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Loughborough launches discounted BTL deal

Loughborough launches discounted BTL deal

Category: Buy To Let

Updated: 12/02/2013
First Published: 12/02/2013

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Loughborough Building Society has launched a competitive variable rate buy-to-let-mortgage for investors with at least a 25% deposit.

The basics…

At 3.99% for three years, this product includes a discount of 1.00% off the society's standard variable mortgage rate, currently 4.99%.

It charges a reasonable fee of £899 and the maximum advance is £200,000.

The finer details….

This variable rate mortgage is only available for direct business.

Why we like it….

For investors looking for a variable rate 75% loan-to-value mortgage, this product is the cheapest both on rate and fee.

Four out of five Moneyfacts stars have been awarded.

What Next?

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 Any products featured may be withdrawn by their provider or changed at any time.