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Mortgage Trust- 2-Year Libor + 3.09% Tracker Buy-To-Let Remortgage

Mortgage Trust- 2-Year Libor + 3.09% Tracker Buy-To-Let Remortgage

Type: Buy-to-let tracker remortgage

Tracker term: Until June 30, 2013

Tracker rate: 3.09% above Libor

Payable rate: 3.99%

Minimum loan: £30,000

Maximum loan: Up to 75% of valuation subject to a maximum of £500,000, up to 70% of valuation subject to a maximum of £1m

Income multiples: Rental income must be at least 125% of the mortgage repayments

Conditions: Free valuation, free legal fees if the lender’s solicitor is used, available for properties in England and Wales

Arrangement fee: £999 plus £99 booking fee

Redemption fee: 5% of the amount repaid in the first two years on full redemption only

Introducer’s fee: Refer to lender

Tel: 0845 849 4040

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