The range offers initial pay rates from 4.55 per cent fixed until 31 January 2009.
The 4.89 per cent fixed until 31 January 2008 offers a low rate, a reduced arrangement fee and the rental income is calculated using the product rate.
David Copland, marketing director at Pink, commented: “These fixed rate buy to let products are market leading. This is excellent news for landlords, as the rental yield requirement is 125 per cent of the mortgage interest calculated at the product rate selected, which is available as low as 4.55 per cent.”
Select buy-to-let fixed rate products funded by MT
Select 4.55 per cent fixed to 31/01/09
Initial pay rate 4.55 per cent
Underlying rate 3 month LIBOR plus 1.75 per cent
ERC 6 per cent of the original amount borrowed to 31/01/2009
Net broker commission 0.50 per cent
Arrangement fee 1.5 per cent of the loan (can be added to loan)
Higher lending charge Free
Max LTV 85 per cent LTV up to £350,000
75 per cent LTV up yo £500,000
Advers credit - None in last 3 years
Minimum loan £50,000
Select 4.89 per cent fixed to 31/01/08
Initial pay rate 4.89 per cent
Underlying rate 3 month LIBOR plus 1.75 per cent
ERCs 6 per cent of the original amount borrowed to 31/01/2008
Net broker commission - 0.50 per cent
Arrangement fee - £599 can be added to loan
Higher lending charge Free
Max LTV 85 per cent LTV up to £350,000
75 per cent LTV up to £500,000
Adverse credit - none in last 3 years
Minimum loan - £50,000
No overhang
Packaged submission only
