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Scarborough Building Society – Two Year Discount Buy To Let

Wednesday, 18 April 2001.

Type: Discounted rate buy-to-let mortgage.

Discounted term: Two years.

Discount: 1 per cent.

Payable rate: 6.45 per cent.

Minimum loan: £50,000.

Maximum loan: Up to 80 per cent of valuation subject to a maximum of £250,000.

Income multiples: Three times principal income plus second or 2.5 times joint.

Arrangement fee: £325.

Redemption fee: 1.6 per cent of amount repaid in first three years.

Conditions: None.

Introducer&#39s fee: Loans of £25,000-£74,999 – £250, £75,000-£149,999 – £400, £150,000 and above – £500.

Tel: 08705 133149.

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