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