The product offers an initial pay rate of 5.89 per cent fixed until 03/09/07.
The product offers flexible features such as overpayments, underpayments and drawdown facilities.
Buy-to-let investors can also save £150 off the application/ valuation fee on loans over £150,000, if submitted via the packaged route.
Key selling features
- No redemption penalty overhang
- Flexible options
- Unlimited number of properties up to £2,000,000
- £150 off the application/ valuation fee for loans over £150,000 (packaged submission only)
Product details
- Funded by: Mortgage Express
- Product: buy-to-let
- Rate: 5.89% fixed to 03/09/07
- Max LTV: 85%
- Early repayment charges: 6 months interest at fixed rate until 03/09/07
- Rental yield: 130% monthly mortgage payment calculated on an interest basis only
- Broker commission: 0.5%
- Arrangement fee: £449
- Other: Available via packaged submission
- Contact: For more information visit www.pink.uk.net
