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Leek United Building Society – 2-Year 5.25% Fixed Buy-To-Let

Leek United Building Society – 2-Year 5.25% Fixed Buy-To-Let

Type: Fixed-rate buy-to-let mortgage

Fixed term: Until June 30, 2013

Fixed rate: 5.25%

Minimum loan: £75,000

Maximum loan: Up to 75% of valuation subject to a maximum of £500,000

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

Conditions: Capital repayments of up to 10% a year allowed without penalty in  the fixed-rate period, available only for properties in England and Wales, available through selected intermediaries, up to 10 properyties allowed

Arrangement fee: £99 plus £100 booking fee

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

Introducer’s fee: Refer to lender

Contact: www.leekunited.co.uk

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