Abbey For Intermediaries – Buy-To -Let Two-Year Tracker

Type: Tracker mortgage

Tracker term: Two years

Tracker rate: 3.59% above the Bank of England base rate

Payable rate: 4.09%

Minimum loan: £25,000

Maximum loan: Up to 75% 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: £1,495

Redemption fee: 2% of the amount repaid in the first two years plus repayment of cashback

Introducer¹s fee: Refer to lender