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

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New 2-yr fixed BTL deal jumps into the charts

New 2-yr fixed BTL deal jumps into the charts

Category: Buy To Let
Date: 07/06/2016

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 It is now over 6 months old so the content may be out of date.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 launched a competitive two-year fixed buy-to-let (BTL) deal onto the market, earning it an 'excellent' rating and a coveted chart place in the process.

The basics…

This deal has a competitive rate of 2.28% fixed until 31.7.18, enabling it to stake a solid claim to a chart place. It is available at a loan-to-value (LTV) of 70% and has a fee of £1,995.

The finer details…

Second-time borrowers and landlords who are looking to remortgage their rental property are welcome to apply for this deal and can benefit from an incentive package of free valuation. Remortgagors can also benefit from free legal fees. Taking out this deal also gives the borrower the opportunity to make overpayments of up to 10% of the outstanding balance.

Why we like it…

This newcomer is bound to attract attention thanks to its competitive rate and appealing incentive package. Landlords who are looking for an attractive short-term deal are also likely to welcome the option to make overpayments, which gives them a degree of repayment flexibility.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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