‘Excellent’ discounted BTL deal for locals | Product News - Moneyfacts

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‘Excellent’ discounted BTL deal for locals

‘Excellent’ discounted BTL deal for locals

Category: Buy To Let
Date: 21/07/2015

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 It is now over 6 months old so the content may be out of date.

Monmouthshire Building Society has added a new two-year discounted buy-to-let mortgage to its range, securing it an 'excellent' rating thanks to its attractive terms.

The basics…

This two-year mortgage has a discounted variable rate of 2.05% (2.94% disc), the lowest rate currently available in its sector. It is offered at a loan-to-value (LTV) of 60% and has a fee of £549.

The finer details…

This deal is only open to house purchase customers (excluding first-time buyers) who are local residents of the building society. Although there is no incentive package with this mortgage, borrowers are given the opportunity to make overpayments of up to 5% of the outstanding balance per annum.

Why we like it…

Local landlords are likely to be intrigued by this latest deal. The rate offered is the lowest currently available in its sector and it boasts a competitive fee. The opportunity to pay down the mortgage balance is also an attractive feature.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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