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Godiva Mortgages – +4.09% BBR Tracker to 31.12.11

Godiva Mortgages – +4.09% BBR Tracker to 31.12.11

Type: Buy-to-let tracker remortgage

Tracker term: Until December 31, 2011

Tracker rate: 4.09% above the Bank of England base rate

Payable rate: 4.59%

Minimum loan: £25,001

Maximum loan: Up to 65% of valuation subject to a maximum of £1m, up to 50% of valuation for new build apartments

Income multiples: Rental income must be at least 125% of the monthly mortgage interest

Conditions: One free valuation up to £670, free legal fees if in-house solicitor used, or £200 contribution towards legal costs, up to three properties allowed within a total maximum of £1m

Arrangement fee: £800 plus £250 booking fee

Redemption fee: 4% of the amount repaid in the first two years period

Introducer’s fee: Subject to negotiation

Tel: 0845 757 3612

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