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Platform – Buy-To-Let Two-Year Fixed

Platform – Buy-To-Let Two-Year Fixed

Type: Buy-to-let fixed-rate mortgage

Fixed term: Until July 31, 2014

Fixed rate: 4.89% to 60% LTV, 5.19% to 65% LTV, 5.79% to 70% LTV, 5.89% to 75% LTV

Minimum loan: £25,001

Maximum loan: Up to 60% 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: Capital repayments up to £1,000 a month allowed without penalty in the tracker period, free valuation, free standard legal fees for remortgages, not available for properties in Northern Ireland, up to three properties allowed within a total maximum of £1.5m and up to 10 properties allowed with all lenders

Arrangement fee: £89 admin fee

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

Introducer’s fee:  0.48% of the original loan subject to a £1,680 maximum

Tel: 0845 070 1999

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