Buy To Let 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.
A variable rate of 3.69% for three years is offered (1.30% discount) to investors with deposits of 25% and over.
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.
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.
Speak to a BTL mortgage adviserRead our buy to let investment risk guideCompare BTL mortgages for new landlords
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