BTL mortgage deal gets a rate reduction | Product News - Moneyfacts

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BTL mortgage deal gets a rate reduction

BTL mortgage deal gets a rate reduction

Category: Buy To Let
Date: 08/12/2015

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 It is now over 6 months old so the content may be out of date.

Skipton Building Society has reduced the rate of its five-year fixed rate buy-to-let (BTL) mortgage by 0.16%, earning it an 'excellent' rate as a result.

The basics…

This mortgage now has a highly competitive rate of 3.09% fixed until 30.4.21, the lowest rate currently offered in its sector. It is available at a loan-to-value (LTV) of 60% and has a fee of £1,995.

The finer details…

This deal is only available to house purchase customers with a deposit of 40%. It is accompanied by an attractive incentive package of free valuation, and also allows overpayments of up to 10% of the outstanding mortgage balance per year.

Why we like it…

Landlords hunting for a competitive fixed rate deal will be delighted by this latest reduction, which has made this mortgage the lowest currently available in its sector. An additional bonus is the offer of free valuation, which will help to reduce initial costs, and borrowers can also benefit from the option to make regular or lump sum overpayments.


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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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