The product is available on a full status basis up to 85 per cent loan to value and on a rental income scheme up to 80 per cent loan to value. Limited companies and professional landlords are acceptable.
David Copland, sales and marketing director at Pink Home Loans, comments: “This is a competitively priced buy-to-let product available to both professional landlords and borrowers seeking alternative investment opportunities.”
“However, it is essential that borrowers do their homework before investing in the buy-to-let market and view it as a long-term commitment, which is part of a wider investment portfolio.”
Key selling features
- Fully flexible product – overpayments, underpayments, payment holidays and an agreed reserve fund
- Available full-status up to 85% LTV and on the rental income scheme up to 80% LTV
- Applications accepted from limited companies and professional landlords
- Ex-pats acceptable if employed (up to 70% LTV or max £350k per property)
- Portfolios up to £5 million
Product details:
Funded by: Mortgage Trust
Product: Flexible, buy-to-let LIBOR tracker
Rate: 4.955% - LIBOR plus 0.96% for three years
Max LTV: 85%
Early repayment charges: 5% of original loan for 3 years (full redemption)
Broker commission: 0.5%
Arrangement fee: £499
Other: Available via direct submission only
For more information visit www.pink.uk.net
