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Pink Home Loans – Flexible Buy To Let Mortgage

Thursday, 12th October 2000.



Type: Flexible buy to let mortgage.




Capped term: One year.




Capped rate: 6.99 per cent, or 7.24 per cent for self certification.




Minimum loan: £30,000.




Maximum loan: Up to 80 per cent of valuation subject to £1 million.




Income multiples: Rental yield must be greater than or equal to 130 per cent of the monthly interest payment. First time buyers minimum income of £20,000.




Features: Underpayments, overpayments, payment holidays, lump sum withdrawals, interest calculated daily.




Arrangement fee: 1 per cent of loan, minimum £500.




Redemption fee: None.




Conditions: None.




Introducer&#39s fee: 0.5 per cent of loan.




Tel: 01543 441530.



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