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Godiva Mortgages – 5.75% Fixed Buy To Let

Godiva Mortgages

5.75% Fixed Buy To Let

Type: Fixed-rate buy-to-let mortgage

Fixed term: Until September 30, 2011

Fixed rate: 5.75%

Minimum loan: £25,001

Maximum loan: Up to 50% of valuation subject to a maximum of £1m

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

Conditions: Capital repayments of up to 5% a year allowed without penalty, one free valuation up to £670,, free legal fees or £200 contribution towards legal costs for remortgages, maximum of three properties allowed within £1m maximum

Flexible features: Payment holidays up to three months a year after six months, interest calculated daily

Arrangement fee: £1,449 plus £250 booking fee

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

Introducer’s fee: Subject to negotiation

Tel: 0845 757 3612


India Election Update

What a difference six months makes. Speaking in September last year, we had warned of ‘excessive pessimism’ afflicting the market’s perception of India. Since then, responsible central bank policy from the Reserve Bank of India (RBI), alongside improving global growth, has meant that India’s macro environment is strengthening quickly. The current account deficit has shrunk, inflation is falling and the government has embarked on a heavy dose of much needed fiscal consolidation. As a result, the rupee has been one of the strongest global currencies this year while the market has touched all-time highs, rallying by more than 20 per cent (GBP) since September. This begs the question: are we now in a period of ‘irrational exuberance’? Not yet.


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