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West Bromwich Building Society – Buy to Let Tracker – BBR + 0.29% for 2 years

West Bromwich Building Society

Buy to Let Tracker – BBR + 0.29% for 2 years

Type: Buy-to-let tracker mortgage

Tracker term: Two years

Tracker rate: 0.29% above the Bank of England base rate

Payable rate: 6.04%

Minimum loan: £30,000

Maximum loan: Up to 85% of valuation subject to a maximum of £500,000, up to 75% of valuation subject to a maximum of £1m

Income multiples: Rental income must be at least 100% pf the mortgage repayments or based on affordability at lender’s discretion

Conditions: Free legal fees for remortgages, satisfied CCJs under £250 acceptable, one unsatisfied default under £250 with satisfactory explanation acceptable, up to three months credit arrears with a satisfactory verbal explanation considered, two months mortgage arrears in last two years with a satisfactory verbal explanation acceptable, free valuation up to £525

Arrangement fee; 1.5% of the original loan

Redemption fee: Interest until the end of the month if the mortgage is fully redeemed

Introducer’s fee: Refer to lender

Tel: 0845 456 7418

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