Rate cut means 2-yr fixed BTL deal is outstanding | Product News - Moneyfacts

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Rate cut means 2-yr fixed BTL deal is outstanding

Rate cut means 2-yr fixed BTL deal is outstanding

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 It is now over 6 months old so the content may be out of date.

Marsden Building Society has reduced the price of its two-year fixed rate buy-to-let mortgage by 0.40%, enhancing its position in the Moneyfacts charts and earning it the top rating.

The basics…

This deal now has a highly competitive rate of 3.89% fixed until 31.1.18, the lowest rate offered for its terms. It is available at a loan-to-value (LTV) of 80% and has a fee of £1,995.

The finer details…

This mortgage is open to second-time buyers and those looking to remortgage their rental property. All borrowers can benefit from an incentive package offering free valuation, while remortgagors can also profit from free legal fees.

In terms of repayments, borrowers are given the opportunity to make overpayments of up to 5% of the mortgage advance, giving them some welcome flexibility.

Why we like it…

Landlords hunting for a highly competitive fixed rate buy-to-let deal are likely to pounce on this offer. Its position in the charts has improved thanks to its rate reduction, and it now boasts the market-leading rate for its terms. In addition, this deal also has an enticing incentive package, particularly for remortgagors, ensuring that it fully deserves its 'outstanding' 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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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