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UCB Home Loans – Buy To Let Standard 5-Year Tracker

UCB Home Loans

Buy To Let Standard 5-Year Tracker

Type: Buy-to-let tracker mortgage

Tracker term: Five years

Tracker rate: 0.54% above Bank of England base rate

Payable rate: 5.29%

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 £600,000

Income multiples: Option one – Up to four times principal income plus second plus 6.5 times annual rental income or 3.25 times joint plus 6.5 times annual rental income, option two – rental income must be at least 125% of the mortgage repayments

Conditions: Free valuation, up to 10 properties allowed within a total maximum of £3m

Arrangement fee: £595

Redemption fee: 5% of mortgage balance in first five years

Introducer’s fee: Refer to lender

Tel: 0845 940 1400

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