New BTL deal goes straight to the top | Product News - Moneyfacts

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New BTL deal goes straight to the top

New BTL deal goes straight to the top

Category: Buy To Let
Date: 16/03/2016

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 It is now over 6 months old so the content may be out of date.

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.

The basics…

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.

The finer details…

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.

Why we like it…

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

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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