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Mansfield Building Society – 2-Year Fixed Rate Buy-To-Let

Mansfield Building Society – 2-Year Fixed Rate Buy-To-Let

Type: Fixed-rate buy-to-let mortgage

Fixed term: Two years

Fixed rate: 4.19%

Minimum loan: £35,000

Maximum loan: Up to 70% of valuation subject to a maximum of £300,000

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

Conditions: Capital repayments of up to 10% a year allowed without penalty in the fixed-rate period, available direct and through intermediaries, available for properties in England and Wales, up to five properties allowed within a total maximum of £500,000

Arrangement fee: £999

Redemption fee: 2% of the original loan in the first two years

Introducer’s fee: 0.3% of the original loan subject to a £1,000 maximum

Tel: 01623 676360

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