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The Mortgage Works – Buy-To-Let 5 Year Fixed

the Mortgage Works

Buy-To-Let 5 Year Fixed Rate

Type: Fixed-rate buy-to-let mortgage

Fixed term: Until March 31, 2010

Fixed rate: 5.59%

Minimum loan: 25,001

Maximum loan: Up to 80% of valuation subject to a maximum of 350,000, up to 70% of valuation subject to a maximum of 500,000, up to 60% of valuation subject to a maximum of 1m. First time landlords up to 75% of valuation subject to a maximum of 350,000, up to 65% of valuation subject to a maximum of 500,0000, up to 60% of valuation subject to a maximum of 1m

Income multiples: Up to 80% of valuation Rental income must be at least 125% of mortgage repayments, up to 75% of valuation at least 120% of mortgage repayments, up to 70% of valuation at least 115% of mortgage repayments, up to 65% of valuation at least 100% of mortgage repayments

Arrangement fee: 0.5% of original loan subject to 395 minimum

Redemption fee: 5% of mortgage balance until March 31, 2010

Introducers fee: 0.4% of original loan

Tel: 0845 6010763

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