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Principality BS fills gap in BTL sector

Principality BS fills gap in BTL sector

Category: Mortgages

Updated: 16/12/2009
First Published: 16/12/2009

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 It is now over 6 months old so the content may be out of date.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 BS has spotted a gap in the relatively sparse variable rate buy-to-let mortgage market and decided to fill it.

Its two new variable tracker rate products cater for most needs: one has a lower rate and a higher fee, the other has a slightly higher rate with a lower fee.

The lowest rate is priced at 3.69% to 31 January 2012 and has a fee of 3.5% of advance.

It is only available up to 60% loan-to-value, but it is open to first and second time buyers as well as for remortgage.

Being the lowest rated product for its term, four out five Moneyfacts stars are well deserved.

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 Any products featured may be withdrawn by their provider or changed at any time.