Buy To Let Date:
Principality Building Society has introduced a two-year discounted variable rate mortgage to its buy-to-let range, securing it an 'outstanding' rating thanks to its highly competitive terms.
This deal has a variable rate of 2.50% (2.49% disc) until 31.7.17. It is available at a loan-to-value (LTV) of 60% and comes with an exceptionally low fee of £99.
This mortgage is available to landlords with a 40% deposit. All borrowers can benefit from an incentive package of free valuation, while those looking to remortgage their rental property can also profit from free legal fees.
Not only does this deal offer landlords a competitive rate, but it also has the advantage of carrying a very low fee, which when combined with the incentive package, makes this a highly attractive and cost-effective option. This is an outstanding product that fully deserves the highest Moneyfacts rating.
Moneyfacts rating: Outstanding
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