New 3-yr fixed BTL deal takes a chart place | Product News - Moneyfacts

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New 3-yr fixed BTL deal takes a chart place

New 3-yr fixed BTL deal takes a chart place

Category: Buy To Let
Date: 09/09/2015

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 It is now over 6 months old so the content may be out of date.

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.

The basics…

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.

The finer details…

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.

Why we like it…

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

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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