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Platform – Buy-To-Let Cashback Two-Year Tracker

Platform – Buy-To-Let Cashback Two-Year Tracker

Type: Buy-to-let tracker mortgage

Tracker term: Two years

Tracker rate: 3.59% above the Bank of England base rate

Payable rate: 4.09%

Minimum loan: £25,001

Maximum loan: Up to 70% of valuation subject to a maximum of £350,000 or £300,000 for new build properties

Income multiples: Rental income must be at least 125% of the mortgage repayments based on the higher of the pay rate or reversionary rate

Conditions: Available through selected intermediaries, free valuation, free standard legal fees for remortgages, 1% cashback subject to a £2,000 maximum, not available for properties in Northern Ireland, up to three properties allowed within a total maximum of £1m

Arrangement fee: £1,950 plus £89 admin fee

Redemption fee: 2% of the amount repaid in year one, 1% 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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