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Hinckley & Rugby Building Society – 2-Year 1.5% Discount Buy-To-Let

Hinckley & Rugby Building Society – 2-Year 1.5% Discount Buy-To-Let

Type: Discounted rate buy-to-let mortgage

Discounted term: Two years

Discount: 1.5%

Payable rate: 4.14%

Minimum loan: £25,000

Maximum loan: Up to 60% of valuation subject to a maximum of £300,000

Income multiples: Rental income must be at least 135% of the mortgage repayments

Conditions: Capital repayments of up to 10% a year allowed without penalty in the discount period, available direct and through intermediaries

Arrangement fee: £745 completion fee plus £250 arrangement fee

Redemption fee: 3% of the amount repaid in the first two years

Introducer’s fee: Refer to lender

Tel: 0800 434 6343

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