Buy To Let Date:
Post Office Money has introduced a three-year fixed rate buy-to-let mortgage deal to its range, which has earned the highest Moneyfacts rating thanks to its highly competitive terms.
This mortgage has a rate of 2.79% fixed until 31.12.18, a market-leading rate for its terms. It is available at a loan-to-value (LTV) of 60% and has a fee of £1,495.
This deal is available to second-time buyers and landlords who are looking to remortgage their rental property. There is no accompanying incentive package, but all borrowers get the opportunity to make overpayments of up to 10% of the outstanding balance per annum.
This newcomer has moved straight to the top of the charts thanks to its eye-catching rate and terms, so landlords on the lookout for a competitive fixed rate deal are likely to be intrigued. The fact that it also gives borrowers the chance to reduce their balance via overpayments gives it some additional flexibility. This is an outstanding product that fully deserves the highest Moneyfacts rating.
Moneyfacts rating: Outstanding
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