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Aldermore Mortgages – 4.98% Term Variable Rate Buy-To-Let Mortgage

Aldermore Mortgages – 4.98% Term Variable Rate Buy-To-Let Mortgage

Type: Variable rate buy-to-let mortgage

Term: Life of loan

Payable rate: 4.98%

Minimum loan: £50,000

Maximum loan: Up to 70% of valuation subject to a maximum of £600,000

Income multiples: Rental income must be at least 125% of the mortgage repayments calculated at the higher of the pay rate or the reversionary rate

Conditions: Free legal fees for remortgages, available through selected intermediaries and mortgage clubs, up to two properties allowed with Aldermore

Arrangement fee: 1.5% of the original loan

Redemption fee: 3% of the amount repaid in year one, 2% in year two 1% in year three

Introducer’s fee: Refer to lender

Tel: 0333 321 1000                

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