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Pink Home Loans – Mortgage Trust Select Stepped Fixed Rate Buy To Let

Pink Home Loans

Mortgage Trust Select Stepped Fixed Rate Buy To Let

Type: Stepped fixed rate buy-to-let mortgage

Fixed term: Until August 31, 2009

Fixed rate: 4.95% in year one, 5.95% in year two

Minimum loan: £30,000

Maximum loan: Up to 85% of valuation subject to a maximum of £350,000, up to 80% of valuation subject to a maximum of £500,000

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

Conditions: Up to 20 properties allowed within a total maximum of £2m

Arrangement fee: 1% of the original loan subject to a maximum of £1,500

Redemption fee; 8% of the original loan in the first two years

Introducer’s fee: 0.5% of the original loan

Tel: 08707 590170

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