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Cheshire Building Society – Buy-To-Let Two Year Fixed

Cheshire Building Society

Buy-To-Let Two Year Fixed

Type: Fixed-rate buy-to-let mortgage

Fixed term: Until October 31, 2007

Fixed rate: 4.85%

Minimum loan: 30,000

Maximum loan: Up to 80% of valuation subject to a maximum of 400,000

Income multiples: Rental income must be at least 130% of the mortgage repayments

Flexible features: Overpayments of up to 5,000 each 12 month period, underpayments, payment holidays, lump sum withdrawals between 500 and 25,000, interest calculated daily

Conditions: Compulsory buildings insurance in first two years, free valuaiton, up to 10 properties allowed within total maximum of 1m

Arrangement fee: 495

Redemption fee: 2% of original loan in year one, 1% in year two

Introducers fee: Refer to lender

Tel: 01625 613612

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