Buy To Let Date:
Furness BS has launched a new discounted variable rate buy-to-let (BTL) mortgage, which has been deemed competitive enough to earn a high Moneyfacts rating.
This mortgage is priced at 1.99% (collared at 1.99%; 3.30% disc) for two years, at 75% loan-to-value. It comes with an arrangement fee of £1,495.
The finer details…
The deal is offered to second-time buyers and landlords who wish to remortgage their rental property, provided they have the necessary deposit. It comes with an incentive package for remortgagors that includes free valuation fees (max £335) as well as either free legal fees for remortgagors in England and Wales or £150 towards legal fees for remortgagors elsewhere in the UK. It furthermore includes the option to make overpayments by lump sum or regular methods of up to 10% of the outstanding balance.
Why we like it…
Due to its competitive rate and generous incentives, this BTL mortgage has comfortably earned its high rating.
Moneyfacts rating: Excellent
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