View more on these topics

Platform Home Loans – Buy To Let Three Year Tracker

Platform Home Loans

Buy To Let Three Year Tracker

Type: Buy-to-let tracker mortgage

Tracker term: Three years

Tracker rate: 0.28% above Bank of England base rate

Payable rate: 4.78%

Minimum loan: 25,001

Maximum loan: Up to 85% of valuation subject to a maximum of 500,000, up to 75% of valuation subject to a maximum of 1m

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

Conditions: Up to 25 properties allowed within total maximum of 3m
Arrangement fee: 1.5% of original loan

Redemption fee: 5% of the amount repaid in the first three years

Introducers fee; 0.5% of original loan subject to a 250 minimum and? 5,000 maximum

Tel: 0845 070 1999

Recommended

Pensions still face perils

With a White Paper on pensions to be issued this week, the Government is probably congratulating itself.

Gartmore MBO announcement imminent

Gartmore is likely to announce the terms of the private equity-backed management buy out of the investment house “either later today or early tomorrow morning” according to a company spokesman.US group Hellman & Friedman are currently finalising the legal details of the agreement which will be expected to lock in a number of the company’s […]

Broker highlights overseas mortgage market problems

Brokers and lenders have come in for criticism for profiteering and failing to give proper advice on overseas mortgage applications. Overseas specialist broker Conti Financial Services managing director Simon Conn says some providers are guilty of serious abuses by advising consumers to remortgage and use the cash to buy abroad rather than take out a […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment