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The Derbyshire Building Society – Three Year Fixed Buy-To-Let

The Derbyshire Building Society

Three Year Fixed Buy-To-Let

Type: Fixed-rate buy-to-let mortgage

Fixed term: Until October 31, 2008

Fixed rate: 4.69%

Minimum loan: 25,001

Maximum loan: Up to 80% 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, up to 10 properties allowed within a total maximum of 5m

Arrangement fee: 1.5% of original loan

Redemption fee: 5% of amount repaid until October 31, 2008

Introducers fee: Refer to lender

Tel: 08456 075050

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