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Loughborough Building Society – Buy-To-Let 3 Year 0.5% Discount  – Direct

Loughborough Building Society – Buy-To-Let 3 Year 0.5% Discount  – Direct

Type: Discounted rate buy-to-let mortgage

Discounted term: Three years

Discount: 0.5%

Payable rate;: 4.49%

Minimum loan: £25,000

Maximum loan: Up to 70% of valuation subject to a maximum of £175,000

Income multiples: Rental income must be at least 130% of eth mortgage repaymensts calculated at the pay rate

Conditions: Capital repayments of up to 10% a year allowed in the discount period without penalty, available only for properties in England and Wales, up to three properties allowed within a total maximum of £200,000, £30 admin fee if buildings insurance is not taken out with the society

Arrangement fee: £799 completion fee

Redemption fee: 5% of the original loan in the first three years

Introducer’s fee: None




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