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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

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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.

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