View more on these topics

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

Recommended

UK pension system ranked sixth in EU

Aon Consulting has ranked the UK pension system as the sixth-best in the European Union for the second year running because of the strength of the private pension system and higher average retirement age. Denmark was top followed by Estonia and Ireland.

Reit generation

The introduction of Reits next year comes as investors seek diversification away from equities and gilts.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment