Abbey Buy-To-Let mortgage range re-launched
www.moneynews.co.uk > Mortgages > Abbey Buy-To-Let mortgage range re-launched
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Money News |
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Abbey Buy-To-Let mortgage range re-launched
Mon 24th Apr 2006
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For landlords owning up to and including five properties, there are two three-year fixed-rate options available, with a rate of 5.59 per cent with no booking fee or 5.24 per cent with a £499 fee.
The latter of the two is the best deal of its kind available on the high street, according to Abbey.
Both of these packages have a maximum loan-to-value (LTV) of 75 per cent, free valuation and £250 cashback.
A three-year tracker deal is also available, at 5.04 per cent, with a £499 booking fee and a maximum LTV of 75 per cent.
The Abbey Buy-to-Let mortgage range also offers these products to landlords with six properties or more, with rates of 5.54 and 5.34 per cent on the fixed-rate deals and 5.14 per cent on the tracker option and a maximum LTV of 85 per cent on all packages.
"In our autumn trading update we said we wanted to expand into areas where we felt there is significant opportunities for growth, such as buy-to-let, and now we're delivering what we promised," said Paula Ickinger, product executive, mortgage and loans at Abbey.
"Abbey has a great range with low rates, free valuation fees and £250 cashback."
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