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Godiva Mortgages – Buy-To-Let 5.4% Five-Year Fixed

Godiva Mortgages

Buy-To-Let 5.4% Five-Year Fixed

Type: Fixed-rate buy-to-let mortgage

Fixed term: Until June 30, 2014

Fixed rate: 5.4%

Minimum loan: £25,001

Maximum loan: Up to 60% of valuation subject to a maximum of £500,000, up to 50% of valuation subject to a maximum of £1m

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

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, up to three properties allowed with the society

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

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

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

Introducer’s fee: Subject to negotiation

Tel: 0845 7573612


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