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Categories:Mortgages

Mortgage Trust - Buy-To-Let 3-Year Fixed Rate

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Mortgage Trust - Buy-To-Let 3-Year Fixed Rate

Type: Fixed-rate buy-to-let mortgage

Fixed term: Until March 31, 2015

Fixed rate: 5.49%

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 pay rate

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

Arrangement fee: 3% of the original loan

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

Introducer’s fee: Refer to lender

Tel: 0845 849 4055

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