BTL mortgage is ‘outstanding’ after rate cut | Product News - Moneyfacts

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BTL mortgage is ‘outstanding’ after rate cut

BTL mortgage is ‘outstanding’ after rate cut

Category: Buy To Let
Date: 08/04/2016

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 It is now over 6 months old so the content may be out of date.

Leeds Building Society has cut the rate on its five-year fixed buy-to-let (BTL) mortgage by 0.10%, earning it the top accolade as a result.

The basics…

This mortgage now has a competitive rate of 3.10% fixed until 31.7.21 and is available at a loan-to-value (LTV) of 60%. A fee of £999 is payable.

The finer details…

Second-time buyers and landlords who are looking to remortgage their rental property are welcome to apply for this deal, provided they have a 40% deposit. All borrowers can benefit from an incentive package of free valuation (max £999), while remortgagors can also profit from help towards costs.

Repayment flexibility is also offered, with overpayments of up to 10% of the outstanding balance being welcomed.

Why we like it…

By reducing the rate, Leeds BS has upped the ante and made this deal even more competitive. As well as an attractive rate, it also boasts an enticing incentive package as well as a degree of repayment flexibility. As a result, this outstanding product 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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