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West Bromwich Building Society – Buy-To-Let Two-Year Fixed

West Bromwich Building Society

Buy-To-Let Two-Year Fixed

Type: Fixed-rate buy-to-let mortgage

Fixed term: Until March 31, 2009

Fixed rate: 5.75%

Minimum loan: £30,000

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

Conditions: Paper applications only, not available to first-time buyers, capital repayments of up to 10% a year allowed without penalty

Arrangement fee: 2.25% of original loan

Redemption fee: 5% of the amount repaid in first two years plus interest to the end of the month

Introducer’s fee: 0.4% of original loan

Tel: 0845 456 7418

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