Buy To Let Date:
Principality Building Society has reduced the price of its two-year fixed rate buy-to-let mortgage, cementing its position in the Moneyfacts charts as a result.
This mortgage now has a competitive rate of 2.90% fixed until 31.10.17. It is available at a loan-to-value (LTV) of 75% and has a fee of £1,094.
The finer details…
This deal is available to second-time buyers and those looking to remortgage their rental property with a deposit of 25%. No incentives or repayment options are available, so landlords must weigh up this lack of flexibility with the advantages of the competitive rate.
Why we like it…
Landlords hunting for an eye-catching two-year fixed rate deal are likely to be drawn to this offer, which is now even more competitive thanks to its rate reduction. This is a straightforward, frill-free deal and it fully deserves its place on the Moneyfacts charts.
Moneyfacts rating: Excellent
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