Buy To Let 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.
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.
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.
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
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