Thursday, 17 May 2001.
Type: Tracker rate buy-to-let mortgage for remortgages.
Tracker term: Term of loan.
Tracker rate: Bank of England base rate plus 1.25 per cent.
Minimum loan: £30,000.
Maximum loan: Up to 75 per cent of valuation subject to a maximum of £1m. Foreign nationals up to 65 per cent of valuation subject to a maximum of £1m.
Income multiples: Rental income must be at least 125 per cent of monthly mortgage payment.
Arrangement fee: None.
Redemption fee: Six months' interest on amount repaid plus £500 in first three years.
Conditions: Legal fees paid if Woolwich solicitor used, free valuation.
Introducer's fee: 0.3 per cent of loan.
Tel: 08707 590182.