This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
MM-Cover-Small-210814.jpg
Categories:Mortgages

Mortgage Trust - Buy-To-Let 2-Year Tracker

  • Print
  • Comment

Mortgage Trust - Buy-To-Let 2-Year Tracker

Type: Buy-to-let tracker mortgage

Tracker term: two years

Tracker rate: 3.89% above Libor

Payable rate: 4.99%

Minimum loan: £30,000

Maximum loan: Up to 75% of valuation subject to a maximum of £500,000

Income multiples: Rental income must be at least 125% of the mortgage repayments calculated on an interest-only basis at the rate of 5%

Conditions:  Unlimited overpayments in initial tracker period, up to five properties allowed within a maximum loan of £1m across the Paragon Group, available for properties in England and Wales

Arrangement fee: 2% of the original loan

Redemption fee: 5% of the original loan on full redemption only in the first two years

Introducer’s fee: Refer to lender

Tel: 0845 849 4055

  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

The Money Marketing CPD Centre
Build your annual CPD - you can log and plan your CPD hours for free with The Money Marketing CPD Centre.

Taxbriefs Advantage
Advantage is a digital reference source giving unbiased, independent, answers to your technical queries. Subscribe to Taxbriefs Advantage.

Have your sayEdit my profile/screen name

You must sign in to make a comment

Fund Data

Editor's Pick



Poll

Should the FCA relax pension transfer qualification requirements?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments