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MarketPlace – Buy-to-let Stepped Discount

Tuesday, 14 August 2001.

Type: Discounted rate tracker mortgage, exclusive to Bradford & Bingley IFAs.

Discounted term: Three years.

Discount: Bank of England base rate plus 0.4 per cent in first year, Bank of England base rate plus 0.5 per cent in year two, Bank of England base rate plus 0.65 per cent in year three.

Payable rate: 5.4 per cent.

Minimum loan: £25,001.

Maximum loan: Up to 85 per cent of valuation subject to a maximum of £200,000.

Income multiples: Must have an annual income of £15,000.

Arrangement fee: None.

Redemption fee: 5 per cent in first year, 4 per cent in years two and three.

Conditions: None.

Introducers fee: None.

Tel: 0800 113333.

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