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Platform – 1- Year Fixed Buy-To-Let

Platform – 1- Year Fixed Buy-To-Let

Type: Fixed-rate buy-to-let mortgage

Fixed term: Until January 31, 2012

Fixed rate: Up to 70% of valuation – 4.79%, up to 65% of valuation – 4.69%, up to 60% of valuation – 4.29%

Minimum loan: £25,001

Maximum loan: Up to 70% of valuation subject to a maximum of £500,000

Income multiples: Rental income must be at least 125% of the mortgage repayments calculated at the reversionary rate, currently 4.5% above the Bank of England base rate

Conditions: Overpayments of up to £1,000 a month allowed without penalty in the fixed-rate period, free legal fees for remortgages, not available for properties in Northern Ireland, up to three properties allowed within a total maximum of £1m, £30 admin fee if buildings insurance is not arranged through Legal & General, available to selected distribution partners

Arrangement fee: £2,495 plus £140 admin fee

Redemption fee: 2% of the amount repaid in the first year

Introducer’s fee: 0.45% subject to a £2,250 maximum

Tel: 0845 070 1999

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