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National Counties Building Society – Buy-To-Let 5.19% Fixed to 31/10/2013

National Counties Building Society – Buy-To-Let 5.19% Fixed to 31/10/2013

Buy-To-Let 5.19% Fixed to 31/10/2013

Type: Fixed-rate buy-to-let mortgage

Fixed term: Until October 31, 2013

Fixed rate: 5.19%

Minimum loan: £30,000

Maximum loan: Up to 70% of valuation subject to a maximum of £350,000

Income multiples: Rental income must exceed 135% of the monthly interest payable on the mortgage

Conditions: Capital repayments of up to 10% a year allowed without penalty in the fixed-rate period, available direct and through intermediaries, £75 cashback for online applications only, £30 admin fee if buildings insurance is not taken out with the lender

Arrangement fee: £795 completion fee

Redemption fee: 3% of the amount repaid in year one, 2% in year two, 1% in year three

Introducer’s fee: Refer to lender

Tel: 01372 744155


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