Buy To Let 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.
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 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.
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.
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