Buy To Let Date:
HSBC has launched a three-year fixed rate buy-to-let mortgage onto the market, securing it a prized place on the Moneyfacts charts thanks to its competitive rate and terms.
This mortgage has a competitive rate of 3.89% fixed until 30.11.18. It is available at a loan-to-value (LTV) of 75% and has a fee of £999.
This deal is available to all landlords with a deposit of 25%. There is no incentive package accompanying the mortgage, but borrowers can take advantage of the option of overpaying up to 20% of the outstanding balance per annum, giving them the chance to reduce their mortgage term.
This newcomer is likely to attract some interest from landlords on the hunt for a competitive fixed rate deal thanks to its appealing rate. The fact that it has a reasonable fee and allows overpayments also adds to its attraction, ensuring that it deserves its place on the charts.
Moneyfacts rating: Excellent
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