View more on these topics

The Mortgage Works – One Year Tracker Buy-To-Let

The Mortgage Works

One Year Tracker Buy-To-Let

Type: Buy-to-let tracker mortgage

Tracker term: Until July 31, 2010

Tracker rate: 2.49% above the Bank of England base rate

Payable rate: 2.99%

Minimum loan: £25,001

Maximum loan: Up to 60% of valuation subject to a maximum of £1m, up to 50% of valuation subject to a maximum of £1.5m

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

Arrangement fee: 3.5% of the original loan subject to a £595 minimum

Redemption fee: None

Introducer’s fee: Refer to lender

Tel: 0845 6010763


Recommended

OPM ups financial bond exposure

OPM Fund Management’s multi-manager team has increased its fixed-interest fund’s exposure to financial bonds because bank debt looks attractive.

M&G looks to frontier markets

M&G’s cautious multi-asset offering is investing a small part of its portfolio in a Guernsey-based fund which focuses on minor emerging markets.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com