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Platform – Five Year Fixed Rate Buy To Let


Five Year Fixed Rate Buy To Let

Type: Fixed-rate buy-to-let mortgage

Fixed term: Until February 1, 2010

Fixed rate: 5.85%

Minimum loan: 25,001

Maximum loan: Up to 85% of valuation subject to a maximum of 300,000, up to 75% of valuation subject to a maximum of 500,000

Income multiples: Rental income must be at least 125% of mortgage repayments

Arrangement fee: 495

Redemption fee: 5% of amount repaid in years one and two, 4% in years three and four, 3% in year five

Introducers fee: 0.5% of original loan subject to 250
minimum and 3,500 maximum

Tel: 0845 070 1999


Freedom Finance changes name of mortgage arm

Freedom Finance is changing the name of its mortgage lending business to Freedom Lending to avoid confusion among mortgage intermediaries. Freedom Finance has three distinct distribution channels – a lending proposition, a loan and mortgage brok-ing and packaging service – and Mortgage Next, which supports appointed representatives and directly authorised brokers. It says that as […]


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