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PO increases BTL rates

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PO increases BTL rates

03 Dec 2013 Super

PO increases BTL rates

The Post Office has withdrawn it's fixed rate buy-to-let mortgage products and replaced them with buy-to-let mortgages that are up to 0.40%, leaving the cheapest now priced at 6.29% to 31.7.14.  The Post Office follows the trend of buy-to-let lenders to increase long-term fixed rates despite a recent fall in SWAP rates.

 

FIXED RATE MORTGAGES withdrawn & replaced. NEW FIXED RATE MORTGAGES for direct business, second time buyers & remortgages only: 6.59% to 31.7.12, max 75%, fee £599; 6.49% to 31.7.14, max 75%, fee £599, both have incentives for remortgages of free legal fees & free valuation; 6.39% to 31.7.12, max 75%, fee £599; 6.29% to 31.7.14, max 75%, fee £599. W.e.f. 13.7.09.

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