‘Excellent’ BTL deal for remortgagors | Product News - Moneyfacts

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‘Excellent’ BTL deal for remortgagors

‘Excellent’ BTL deal for remortgagors

Category: Buy To Let
Date: 13/11/2015

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 It is now over 6 months old so the content may be out of date.

Cumberland Building Society's three-year fixed rate buy-to-let deal for remortgagors has earned an 'excellent' rating for its attractive rate and terms.

The basics…

This deal has a competitive rate of 3.45% fixed until 1.1.19. It is available at a loan-to-value (LTV) of 75% and has a fee of £995.

The finer details…

This mortgage is only open to landlords who are looking to remortgage their rental property with a deposit of 25%. It is accompanied by an enticing incentive package of free valuation (max £300) and a £250 rebate upon completion, which will appeal to landlords who are looking to keep upfront costs down.

In addition, borrowers are also permitted to make overpayments of up to 10% by regular or lump sum.

Remember, in order to secure a mortgage, credit card or personal loan you need to have a good credit rating. To find out if yours has a clean bill of health, contact a credit check provider, such as Experian Credit Expert to investigate your credit report.

Why we like it…

Landlords who are hunting for a competitive remortgage deal are likely pay close attention to this offer. It boasts a competitive rate but also comes with a generous incentive package, which improves its cost-effectiveness. Finally, the option to make overpayments gives landlords the opportunity to reduce their outstanding balance.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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