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New BTL mortgage rushes to the top spot

New BTL mortgage rushes to the top spot

Category: Buy To Let
Date: 11/10/2016

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 It is now over 6 months old so the content may be out of date.

Barclays Mortgage has launched a new five-year fixed rate buy-to-let (BTL) mortgage deal, which boasts the lowest rate for its terms and has therefore easily taken over the number one spot in the Best Buys chart for its sector, as well as the highest Moneyfacts rating.

The basics…

The mortgage boasts a rate of 2.49%, fixed to 31.12.21. It's available at 65% loan-to-value (LTV), with a fee of £1,990.

The finer details…

The deal is offered to all landlords with the necessary deposit. It includes a generous incentive package for those looking to remortgage their rental property, consisting of free valuation fees as well as a choice of £200 cashback or free legal fees.

Why we like it…

Due to its market-leading rate, this BTL mortgage easily manages to rise all the way to the top of the chart for its sector. Its incentives make the deal especially attractive to landlords wishing to remortgage, and certainly worthy of the highest rating.

Moneyfacts rating: Outstanding

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

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