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Accord Mortgages – Two-Year Fixed rate Buy-To-Let

Accord Mortgages – Two-Year Fixed rate Buy-To-Let

Type: Fixed-rate buy-to-let mortgage

Fixed term:Until September 30, 2013

Fixed rate: 4.59%

Minimum loan: £50,000

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 at a rate of 5%

Flexible features: Overpayments, underpayments, payment holidays, interest calculated daily

Conditions: Capital repayments of up to 10% a year allowed without penalty, available only through London & Country and The Buy to Let Business, available only for properties in London and the South East, up to three properties allowed within a total maximum of £1m and up to 10 properties allowed across all lenders

Arrangement fee: £995

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

Introducer’s fee: Refer to lender

Contact: www.accordmortgages.com

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