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Pink Home Loans – Bank of Ireland Mortgages Three Year Fixed Buy-to-Let

Pink Home Loans

Bank of Ireland Mortgages Three Year Fixed Buy-to-Let

Type: Fixed rate buy-to-let mortgage

Fixed term: Until July 31, 2011

Fixed rate: 6.29%

Minimum loan: £25,001

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

Income multiples: Rental income must be at last 100% of the mortgage repayments

Conditions: Capital repayments of up to 10% a year allowed without penalty, up to five properties allowed within total maximum of £2m

Arrangement fee: 2% of the original loan

Redemption fee: 5% of the amount repaid in the first three years

Introducer’s fee: 0.55% of the original loan

Tel: 08707 590170

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