Buy To Let Date:
National Counties Building Society has added a new discounted variable rate mortgage to its buy-to-let range, earning an 'excellent' rating for its attractive rate and terms.
This mortgage has a variable discounted rate of 2.99% (2.55% disc) for three years at a loan-to-value (LTV) of 65%, the lowest rate currently available in its sector. A fee of £945 is payable.
This deal is available to first-time buyers, second-time buyers and remortgagors with a 35% deposit. Although there is no incentive package with this mortgage, borrowers are able to make overpayments of up to 10% of the outstanding balance per year, giving them some welcome repayment flexibility.
This deal offers borrowers the lowest rate currently available in its sector, which is certain to attract interest. The added bonus of overpayments also lends this deal a degree of flexibility and gives borrowers the opportunity to pay down their debt more quickly.
Moneyfacts rating: Excellent
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