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Stroud & Swindon Building Society – Three Year Buy-To-Let Tracker

Stroud & Swindon Building Society

Three Year Buy-To-Let Tracker

Type: Buy to let tracker mortgage

Tracker term: Until December 31, 2010

Tracker rate: 0.24% above the Bank of England base rate

Payable rate: 5.99%

Minimum loan: £30,000

Maximum loan: Up to 75% of valuation subject to a maximum of £250,000

Income multiples: Rental income must be at least 110% of the mortgage repayments

Conditions: Capital repayments of up to 25% can be made without penalty within the fixed rate period, free valuation and free legal fees for remortgages, unlimited properties allowed within a total maximum of £1m

Arrangement fee: £799

Redemption fee: 5% of original loan in first three years

Introducer’s fee: Refer to lender

Tel: 08456 024598


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