts a market-leading rate of 2.79% at 75% loan-to-value (LTV), fixed to 31.12.2021. It comes with a fee of £1,999.
The finer details… The deal is offered to first-time landlords as well as those looking to purchase another rental property or remortgage, as long as they have the necessary deposit. It comes with the option to make overpayments of up to 20% of the outstanding balance.

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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.

 
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