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Skipton Building Society – 3-Year  5.49% Fixed Buy to Let – Direct

Skipton Building Society – 3-Year  5.49% Fixed Buy to Let – Direct

Type: Fixed-rate buy-to-let mortgage

Fixed term: Until May 31, 2014

Fixed rate: 5.49%

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

Flexible features: Overpayments, payment holidays, interest calculated daily

Conditions:  Capital repayments of up to 10% a year allowed without penalty in the fixed-rate period,  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

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

Redemption fee: 4% of amount repaid in the first three years

Introducer’s fee: None

Contact: www.skipton.co.uk

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