Thursday 3 January, 2002
Type: Buy-to-let fixed rate mortgage.
Fixed term: Until January 31, 2005.
Fixed rate: 5.25 per cent.
Minimum loan: £25,000.
Maximum loan: £1m.
Income multiples: Rental income must be 130 per cent of monthly mortgage payment.
Arrangement fee: £195.
Redemption fee: 3 per cent of advance in year one, 2 per cent of advance in year two, 1 per cent of advance in year three.
Conditions: 10 per cent a year capital repayment allowed without penalty.
Introducer's fee: Subject to negotiation.
Tel: 020 8920 5817.