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Godiva Mortgages – Two-Year 5.24% Fixed Buy-To-Let

Godiva Mortgages – Two-Year 5.24% Fixed Buy-To-Let

Type: Fixed-rate buy-to-let mortgage

Fixed term: Until March 31, 2012

Fixed rate: 5.24%

Minimum loan: £25,001

Maximum loan: Up to 70% 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 £680, 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

Flexible features: Overpayments, payment holidays of up to three months a year, interest calculated daily

Arrangement fee: £800 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

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