Buy To Let 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.
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.
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.
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
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