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Legal & General Mortgage Club – The Mortgage Business Multi House 2 House Two Year Tracker

Legal & General Mortgage Club

The Mortgage Business Multi House 2 House Two Year Tracker

Type: Buy-to-let tracker mortgage

Tracker term: Until October 31, 2009

Tracker rate: 1% above the Bank of England base rate

Payable rate: 6.75%

Minimum loan: £25,005

Maximum loan: Up to 85% of valuation subject to a maximum of £500,000, £300,000 for first time buyers, up to 80% of valuation subject to a maximum of £800,000, up to 75% of valuation subject to a maximum of £1m

Income multiples: Based on affordability

Conditions: Maximum of three properties allowed

Arrangement fee: £999

Redemption fee: None

Introducer’s fee: Refer to lender

Tel: 08457 253253


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