Buy To Let Date:
Cumberland Building Society has reduced the price of its two-year fixed rate buy-to-let mortgage by 0.05%, securing its place in the charts and earning it the top accolade as a result.
This mortgage now has a competitive rate of 2.83% fixed until 1.1.18. It is available at a loan-to-value (LTV) of 75% and has a fee of £995.
This deal is available to first-time buyers, second-time buyers and those looking to remortgage their rental property. Although there are no incentives, all borrowers have the option of making overpayments of up to 10% of the outstanding balance.
Landlords looking for a competitive buy-to-let deal are likely to take notice of this latest update. This deal boasts an attractive rate, and the option to make overpayments gives borrowers the potential to reduce their outstanding balance. This is an outstanding product 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 Any products featured may be withdrawn by their provider or changed at any time.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.