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Leek United Building Society – 2 Year Fixed – Direct

Leek United Building Society – 2 Year Fixed – Direct

Type: Fixed rate buy-to-let

Fixed term: Until April 30, 2013

Fixed rate: 5.25%

Minimum loan: £50,000

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

Arrangement fee: £99 application fee

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

Introducer’s fee: None

Contact: www.leekunited.co.uk

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