Skipton Building Society - 3-Year Fixed Rate Buy-to-Let to 70% LTV

16 February 2012 0:56 am

Type: Fixed-rate buy-to-let mortgage

Fixed term: Until April 30, 2015

Fixed rate: 4.29%

Minimum loan: No minimum

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 calculated at 6%

Flexible features: Overpayments, payment holidays, interest calculated daily

Conditions:  Capital repayments of up to 10% a year allowed without penalty in the fixed-rate period, one free valuation up to £615 and free standard legal fees for remortgages, up to five properties allowed within the Skipton group  within a total maximum of £1m, up to 10 properties allowed across all lenders

Arrangement fee: £1,050 completion fee plus £245 application fee

Redemption fee: 4% of amount repaid in the first two years plus interest to the end of the month

Introducer’s fee: Subject to negotiation

Tel: 0800 87 66 010

If you enjoyed this article, sign up here to receive daily email updates from Money Marketing and Follow @_moneymarketing