Melton Mowbray BS re-launches variable deal | Product News - Moneyfacts

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Melton Mowbray BS re-launches variable deal

Melton Mowbray BS re-launches variable deal

Category: Buy To Let
Date: 05/04/2013

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 It is now over 6 months old so the content may be out of date.

A reshuffle of its variable rate mortgages has seen the three-year discount deal from Melton Mowbray Building Society assert its presence in the best buy tables.

The basics…

A variable rate of 3.69% for three years is offered (1.30% discount) to investors with deposits of 25% and over.

The finer details….

Purchase and remortgage borrowers can borrow a minimum of £25,000 and an arrangement fee of £998 is payable, of which £399 is required upfront.

Overpayments of up to 10% of the outstanding balance can be made per year.

Why we like it….

Available directly or via intermediaries, this new deal should appeal to investors looking for a competitive variable rate. Four out of five Moneyfacts Stars have been awarded.

What next?

Speak to a BTL mortgage adviser
Read our buy to let investment risk guide
Compare BTL mortgages for new landlords

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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