TBMC - Hinckley & Rugby 3.25% Two-Year Discounted Buy-to-Let

13 February 2012 12:34 pm

Type: Discounted-rate buy-to-let mortgage

Discounted term: Two years

Discount: 2.39%

Payable rate: 3.25%

Minimum loan: £25,000

Maximum loan: Up to 60% of valuation subject to a maximum of £300,000

Income multiples: Rental income must be at least 135% of the mortgage repayments calculated at the pay rate on an interest-only basis

Conditions: Free valuation for properties valued up to £1m, available for properties in England and Wales, up to four properties allowed with Hinckley & Rugby

Arrangement fee: £250 plus £999 completion fee

Redemption fee: None

Introducer’s fee: 0.25% of the original loan

Tel: 029 2069 5400

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