BTL discounted mortgage gets 4 stars | Product News - Moneyfacts

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BTL discounted mortgage gets 4 stars

BTL discounted mortgage gets 4 stars

Category: Buy To Let
Date: 16/01/2015

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 It is now over 6 months old so the content may be out of date.

Leek United Building Society has increased the discount of its two-year discounted buy-to-let mortgage, earning it a four-star review for its competitive terms.

The basics…

This mortgage now has a variable rate of 2.99% (2.20 disc) and is available at a loan-to-value (LTV) of 75%. A low fee of just £199 is payable.

The finer details…

This deal is available to second-time buyers and those looking to remortgage. Although there is no incentive package, borrowers can profit from the option to make overpayments of up to 10% of the mortgage advance per year.

Why we like it…

The increased discount of this mortgage has boosted its competitiveness, something that is not likely to go unnoticed among landlords. The low fee and option to make significant overpayments add to the overall appeal and ensure that this deal deserves its four-star status.

Four Moneyfacts Stars have been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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