‘Excellent’ BTL deal relaunched | Product News - Moneyfacts

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‘Excellent’ BTL deal relaunched

‘Excellent’ BTL deal relaunched

Category: Buy To Let
Date: 08/02/2016

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 It is now over 6 months old so the content may be out of date.

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.

The basics…

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.

The finer details…

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.

Why we like it…

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

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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