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Platform – 2-Year Tracker Buy-To-Let

Platform – 2-Year Tracker Buy-To-Let

Type: Buy-to-let tracker mortgage

Tracker term: Two years

Tracker rate: Up to 70% of valuation – 3.39% above the Bank of England base rate, up to 65% of valuation – 3.19% above the Bank of England base rate, up to 60% of valuation – 2.99% above the Bank of England base rate

Payable rate: Up to 70% of valuation – 3.89%, up to 65% of valuation – 3.69%, up to 60% of valuation – 3.49%

Minimum loan: £75,000

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 tracker 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: 3% of the original loan plus £140 admin fee

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

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

Tel: 0845 070 1999

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