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Categories:Mortgages

Mansfield Building Society - 3-Year Discounted-Rate Buy-To-Let

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Mansfield Building Society - 3-Year Discounted-Rate Buy-To-Let

Type: Discounted- rate buy-to-let mortgage

Discounted term: Three years

Discount: 1.79%

Payable rate: 3.8%

Minimum loan: £35,000

Maximum loan: Up to 70% of valuation subject to a maximum of £300,000

Income multiples: Rental income must be at least 130% of the monthly mortgage interest calculated at the pay rate

Conditions:  Capital repayments of up to 10% a year allowed without penalty in the discount period, available direct and through intermediaries, available for properties in England and Wales, up to five properties allowed within a total maximum of £500,000

Arrangement fee: £799

Redemption fee: 3% of the original loan in the first three years

Introducer’s fee: 0.3% of the original loan subject to a £1,000 maximum

Tel: 01623 676360

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