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Skipton Building Society –  2-Year  4.49% Fixed Buy to Let – Direct

Skipton Building Society –  2-Year  4.49% Fixed Buy to Let – Direct

Type: Fixed-rate buy-to-let mortgage

Fixed term: Until May 31, 2013

Fixed rate: 4.49%

Minimum loan: No minimum

Maximum loan: Up to 60% of valuation subject to a maximum of £500,000

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

Conditions: Capital repayments of up to 10% a year allowed without penalty,  one free valuation  up to £610 and free legal fees for remortgages, up to five properties allowed within the Skipton group  within a total maximum of £1m, up to 10 properties allowed across all lenders

Flexible features: Overpayments, payment holidays, interest calculated daily

Arrangement fee: £1,250 completion fee plus £245 application fee

Redemption fee: 4% of amount repaid in the first two years, thereafter interest until the end of the month

Introducer’s fee: None

Contact: www.skipton.co.uk

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