Buy To Let Date:
Woolwich for Barclays has introduced a two-year variable tracker buy-to-let mortgage to the market and taken the competition by storm, thanks to its highly competitive rate and terms.
This mortgage has an attractive variable tracker rate of 1.93%, the joint market-leading rate in its sector. It is available at a loan-to-value (LTV) of 60% and has a fee of £1,499.
All borrowers in possession of a 40% deposit are welcome to apply for this mortgage. Those looking to remortgage their rental property can benefit from a generous incentive package of free valuation and the choice of either free legal fees or a £200 rebate upon completion.
This newcomer has certainly made its mark thanks to its eye-catching rate. Landlords who are looking to remortgage their rental property are likely to be especially drawn to this deal thanks to its highly enticing incentive package.
Moneyfacts rating: Excellent
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