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Unity Home Loans – Prime Buy To Let 2 Year Tracker

Unity Home Loans

Prime Buy To Let 2 Year Tracker

Type: Buy-to-let tracker mortgage

Tracker term: Two years

Tracker rate: Loans up to 85% of valuation – 1.24% above the Bank of England base rate, loans up to 75% of valuation – 0.99% above the Bank of England base rate

Payable rate: Loans up to 85% of valuation – 5.99%, loans up to 75% of valuation – 5.64%

Minimum loan: `£25,001

Maximum loan: Up to 85% of valuation subject to a maximum of £500,000

Income multiples: Rental income must be at least 100% of mortgage repayments on first property and 110% of mortgage repayments on additional properties

Conditions: Up to 10 properties allowed within3 properties

Arrangement fee: 1% of the original loan

Redemption fee: 7% in year one, 6% in year two

Introducer’s fee: 0.5% of the original loan

Contact: www.unityhomeloans.co.uk

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