Abbey For Intermediaries - Buy-To -Let Two-Year Tracker
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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
Contact: www.abbeyforintermediaries.com
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