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BM Solutions – Buy-To-Let 4.8% 2-Year Tracker – Intermediary

BM Solutions – Buy-To-Let 4.8% 2-Year Tracker – Intermediary

Type: Buy-to-let tracker mortgage

Tracker term: Two years

Tracker rate: 4.3% above the Bank of England base rate

Payable rate: 4.8%

Minimum loan: £25,001

Maximum loan: Up to 75% of valuation subject to a maximum of £750,000

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

Conditions: Free remortgage service, up to three properties allowed across the retail division of Lloyds Banking Group within a £2m maximum

Arrangement fee: £2, 249 plus £275 mortgage account fee

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

Introducer’s fee: Refer to lender

Contact: www.bmsolutions.co.uk

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