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Pink Home Loans – GMAC RFC Three Year Fixed Rate Buy-To-Let

Pink Home Loans

GMAC RFC Three Year Fixed Rate Buy-To-Let

Type: Fixed-rate buy-to let mortgage

Fixed term: Until January 1, 2009

Fixed rate: 5.19%

Minimum loan: 25,001

Maximum loan: Up to 89% of valuation subject to a maximum of 300,000, up to 75% of valuation subject to a maximum of 400,000, up to 65% of valuation subject to a maximum of 500,000

Income multiples: Rental income must be at least 125% of mortgage repayments

Conditions: Purchase only, up to 25 properties allowed within a total maximum of 3m

Arrangement fee: 795

Redemption fee: 3% of the amount repaid until January 1, 2009

Introducers fee: 0.5% of original loan subject to a minimum

Tel: 08707 590170

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