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

The Mortgage Works

Buy-To-Let Two Year Fixed

Type: Fixed-rate buy-to-let mortgage

Fixed term: Until April 30, 2007

Fixed rate: 5.89%

Minimum loan: 25,001

Maximum loan: Up to 85% of valuation subject to a maximum of 350,000, up to 80% of valuation subject to a maximum of 500,000, up to 75% of valuation subject to a maximum of 750,000, up to 70% of valuation subject to a maximum of 1m, up to 65% of valuation subject to a maximum of 1.5m, first time landlords up to 75% of valuation subject to a maximum of 500,000, up to 65% of valuation subject to a maximum of 1m, up to 60% of valuation subject to a maximum of 1.5m

Income multiples: Up to 85% 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: None

Redemption fee:5% of amount repaid until April 30, 2007

Introducers fee: 0.25% of original loan

Tel: 0845 6010763

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