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Pink Home Loans – 10-to-Let mortgage

Type:
Discounted-rate buy-to-let mortgage

Discounted term:
Until July 31, 2005

Discount:
1%

Payable rate:
5.1%

Minimum loan;
£25,000

Maximum loan:
Up to 85% of valuation subject to a maximum of £1m,
up to 80% of valuation subject to a maximum of £2m,
up to 75% of valuation subject to no maximum

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

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

Arrangement fee:
1% of loan for each property

Redemption fee:
None

Introducer&#39s fee:
Loans up to £500,000 &#45 0.5% of loan subject to maximum of £2,500, loans above £500,000 negotiable

Tel: 08707 590170

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