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Platform – Buy-To-Let Two-Year Tracker

Platform – Buy-To-Let Two-Year Tracker

Type: Buy-to-let tracker mortgage

Tracker term: Two years

Tracker rate: 3.09% above the Bank of England base rate to 60% LTV, 3.29% above the Bank of England base rate to 65% LTV, 3.49% above the Bank of England base rate to 70% LTV, 3.79% above the Bank of England base rate to 75% LTV

Payable rate: 3.59% to 60% LTV, 3.79% to 65% LTV,  3.99% to 70% LTV, 4.29% to 75% LTV

Minimum loan: £25,001

Maximum loan: Up to 75% 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: £2,450 plus £89 admin fee

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