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Mortgage Express five-year buy-to-let fixed

Mortgage Express five-year buy-to-let fixed

Type: Buy-to-let fixed

Fixed term: 3 June 2007

Fixed rate: 6.25%

Minimum loan: £40,000

Maximum loan: £300,000 up to 85% LTV, £400,000 up to 70% LTV, £1m up to 60% LTV

Rental income: 130% of gross monthly mortgage payment

Arrangement fee: £325 upon completion

Redemption fee: Six month’s interest at underlying variable rate (base rate + 1.75%) until 3 June 2007

Conditions: Mortgage Express will not lend on properties in the M25 circle valued at less than £70,000. Available through Pink Home Loans

Introducer’s fee: 0.5%

Tel: 08707 590 170

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