Buy To Let 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.
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.
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.
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
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