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Chelsea Building Society – Buy-To-Let Tracker Mortgage

Chelsea Building Society

Buy-To-Let Tracker Mortgage

Type: Discounted-rate buy-to-let tracker mortgage

Discounted term: Two years

Discount: 1.06%

Tracker term: Lifetime of loan

Tracker rate: 1.95% above Bank of England base rate

Minimum loan: 35,000

Maximum loan: Up to 80% of valuation subject to a maximum of 300,000, up to 75% of valuation subject to a maximum of 400,000, up to 70% of valuation subject to a maximum of 500,000, up to 65% of valuation subject to a maximum of 600,000
Income multiples: Rental income must be at least 120% of mortgage repayments

Arrangement fee: 495 plus 245 administration fee

Redemption fee: 5% of amount repaid in year one, 4% in year two

Introducers fee: Subject to negotiation

Tel: 08702 404808

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