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Mansfield Building Society – 2-Year 1.6% Discount Buy-To-Let – Direct

Mansfield Building Society – 2-Year 1.6% Discount Buy-To-Let – Direct

Type: Discounted rate buy-to-let mortgage

Discounted term: Two years

Discount: 1.6%

Payable rate: 3.99%

Minimum loan: £35,000

Maximum loan: Up to 65% of valuation subject to a maximum of £300,000

Income multiples: Rental income must be at least 125% of the mortgage repayments calculated at the standard variable rate

Conditions: Capital repayments of up to 10% a year allowed without penalty in the discount period, available only for properties in England and Wales , up to five properties allowed within a total maximum of £500,000

Arrangement fee: £999

Redemption fee: 3% of the original loan in the first two years

Introducer’s fee: None

Contact: www.mansfieldbs.co.uk

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