Buy To Let Date:
Post Office has expanded its buy-to-let mortgage offerings with a new three-year fixed rate deal which has soared straight into the top 10 for its sector.
The mortgage has a competitive rate of 4.19% at a loan-to-value (LTV) of 75%. A low fee of £495 is payable.
The finer details…
After the three-year fixed period expires, the rate will revert to a 4.99% variable rate for the rest of the mortgage term.
This mortgage is available to second-time buyers and remortgagors. An incentive package for the latter includes free legal fees and free valuation.
Overpayments of up to 10% of the outstanding balance can be made per year, offering borrowers welcome flexibility over their repayments.
Why we like it…
This mortgage has an attractive rate and a low fee, so it should attract landlords looking for a good fixed rate deal. Remortgagors will also benefit from an enticing incentive package, which adds to this mortgage's appeal.
Four Moneyfacts Stars have been awarded.
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