Post Office Money 3-yr fixed BTL mortgage | Product News - Moneyfacts

Product News

Post Office Money 3-yr fixed BTL mortgage

Post Office Money 3-yr fixed BTL mortgage

Category: Buy To Let
Date: 16/10/2015

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 It is now over 6 months old so the content may be out of date.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

The basics…

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.

The finer details…

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.

Why we like it…

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

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
Close