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Tuesday, November 18, 2008

Buy-to-let mortgage below 4.7%

Professional landlords don't have time to mess about for their buy-to-let mortgage

Are you looking for a buy-to-let mortgage rate below 4.7% with a great rental multipler?

If so you may be interested in this deal that has been released by the
lender today:

4.69% 2 years fixed until 28/02/2011
° Borrow up to 70% of the valuation amount or purchase price,
whichever is lower
° To calculate the maximum loan amount you could borrow multiply
the monthly rent by 204.69 (subject to maximum 75% of valuation amount or
purchase price)
° Lender's arrangement fee - 3.5% of the amount borrowed. This
can be added to the mortgage account or paid up-front
° Early repayment charge of 5% of the amount repaid up to
° Rate reverts to Bank of England Base Rate (currently 3%) plus
2.74% from 28/02/2011.

Subject to status, availability and valuation. Broker's fee applies.

For more details contact our leading brokers specifying the deal

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