‘Excellent’ 3-yr disc BTL mortgage | Product News - Moneyfacts

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‘Excellent’ 3-yr disc BTL mortgage

‘Excellent’ 3-yr disc BTL mortgage

Category: Buy To Let
Date: 16/06/2015

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 It is now over 6 months old so the content may be out of date.

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.

The basics…

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.

The finer details…

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.

Why we like it…

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

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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