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Mortgage Trust – Fixed Rate Buy-to-Let

Type:
Fixed-rate buy-to-let mortgage

Fixed term:
Until December 31, 2005

Fixed rate:
5.95%

Minimum loan:
£30,000

Maximum loan:
Full status &#45 Up to 85% of valuation subject to a maximum of £250,000, up to 80% of valuation subject to a maximum of £500,000, up to 75% of valuation subject to a maximum of £1m, up to 70% of valuation subject to a maximum of £5m.
Expatriates &#45 Up to 70% of valuation subject to a maximum of £500,000. Rental income scheme &#45 up to 80% of valuation subject to a maximum of £200,000

Income multiples:
Rental income must be at least 130% of mortgage repayments

Flexible features:
Overpayments, underpayments, lump sum withdrawals, interest calculated daily

Conditions:
Redemption penalty applies if mortgage is fully redeemed or balance is below £1,000, overpayments above £20,000 a year will incur a 1% charge

Arrangement fee:
0.75% of original loan

Redemption fee:
6% of original loan until December 31, 2005

Introducer&#39s fee:
0.5% of original loan

Tel: 0870 411 2488

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