3-year BTL mortgage heads into top 10 | Product News - Moneyfacts

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3-year BTL mortgage heads into top 10

3-year BTL mortgage heads into top 10

Category: Buy To Let
Date: 19/11/2014

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 It is now over 6 months old so the content may be out of date.

Post Office has added to its buy-to-let offerings with a new three-year deal, which has raced straight into the Moneyfacts charts for its terms.

The basics…

This deal has a rate of 3.25% at a loan-to-value (LTV) of 75% fixed until 31.12.17. A competitive fee of £995 is payable.

The finer details…

This mortgage is available to second-time buyers and remortgagors with a 25% deposit. While there is no incentive package available, borrowers are given the option to make flexible repayments, with overpayments of up to 10% of the outstanding balance permitted.

Why we like it…

This deal boasts one of the lowest rates for its sector, which sees it sit comfortably among the market-leaders. The competitive fee and the option to make regular overpayments are added bonuses and ensure that this mortgage is likely to appeal to landlords with the right deposit.

Four Moneyfacts Stars have been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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