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GMAC RFC – Buy-to-Let Tracker

Type:
Buy-to-let tracker mortgage

Tracker term: Lifetime of loan

Tracker rate:
Up to 85% of valuation &#45 1.39% above Bank of England base rate,
up to 75% of valuation &#45 0..99% above base rate

Payable rate:
Up to 85% of valuation &#45 6.14%,
up to 75% of valuation &#45 5.74%

Minimum loan: £25,001

Maximum loan:
Up to 85% of valuation subject to a maximum of £300,000,
up to 75% of valuation subject to a maximum of £400,000,
up to 65% of valuation subject to a maximum of £500,000

Income multiples:
Rental income must be at least 125% of mortgage repayments

Arrangement fee:
£495

Redemption fee:
4% of amount repaid in year one,
3% in year two,
2% in year three

Introducer&#39s fee:
0.5% of original loan

Tel:0870 4844484

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