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Wednesday, October 21, 2009

Post office launches - best fixed rate 75% according to moneyfacts

According to financial comparison site moneyfacts the latest buy-to-let mortgage from the Post Office merits an impressive four out of five stars.

The Post Office has launched a range of new fixed rate mortgages for second time buyers and remortgages.

The product which stands out from this new range is for 6.69% fixed to 31.12.14, with a maximum loan-to-value of 75% and an exceptionally low fee of £599.

This buy-to-let mortgage is the cheapest deal available at the 75% LTV level and the small fee should add further to its appeal.

The launch comes at a time when the FSA has set out proposals to regulate buy-to-let mortgages which were previously unregulated being considered as a commercial rather than consumer financial product.

Any additional regulation will in our view result in more expensive finance and a more limited choice of buy-to-let products.








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