Buy To Let 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%.
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 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.
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.
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