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Cheltenham & Gloucester – Two Year Buy-To-Let Fixed – Intermediary Exclusive

Cheltenham & Gloucester

Two Year Buy-To-Let Fixed – Intermediary Exclusive

Type: Fixed-rate buy-to-let mortgage

Fixed term: Until February 28, 2009

Fixed rate: 5.49%

Minimum loan: £25,000

Maximum loan: Up to 85% of valuation subject to a maximum of £1,499,999

Income multiples: Rental income must be at least 125% of mortgage
repayments or based on client’s income plus 50% of rental income

Conditions: Up to nine properties allowed within a total maximum of £5m, free valuation for remortgages on properties valued less than £2m

Arrangement fee: £999

Redemption fee: 3% of the amount repaid in year one, 2% in year two

Introducer’s fee: 0.3% of the original loan subject to a £150 minimum

Tel: 01452 373187

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