New 2-yr BTL deal heads into the charts | Product News - Moneyfacts

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New 2-yr BTL deal heads into the charts

New 2-yr BTL deal heads into the charts

Category: Buy To Let
Date: 24/06/2015

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 It is now over 6 months old so the content may be out of date.

Post Office Money has unveiled a new two-year buy-to-let mortgage, stealing a coveted place on the Moneyfacts charts thanks to its competitive terms.

The basics…

This mortgage has a rate of 2.75% fixed until 30.9.17, enabling it to take a place in the charts. It is available at a loan-to-value (LTV) of 75% and has a fee of £1,495.

The finer details…

This deal is open to second-time buyers and remortgagors with a 25% deposit. All borrowers can benefit from an incentive package of free valuation, while those looking to remortgage can also profit from the offer of free legal fees.

Some repayment flexibility is also offered with this mortgage; overpayments of up to 10% of the outstanding balance are permitted each year, giving borrowers the opportunity to pay off their loan more quickly.

Why we like it…

This deal is a good all-round product, boasting an attractive rate as well as a generous incentive package, particularly for remortgagors. The ability to make overpayments also sweetens the deal, ensuring that it fully deserves a place in the charts.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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