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

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

Type: Fixed-rate buy-to-let mortgage

Fixed term: Until February 28, 2014

Fixed rate: 5.99%

Minimum loan: £25,001

Maximum loan: Up to 75% of valuation subject to a maximum of £300,000

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

Conditions: Capital repayments of up to 10% a year allowed without penalty in the fixed-rate period

Arrangement fee: £799

Redemption fee: 5% of the amount repaid in the first three years

Introducer’s fee: 0.45% of the original loan

Tel: 0845 601 0763

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