Buy To Let Date:
Hanley Economic Building Society has relaunched its two-year discounted variable rate buy-to-let mortgage, winning it an 'excellent' rating for its eye-catching rate and terms.
This mortgage has a discounted variable rate of 3.29% (1.90% disc), the lowest rate currently offered for its terms. It is available at a loan-to-value (LTV) of 80% and has absolutely no product fees.
Second-time buyers and landlords looking to remortgage their rental property are welcome to apply for this deal. There are no additional incentives offered, but all borrowers are welcome to take advantage of the option to make overpayments of up to 10% of the outstanding balance per annum.
This deal's relaunch has once again established itself in the market thanks to its competitive rate and the absence of any product fees. Landlords who are hunting for a cost-effective deal for their rental property are therefore likely to pay close attention to this offer.
Moneyfacts rating: Excellent
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