View more on these topics

Mortgage Express – Two-Year Fixed Buy-To-Let

Mortgage Express

Two-Year Fixed Buy-To-Let

Type: Fixed rate buy-to-let mortgage

Fixed term: Until July 31, 2009

Fixed rate: 5.04%

Minimum loan: £40,000

Maximum loan: Up to 85% of valuation subject to a maximum of £450,000, up to 75% of valuation subject to a maximum of £550,000, up to 70% of valuation subject to a maximum of £1m

Income multiples: The rental income required on individual properties is
125% of the monthly mortgage payment

Arrangement fee: 2.5% subject to a £599 minimum

Redemption fee: 5% of the amount repaid in the first two years

Introducer’s fee: Refer to lender

Tel: 0500 050020


Record number of fixed-rate loans

UK borrowers have taken out a record number of fixed-rate mortgages since Sept 2006, according to the Mortgage Trust. Fixed-rate deals now make up over 60 per cent of the market, up 48 per cent since last September.

A Shaw thing

Sam Shaw is a reporter on Money MarketingHaving just about recovered from the Headline Money awards, the week was interrupted with a very packed Wednesday meeting some of the key figures in the IFA sector, including the always smiling David Harrison, now of True Potential, and Burns-Anderson’s CEO Mike Hughes, who are both now firmly […]

Alexander Hall to expand

Alexander Hall is to expand its branch network and broker headcount following the takeover of parent group Foxtons by BC Partners for 390m.Chief operating officer Andy Pratt says BC Partners is backing the plans, which will see Alexander Hall open more offices in Guildford and Surrey, where it only has one office, and expand further […]

US: mid-year review and outlook

By Felix Wintle, Manager of the Neptune US Opportunities Fund H1 2014 Economic data: after last year’s strength, economic data has disappointed. Indeed, the economy contracted 2.9 per cent in the first three months of the year — the US economy’s worst performance for five years. However, rather than a symptom of underlying economic weakness or […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment