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Alliance & Leicester – Three Year Fixed Rate Buy To Let

Alliance & Leicester

Three Year Fixed Rate Buy To Let

Type: Fixed-rate buy-to-let mortgage

Fixed term: Until September 30, 2009

Fixed rate: Up to 85% of valuation – 5.49%, up to 75% of valuation – 5.69%

Minimum loan: £26,000

Maximum loan: Up to 85% of valuation subject to a maximum of £500,000

Income multiples: Rental income must be at least 115% of mortgage repayments

Conditions: Up to 10 properties allowed within a total maximum of £1m, free basic valuation, £250 cash back for remortgages
Arrangement fee: £699

Redemption fee: 6% of mortgage balance in first two years, 5% in year three

Introducer’s fee: Subject to negotiation

Tel: 0870 0100657

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