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Platform – 2-Year Fixed Buy-To-Let Mortgage

Platform – 2-Year Fixed Buy-To-Let Mortgage

Type: Fixed-rate buy-to-let mortgage

Fixed term: Until July 31, 2013

Fixed rate: 5.79%

Minimum loan: £25,001

Maximum loan: Up to 75% of valuation subject to a maximum of £350,000

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

Conditions: Capital repayments of up to £1,000 a month allowed without penalty, £500 cashback, free valuation and standard legal fees for remortgages, not available for properties in Northern Ireland, up to three properties allowed with Platform within a total maximum of £1m, up to 10 properties allowed across all lenders, available through selected intermediaries

Flexible features: Overpayments, interest calculated daily

Arrangement fee: £89 administration fee

Redemption fee: 3% of the amount repaid in year one, 2% in year two

Introducer’s fee: 0.45% of the original loan subject to a £1,575 maximum

Tel: 0845 070 1999

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