BTL 2-yr mortgage gets a 0.80% rate cut | Product News - Moneyfacts

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BTL 2-yr mortgage gets a 0.80% rate cut

BTL 2-yr mortgage gets a 0.80% rate cut

Category: Buy To Let
Date: 23/03/2016

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 It is now over 6 months old so the content may be out of date.

HSBC has reduced the rate on its two-year fixed buy-to-let (BTL) mortgage by a significant 0.80%, launching it into the charts and earning it the highest Moneyfacts rating in the process.

The basics…

This mortgage now has a competitive rate of 2.39% fixed until 30.4.18, enabling it to perch comfortably in the charts. It is available at a loan-to-value (LTV) of 60% and has an enticingly low fee of £349.

The finer details…

All landlords who have a 40% deposit are welcome to apply for this deal, which allows successful applicants to make overpayments of up to 20% of the outstanding balance.

Why we like it…

This eye-catching rate reduction is sure to make landlords prick up their ears. Not only has this deal moved among the market-leaders of its sector, but it also boasts a low fee and the option to make overpayments – features that are sure to appeal to those who are looking for a competitive and cost-effective mortgage. As a result, this outstanding product fully deserves the highest Moneyfacts rating.

Moneyfacts rating: Outstanding

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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