New 3-yr fixed BTL deal sits at the top of the cha | Product News - Moneyfacts

Product News

New 3-yr fixed BTL deal sits at the top of the cha

New 3-yr fixed BTL deal sits at the top of the cha

Category: Buy To Let
Date: 15/12/2015

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 It is now over 6 months old so the content may be out of date.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 introduced a new three-year fixed rate buy-to-let (BTL) mortgage to its range, earning it a coveted place on the Moneyfacts charts thanks to its competitive rate and terms.

The basics…

This mortgage has a rate of 2.68% fixed until 31.3.19, the lowest rate currently available for its term. It is available for a loan-to-value (LTV) of 60% and has a fee of £1,995.

The finer details…

This deal is for second-time buyers and those looking to remortgage their rental property. There are no incentives available, but landlords can benefit from the option to make regular and lump sum repayments of up to 10% of the outstanding balance per annum.

Why we like it…

This newcomer has made its presence known thanks to its eye-catching rate. Landlords who are looking for a competitive deal are therefore likely to pay a great deal of attention to this mortgage, particularly as it also gives them the flexibility to make overpayments.


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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
Close