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Shepshed Building Society – Buy-To-Let Discount

Shepshed Building Society – Buy-To-Let Term Discount

Type: Discounted rate buy-to-let mortgage

Discounted term: Life of the loan

Discount: 0.5%

Payable rate: 5.49%

Minimum loan: No minimum

Maximum loan: Up to 70% of valuation subject to a maximum of £250,000

Income multiples: Rental income must be at least 130% of the mortgage interest calculated at the pay rate

Conditions: Available direct and through intermediaries, available for properties in England and Wales except those within the M25 boundary, £25 fee if the society’s buildings insurance is not taken

Arrangement fee: £999 application fee

Redemption fee: None

Introducer’s fee: Refer to lender

Contact: www.theshepshed.co.uk/

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