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Mortgage Trust – Buy-To-Let 2-Year Fixed Rate

Mortgage Trust – Buy-To-Let 2-Year Fixed Rate

Type: Fixed-rate buy-to-let mortgage

Fixed term: Until March 31, 2014

Fixed rate: 5.74%

Minimum loan: £30,000

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

Income multiples: Rental income must be at least 125% of the mortgage repayments calculated on an interest-only basis at the pay rate

Conditions: Unlimited overpayments, up to five properties allowed within a maximum loan of £1m across the Paragon Group, available for properties in England and Wales

Arrangement fee: 2% of the original loan

Redemption fee: 5% of the original loan on full redemption only in the first two years

Introducer’s fee: Refer to lender

Tel: 0845 849 4055

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Aldermore ups B2L LTV to 80%

Aldermore is today increasing its maximum LTV for buy-to-let products from 75 per cent to 80 per cent. The lender is also raising its maximum buy-to-let portfolio size from three properties and a lending ceiling of £1m to five properties and a ceiling of £2m, as well as reducing its buy-to-let reversion rates by as […]

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