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Mortgage Next – Buy To Let 5 Year Fixed Fee Saver 85 Per Cent

Thursday, 31 May 2001.

Type: Fixed rate buy-to-let mortgage for members of Mortgage Next service.

Fixed term: Until July 31, 2006.

Fixed rate: 6.74 per cent.

Minimum loan: £15,001, remortgages £25,001.

Maximum loan: Up to 85 per cent of valuation subject to no maximum.

Income multiples: Rental income must be at least 125 per cent of monthly mortgage payment.

Arrangement fee: £399.

Redemption fee: 7 per cent of amount repaid plus £100 until July 31, 2002, 6 per cent plus £100 until July 31, 2004, 5 per cent plus £100 until July 31, 2006.

Conditions: None.

Introducer&#39s fee: £500.

Tel: 020 7620 0100.

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