BTL mortgage from Post Office enters charts | Product News - Moneyfacts

Product News

BTL mortgage from Post Office enters charts

BTL mortgage from Post Office enters charts

Category: Buy To Let
Date: 03/10/2014

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 It is now over 6 months old so the content may be out of date.

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 basics…

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.

What Next?

Click here for more details about this product

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
Close