NatWest Intermediary Solutions - Buy-To-Let Two-Year Tracker

5 March 2010 5:59 am

Type: Buy-to-let tracker mortgage

Tracker term: Until March 31, 2012

Tracker rate: 4.49% above the Bank of England base rate

Payable rate: 4.99%

Minimum loan: £15,000

Maximum loan: Up to 70% of valuation subject to a maximum of £500,000

Income multiples: Rental income must be at least 125% of the mortgage repayments

Conditions: Capital repayments pf up to 10% a year allowed without penalty, up to 10 properties allowed within a total maximum of £3.5m

Arrangement fee: £1,999

Redemption fee: 3% of the amount repaid in the first two years

Introducer’s fee: Refer to lender

Tel: 08459 001110

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