Discounted BTL deal gets top marks | Product News - Moneyfacts

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Discounted BTL deal gets top marks

Discounted BTL deal gets top marks

Category: Buy To Let
Date: 14/01/2016

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 It is now over 6 months old so the content may be out of date.

Principality Building Society has sprung a highly attractive three-year discounted variable buy-to-let mortgage onto the market, earning it the top Moneyfacts rating as a result.

The basics…

This mortgage has a discounted variable rate of 3.20% (1.79% disc) until 28.2.19, the lowest rate currently offered in its sector. It is available at a loan-to-value (LTV) of 75% and, unusually, has absolutely no product fees.

The finer details…

This deal is offered to second-time buyers and those looking to remortgage their rental property. An enticing incentive package of free valuation is offered to all applicants, while remortgagors can also profit from free legal fees.

Why we like it…

This newcomer is bound to attract attention from landlords thanks to its eye-catching rate and the complete absence of any product fees. Enhancing the offer yet further is the appealing incentive package, which should find an audience with remortgagors in particular. 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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