5-yr BTL mortgage is rated ‘excellent’ | Product News - Moneyfacts

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5-yr BTL mortgage is rated ‘excellent’

5-yr BTL mortgage is rated ‘excellent’

Category: Buy To Let
Date: 13/05/2016

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 It is now over 6 months old so the content may be out of date.

Leeds Building Society has unleashed a new five-year fixed rate buy-to-let (BTL) mortgage onto the market, immediately earning it an 'excellent' rating for its competitive terms.

The basics…

This mortgage has a competitive rate of 2.90% fixed until 31.8.21. It is available at a loan-to-value (LTV) of 60% and has a fee of £1,999.

The finer details…

Second-time buyers and those looking to remortgage their rental properties are invited to apply for this deal. An incentive package of free valuation (max £999) is offered to all borrowers, while remortgagors can also benefit from help towards costs. Overpayments of up to 10% of the outstanding balance are permitted per annum, giving borrowers some welcome repayment flexibility.

Why we like it…

Landlords who are looking for an attractive long-term mortgage will certainly pay attention to this newcomer, which boasts a competitive rate and an enticing incentive package. As a result, this deal fully deserves its 'excellent' rating.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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