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Furness’ new discounted variable BTL mortgage

Furness’ new discounted variable BTL mortgage

Category: Buy To Let
Date: 07/03/2017

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 It is now over 6 months old so the content may be out of date.

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.

The basics…

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

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
 
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