Post Office BTL mortgage goes to the top | Product News - Moneyfacts

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Post Office BTL mortgage goes to the top

Post Office BTL mortgage goes to the top

Category: Buy To Let
Date: 18/12/2014

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 It is now over 6 months old so the content may be out of date.

Post Office has unveiled a new buy-to-let mortgage, which has soared straight to the top of the Moneyfacts charts for its competitive terms.

The basics…

This deal has a market-leading rate of 2.44% to 31.3.17, available at a loan-to-value of 60%. A competitive fee of £995 is payable.

The finer details…

The mortgage is open to second-time buyers and remortgagors with a 40% deposit. An incentive package of free valuation is offered to all borrowers, while those looking to remortgage can also benefit from free legal fees.

All borrowers can make overpayments of up to 10% of the outstanding balance, which grants them some repayment flexibility.

Why we like it…

This deal tops the leaderboard in its sector for its competitive rate, which is sure to give landlords pause for thought. It also benefits greatly from an ample incentive package and the option to make overpayments.

Four Moneyfacts Stars have been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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