Melton Mowbray launches low rate BTL mortgage | Product News - Moneyfacts

Product News

Melton Mowbray launches low rate BTL mortgage

Melton Mowbray launches low rate BTL mortgage

Category: Buy To Let
Date: 21/01/2014

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 It is now over 6 months old so the content may be out of date.

Melton Mowbray BS has returned to the buy-to-let sector, launching a new 60% loan-to-value (LTV) discounted variable rate mortgage for investors.

The basics…

This new discounted variable rate mortgage, priced at 2.79% APR for three years, is available to BTL customers who have a deposit of at least 40%.

The finer details…

The product is offered with a very low fee of £598 and includes an incentive package for remortgage customers of free legal fees.

Why we like it…

This is now the lowest three-year discount available which, coupled with the very low fee, makes this an attractive proposition for the borrower with a 40% deposit.

Four Moneyfacts Stars have been awarded.

What next?

Find a buy to let mortgage.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
Close