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The Mortgage Works – 1 Year Buy-to-Let Fixed

The Mortgage Works – 1 Year Buy-to-Let Fixed

Type: Fixed-rate buy to let mortgage

Fixed term: Until March 31, 2011

Fixed rate: 3.99%

Minimum loan: £25,001

Maximum loan: Up to 60% of valuation subject to a maximum of £1m

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

Conditions: Capital repayments of up to 10% in the first year allowed without penalty,

Arrangement fee:3% of the original loan subject to a £595 minimum

Redemption fee: 5% of the amount repaid in the first year

Introducer’s fee: 0.45% of the original loan

Tel: 0845 601 0763

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