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Godiva Mortgages – Buy To Let 1.8% Tracker For Term

Godiva Mortgages

Buy To Let 1.8% Tracker For Term

Type: Buy-to-let tracker mortgage

Tracker term: life of loan

Tracker rate: 1.8% above the Bank of Engalnd base rate

Payable rate: 6.8%

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 properties
Income multiples: Rental income must be at least 100% of mortgage repayments for loans up to 65% of valuation, no rental income requirements for loans up to 50% of valuation

Conditions: One free valuation up to £680, free legal fees for remortgages or £200 contribution, up to three properties allowed within £1m maximum

Arrangement fee: £1,749 plus £250 booking fee

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

Introducer’s fee: Subject to negotiation

Tel: 0845 766 5522


Danny Lovey

Danny Lovey came to mortgage broking late in his career. The sole trader of The Mortgage Practitioner spent many successful years working in the City, first as a stockbroker and latterly as a investment bank trader before circumstance and a shift in lifestyle led him to the world of mortgages.

Target practice

The damage done over the past few weeks in the equity markets heralds a difficult phase for the investment industry.


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