BTL mortgage gets an ‘outstanding’ rating | Product News - Moneyfacts

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BTL mortgage gets an ‘outstanding’ rating

BTL mortgage gets an ‘outstanding’ rating

Category: Buy To Let
Date: 06/03/2015

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 It is now over 6 months old so the content may be out of date.

Cumberland Building Society has reduced selected rates among its fixed buy-to-let products. One of the products receiving a larger cut of 0.12% is the three-year fixed deal, which has merited the highest Moneyfacts rating as a result.

The basics…

This deal now has a highly competitive rate of 3.26% for three years, boosting its appeal in the Moneyfacts charts. It is available at a loan-to-value (LTV) of 75% and has a competitive fee of £995.

The finer details…

First-time buyers, second-time buyers and remortgagors with a 25% deposit are all welcome to apply for this deal. Although there are no incentives, borrowers do have the option of making overpayments of up to 10% of the outstanding balance per annum.

Why we like it…

Cutting the rate of this mortgage has significantly enhanced its appeal, making what was already a Moneyfacts best buy an even more eye-catching offer. The low rate, competitive fee and the option to make overpayments further boost this mortgage's attractiveness and ensure its continued place in the charts. This is an outstanding product that fully deserves the highest Moneyfacts rating.

Moneyfacts rating: Outstanding

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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