BTL mortgage gets a rate cut | Product News - Moneyfacts

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BTL mortgage gets a rate cut

BTL mortgage gets a rate cut

Category: Buy To Let
Date: 24/08/2016

State Bank of India has decreased rates on selected buy-to-let (BTL) products, including a 0.20% reduction to its three-year fixed rate mortgage. This deal thereby comfortably maintains its position in the Best Buys chart for its sector.

The basics…

The mortgage now boasts a rate of 3.09% that is fixed for three years. It's available at 70% loan-to-value (LTV) and remains fee-free.

The finer details…

The deal is offered to second-time buyers and landlords who wish to remortgage their rental property, provided they have the necessary deposit. It includes the option to make overpayments, offering some welcome flexibility.

Why we like it…

Due to its lower rate and fee-free status, this BTL mortgage remains an attractive deal to landlords and deservedly keeps its Moneyfacts rating and position in the charts.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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