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Verso/Mortgage Next BTL discount – 1.75%

Verso/Mortgage Next discount buy-to-let

Type: Buy to let discount

Rate: 1.75%

Discounted term: 1 March 2003

Underlying rate: Bank of England base rate plus 1.98%

Maximum loans: Up to 85 per cent of valuation subject to a maximum of £500,000

Commission: 1% minimum £500

Rental income: 125 per cent mortgage repayment at 6.5 per cent, interest only.

Features: Valuation and MIG fee paid

Procuration fee: 0.25% (min £200)

Redemption fee: 5 per cent of amount repaid on partial or full repayment before 1 March 2003

Telephone: 0845 1302223

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