Outstanding BTL mortgage gets a rate cut | Product News - Moneyfacts

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Outstanding BTL mortgage gets a rate cut

Outstanding BTL mortgage gets a rate cut

Category: Buy To Let
Date: 23/10/2015

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 It is now over 6 months old so the content may be out of date.

Principality Building Society has reduced the price of its two-year fixed rate buy-to-let (BTL) mortgage by 0.15%, enabling it to hold on to its competitive place in the Moneyfacts charts and earn the top rating.

The basics…

This deal now has a highly competitive rate of 2.10% fixed for two years, which allows it to sit just behind the current market-leader of its sector. It is available at a loan-to-value (LTV) of 60% and has a fee of £1,094.

The finer details…

This mortgage is available to second-time borrowers and those looking to remortgage their rental property. There are no incentives or flexible repayment options offered, so borrowers must weigh up this lack of flexibility with the benefits of the great rate.

Remember, in order to secure a mortgage, credit card or personal loan you need to have a good credit rating. To find out if yours has a clean bill of health, contact a credit check provider, such as Experian CreditExpert to investigate your credit report.

Why we like it…

This mortgage offers landlords a truly competitive rate, which is sure to merit it a great deal of attention from those looking for an attractive short-term buy-to-let deal. This is an outstanding mortgage that fully deserves the highest Moneyfacts rating.

Moneyfacts rating: Outstanding

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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