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Principality BS launches discount buy-to-let rate

Principality BS launches discount buy-to-let rate

Category: Buy To Let

Updated: 25/01/2013
First Published: 25/01/2013

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 It is now over 6 months old so the content may be out of date.

Principality Building Society has launched a competitive variable discount rate available to buy-to-let investors with deposits of 75% and over.

The basics…

This deal offers a variable rate of 3.99% (1.00% discount) to 28.2.15, with a maximum loan-to-value (LTV) of 75%.

The finer details….

An arrangement fee of £999 is payable, £99 of which must be paid upfront.

Purchase borrowers will receive a free valuation, whilst those remortgaging are offered the additional incentive of free legal fees.

Why we like it….

This two-year deal offers a good all-round mortgage package to landlords and investors. Four out of five Moneyfacts stars have been awarded.

What next?
Compare BTL mortgages for new landlords
Speak to a BTL mortgage adviser

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 Any products featured may be withdrawn by their provider or changed at any time.