Buy To Let Date:
Loughborough Building Society has added a new two-year discounted variable deal to its buy-to-let range, securing it a place on the Moneyfacts charts.
This deal has a discounted variable rate of 2.79% (2.20% disc) for two years, which allows it to sit comfortably on the charts. It is available at a loan-to-value of 75% and has a low fee of just £499.
This mortgage is open to landlords with a 25% deposit. Although there are no incentives accompanying this deal, all borrowers can benefit from the flexibility of overpayments, with up to 10% of the outstanding balance being permitted in overpayments per year.
This newcomer on the market boasts an attractive rate, which is likely to intrigue landlords on the lookout for a competitive deal. The low fee adds to its charm by helping to reduce upfront costs, while the option to make overpayments gives borrowers some refreshing flexibility.
Moneyfacts rating: Excellent
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