Buy To Let 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.
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.
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.
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.
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