Discounted BTL deal gets top rating | Product News - Moneyfacts

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Discounted BTL deal gets top rating

Discounted BTL deal gets top rating

Category: Buy To Let
Date: 25/06/2015

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 It is now over 6 months old so the content may be out of date.

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.

The basics…

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.

The finer details…

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.

Why we like it…

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

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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