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Buy-to-Let with Exclusive Connections

Exclusive Connections


BUY-TO-LET MORTGAGES


Type: Fixed rate mortgages for the buy-to-let market.


Fixed terms: Until February 1, 2002 and June 1, 2008.


Fixed rates: 7.59 per cent or 6.99 per cent respectively.


Minimum loan: £25,001.


Maximum loan: Self certification – up to 75 per cent of valuation subject to a maximum of £150,000. Full status – up to 85 per cent of valuation subject to a maximum of £150,000.


Income multiples: 3.25 times principal income plus second or 2.5 times joint plus 50 per cent of gross rental income and 9 per cent of existing mortgage balanced deducted from income before applying multiple.


Arrangement fee: £499.


Redemption fee: Three year – four months&#39 gross interest in first four years. 10-year – four months&#39 gross interest in first 10 years.


Conditions: Life cover required but not assigned. Single property only and no holiday homes.


Introducer&#39s fee: Varies depending on member.


Tel: 01832 272705.

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