Type: Fixed rate buy-to-let mortgage
Fixed term: Three years
Fixed rate: 5.78%
Minimum loan: £50,000
Maximum loan: Up to 75% of valuation subject to a maximum of £200,000, up to
65% of valuation subject to a maximum of £300,000
Income multiples: Rental income must be at least 125% of the mortgage
interest payment and 100% of the repayment on a capital repayment basis
Conditions: Free legal fees for remortgages, available only through 3mc, bds
Mortgage Group, Legal & General, Mortgages For Business, Mortgage
Intelligence, Mortgage Next, Personal Touch, Platinum Options and Pink Home
Loans
Arrangement fee: Up to 75% of valuation – 2.5% of the original loan, up to
70% of valuation – 2%, up to 65% of valuation – 1.5%
Redemption fee: 5% of the amount repaid in year one, 4% in year two, 3% in
year three
Introducer¹s fee: 0.4% of the original loan
Tel: 0333 321 1000
The spate of credit card offers and leaflets that most of us receive through the post or in our daily newspapers, which promise us unlimited spending power and in some cases blank cheques, has threw up a major surprise and that is the way that small businesses are using personal credit cards that you or I use for granted in our daily personal use, to finance their business practices.
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Mortgage