Buy To Let Date:
Post Office Money has introduced a new three-year fixed rate buy-to-let mortgage to the market, earning a coveted place in the Moneyfacts charts for its appealing rate and terms.
This mortgage has an attractive rate of 3.49% fixed until 31.12.18, enabling it to take a place in the charts. It is available at a loan-to-value (LTV) of 75% and has a fee of £995.
Second-time buyers and those looking to remortgage their rental property are welcome to apply for this deal, provided they have a deposit of 25%. There are no incentives offered, but all borrowers have the opportunity to reduce their balance by making regular or lump sum overpayments of up to 10% of the outstanding balance.
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 new deal has gone straight into the charts, and with good reason. It offers landlords an attractive rate but also gives them a degree of flexibility thanks to the option of making overpayments. This deal is therefore likely to be a popular choice among landlords hunting for a competitive short-term mortgage.
Moneyfacts rating: Excellent
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