Buy To Let 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.
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.
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.
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
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