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Mansfield Building Society – Buy-To-Let 3-Year Discount

Mansfield Building Society – Buy-To-Let 3-Year Discount

Type: Discounted rate buy-to-let mortgage

Discounted term: Three years

Discount: 0.94%

Payable rate: 4.65%

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, up to five properties allowed within a total maximum of £500,000

Arrangement fees: £999

Redemption fee: 3% of the amount repaid in the first three years

Introducer’s fee: None

Contact: www.mansfieldbs.co.uk

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