Abbey For Intermediaries – Buy-To-Let Two-Year Fixed Rate

Type: Fixed-rate mortgage

Fixed term: Until April 2, 2014

Fixed rate: 3.39%

Minimum loan: £25,000

Maximum loan: Up to 60% of valuation subject to a maximum of £500,000

Income multiples: Rental income must be greater than 125% of the mortgage
repayments calculated at the rate of 6% on an interest-only basis

Conditions: Capital repayments of up to 10% a year allowed without penalty in the fixed-rate period, homebuyer solution providing fee valuation for properties valued up to £2.5m and £250 cashback

Arrangement fee: 2.5% of the original loan

Redemption fee: 3% of the amount repaid in the first two years plus repayment of £250 cashback

Introducer¹s fee: Refer to lender