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Pink Home Loans BTL discount through Legal & General Bank

Pink Home Loans BTL discount through Legal & General Bank

Type: Discounted buy-to-let

Rates: Stepped discount for three years: 4.49 per cent (1.25 per cent discount) in year one; 4.99 per cent (0.75 per cent discount) year two; 5.24 per cent (0.5 per cent discount) year three

Discounted term: Three years

Minimum loan: £25,001

Maximum loan: £500,000 up to 70 per cent loan to value

Maximum loan to value: 80 per cent up to £200,000

Rental; income: Loan amount based on 130 per cent of monthly mortgage interest payment calculated at underlying variable rate, currently 5.74 per cent subject to a minimum 6.5 per cent

Commission: £195

Redemption fees: Four per cent of original loan amount in year one, three per cent in year two, two per cent in year three. All charged on full redemption only

Conditions: Available through direct submission only

Features: Cashback of £250 and refund of valuation fee

Introducer’s fee: 0.25 per cent

Telephone: Legal & General Bank — 08700 100338

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