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The Mortgage Business – 10-To-Let Mortgages

Wednesday, 25th October 2000.



Type: Flexible tracker mortgage.




Tracker term: Term of mortgage.




Tracker rate: Bank of England base rate plus two per cent.




Minimum loan: £25,001.




Maximum loan: Up to 85 per cent of valuation subject to a maximum of £250,000 for each property.




Income multiples: Rental yield must be at least 130 per cent of the monthly payment.




Features: Overpayments, underpayments, payment holidays, lump sum withdrawals, interest calculated daily.




Arrangement fee: One per cent of advance.




Redemption fee: None.




Conditions: None.




Introducer&#39s fee: 0.35 per cent of advance.




Tel: 08457 253253.


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