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Coventry Building Society -Buy-to-Let 5.89% Fixed

Coventry Building Society

Buy-to-Let 5.89% Fixed

Type: Fixed-rate buy-to-let mortgage

Fixed term: Until March 31, 2008

Fixed rate: 5.89%

Minimum loan: 25,001

Maximum loan: Up to 85% of valuation subject to a maximum of 300,000, up to 80% of valuation subject to a maximum of 350,000, up to 75% of valuation subject to a maximum of 500,000

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

Conditions: Capital repayments of up to 5% a year allowed without penalty, up to five properties allowed within a 1m maximum, discounted legal fees of 285 if the societys solicitor is used

Arrangement fee: 475 plus 250 booking fee

Redemption fee: 2% of amount repaid until March 31, 2008

Introducers fee: Subject to negotiation

Tel: 0845 7573612.

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