Buy To Let Date:
Woolwich from Barclays has increased the arrangement fees on its two-year tracker buy-to-let mortgages. However, one of its two-year deals has kept its place on the Moneyfacts charts thanks to its competitive terms.
This two-year deal has a competitive variable tracker rate of 2.69%. It is available at a loan-to-value (LTV) of 60% and an arrangement fee of £1,499 is payable.
This offer is available to first-time buyers, second-time buyers and remortgagors with a 40% deposit. Those looking to remortgage can benefit from an incentive package of a £200 rebate, free valuation and free legal fees.
Although this mortgage has received a fee increase, the rate offered is still a competitive one. As a result, this mortgage is likely to catch the eye of landlords, particularly those looking to remortgage as they will be able to benefit from a very generous incentive package.
Four Moneyfacts Stars have been awarded.
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 Any products featured may be withdrawn by their provider or changed at any time.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.