New 3-yr fixed BTL mortgage gets full marks | Product News - Moneyfacts

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New 3-yr fixed BTL mortgage gets full marks

New 3-yr fixed BTL mortgage gets full marks

Category: Buy To Let
Date: 16/06/2016

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 It is now over 6 months old so the content may be out of date.

Leek United Building Society has launched a three-year fixed rate buy-to-let (BTL) mortgage onto the market, scooping an 'outstanding' rating thanks to its eye-catching rate and terms.

The basics…

This mortgage has a highly competitive rate of 2.64% fixed until 31.10.19, the lowest rate currently available for its terms. It is offered at a loan-to-value (LTV) of 75% and has a fee of £995.

The finer details…

Second-time buyers and those looking to remortgage their rental property are welcome to apply for this deal, which refunds valuation fees for properties worth up to £500,000 as well as paying a £250 rebate upon completion. Landlords will also be pleased to see that overpayments of up to 10% of the mortgage advance are permitted every year, giving borrowers the chance to pay down their outstanding balance.

Why we like it…

This new launch will certainly catch the attention of landlords who are looking for a highly competitive BTL mortgage. Boasting the lowest rate for its terms, this deal also comes with an attractive incentive package, which will help to minimise any upfront costs. In short, this is an outstanding product that fully deserves the highest Moneyfacts rating.

Moneyfacts rating: Outstanding

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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