New discounted BTL mortgage launched | Product News - Moneyfacts

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New discounted BTL mortgage launched

New discounted BTL mortgage launched

Category: Buy To Let
Date: 05/03/2015

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 It is now over 6 months old so the content may be out of date.

Hanley Economic Building Society has relaunched a competitive two-year discounted buy-to-let mortgage, which has claimed an 'excellent' rating for its enticing rate and terms.

The basics…

This mortgage has a variable rate of 2.75% for two years (2.44% discount). It is available at a loan-to-value (LTV) of 75% and has absolutely no product fees.

The finer details…

This deal is only available to second-time buyers and remortgagors with a 25% deposit. Although there are no incentives with this mortgage, it is possible to make overpayments of up to 10% of the outstanding balance, giving borrowers some welcome repayment flexibility.

Why we like it…

This mortgage is an attractive deal and boasts a competitive rate. Landlords are also likely to appreciate the absence of any fees and the flexibility of being able to make overpayments.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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