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Mansfield Building Society – Buy to Let 1.2% Discount

Mansfield Building Society – Buy to Let 1.2% Discount

Type: Discounted rate buy-to-let mortgage

Discounted term: Two years

Discount: 1.2%

Payable rate: 4.39%

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 Society’s standard variable rate

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

Arrangement fee: £999

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

Introducer’s fee: Refer to lender

Tel: 01623 676345

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