3-yr fixed BTL mortgage stays in the charts | Product News - Moneyfacts

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3-yr fixed BTL mortgage stays in the charts

3-yr fixed BTL mortgage stays in the charts

Category: Buy To Let
Date: 11/09/2015

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 It is now over 6 months old so the content may be out of date.

Cumberland Building Society has made a slight increase to the rate of its three-year fixed buy-to-let (BTL) mortgage, but it has retained its competitive spirit and kept a place in the Moneyfacts charts.

The basics…

This mortgage now has a rate of 2.95% fixed until 1.11.18, which is just below the market-leading rate. It is available at a loan-to-value (LTV) of 60% and has a fee of £995.

The finer details…

This deal is open to all borrowers with a 40% deposit. There is no incentive package on offer, but all landlords can profit from the flexibility of being able to make overpayments of up to 10% of the outstanding balance per annum

Why we like it…

This deal may have had a slight rate increase, but this has not affected its competitiveness in the market. Landlords on the lookout for an attractive three-year deal are therefore likely to be drawn to this offer, particularly as it also offers the possibility of making overpayments, which will potentially shorten the mortgage term.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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