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BM Solutions – Buy-To-Let 5-year 5.59% Fixed Intermediary

BM Solutions – Buy-To-Let 5-year 5.59% Fixed Intermediary

Type: Fixed-rate buy-to-let mortgage

Fixed term: Until June 1, 2013

Fixed rate: 5.57%

Minimum loan: £25,001

Maximum loan: Up to 75% of valuation subject to a maximum of £1m

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

Conditions: Up to three properties allowed within a total maximum of £2m across the HBOS Group

Arrangement fee: 3of the original loan plus £275 mortgage account fee

Redemption fee: 5% of the amount repaid in year one, 4% in year two, 3% in years three to five

Introducer’s fee: 0.36% of the original loan for direct applications,  up to 0.48% of the original loan through mortgage clubs and networks, all fees subject to a £200 minimum

Tel: 0845 850 5000

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