‘Excellent’ BTL mortgage launched | Product News - Moneyfacts

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‘Excellent’ BTL mortgage launched

‘Excellent’ BTL mortgage launched

Category: Buy To Let
Date: 12/02/2015

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 It is now over 6 months old so the content may be out of date.

Leeds Building Society has added to its buy-to-let mortgage range with a new five-year deal, which has earned an 'excellent' review for its attractive terms.

The basics…

This mortgage is a stepped product: it has a fixed rate of 3.34% until 30.4.18, after which a discounted variable rate of 4.99% (1.00% disc) will apply until 30.4.20. It is available at a loan-to-value (LTV) of 70% and has a low fee of just £199.

The finer details…

This deal is only open to second-time buyers and remortgagors with a 30% deposit. All borrowers can profit from an incentive package of free valuation (max £560), while those looking to remortgage their rental property can also benefit from additional help towards costs.

Overpayments of up to 10% of the outstanding balance are permitted, giving borrowers some welcome flexibility over their repayments.

Why we like it…

This new deal is an appealing one thanks to its competitive rate, low fee and generous help with set-up costs. Remortgagors in particular will benefit from the enticing incentive package, which will be ideal for those who are looking to keep their initial costs down.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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