BTL mortgage from Abbey scores four stars | Product News - Moneyfacts

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BTL mortgage from Abbey scores four stars

BTL mortgage from Abbey scores four stars

Category: Buy To Let
Date: 03/09/2014

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 It is now over 6 months old so the content may be out of date.

Abbey has reduced selected rates in its buy-to-let range with the variable rate tracker mortgage receiving the biggest cut of 0.26%.

The basics…

This variable rate tracker mortgage now has a rate of 2.99% for two years at a loan-to-value of 75%. After two years, the rate will revert to an existing borrower's rate of 4.74%.

The finer details…

The mortgage is available to the first-time landlord, as well as professionals and property developers. Foreign nationals can also apply.

This mortgage comes with an enticing incentive package, with free valuation fees being offered to applicants from England, Wales and Northern Ireland. A £250 rebate is also available upon completion.

While underpayments and payment holidays are not allowed, it is possible to make overpayments of up to 10% on the outstanding balance per year.

Why we like it…

While lower rates are available, the reasonable booking fee and the attractive incentive package make this mortgage an eye-catching one for landlords looking for a tracker mortgage.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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