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Pink Home Loans BTL tracker through Birmingham Mids

Pink Home Loans BTL tracker through Birmingham Mids

Type: Buy to let tracker

Rate: 4.99 per cent bank base rate plus 0.99 per cent for three years. Reverts to bankbase rate plus 1.75 per cent

Term: Three years

Minimum loan: £25,001

Maximum loan: £1m up to 85 per cent LTV

Rental income: Monthly rental must cover 125 per cent of monthly mortgage payments at underlying variable rate. Interest-only basis

Arrangement fee: £299

Redemption fee: Four per cent of amount repaid in year one, three per cent in years two and three

Conditions: Maximum number of ten properties

Commission: 0.5 per cent (minimum £200, max £5,000)

Telephone: 08707 590169

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