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PMS – Marsden Building Society 6-Year 5.89% Fixed Buy-To-Let

PMS – Marsden Building Society 6-Year 5.89% Fixed Buy-To-Let

Type: Fixed-rate buy-to-let mortgage

Fixed term: Until June 30, 2016

Fixed rate: 5.89%

Minimum loan: £30,000

Maximum loan: Up to 75% of valuation subject to a maximum of £300,000

Income multiples: Rental income must be at least 130% of the mortgage repayments calculated at the Society’s Buy-To-Let Standard Variable Rate

Conditions: Capital repayments of up to 5% a year allowed without penalty in the fixed rate period, free valuation for loans up to £500,000 in total, free legal fees for remortgages above £75,000 where the Society’s solicitor is used, £95 legal fees payable for remortgages under £75,000 where the Society’s solicitor is used, up to three properties allowed within a total maximum of £900,000, available to selected intermediaries

Arrangement fee: 1% of the original loan plus £299 booking fee

Redemption fee: 6% of the amount repaid in the first two years, 5% in year three, 4% in year four,
3% in year five, 2% in year six

Introducer’s fee: 0.25% of the original loan subject to a £500 maximum

Contact: www.trustpms.com

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