Richard Stokes, pead of product development said: “This product is idea for landlords who are testing out a
new region to let in as there are no early repayment charges to tie them in should it not work out. The affordability is
based on earned income rather than rental yield – with a self cert option.”
Key details:
Lender The Mortgage Business
I.D. House to House Tracker - H2H 2BE283
Pay Rate 4.99%
Product BBR + 0.49% to 31/08/2006
Reversionary Rate BBR + 1.79%
Max LTV 85%
Status Self Cert (affordability)
CCJs Refer
Arrears (Months) 1
Defaults Refer
Cashback No
Free Valuation Yes up to £800k property value (maximum loan size £500k)
Free Legal Service No
Free HLC No
Additional Features / Lending Terms Self Cert rather than rental yield. Single property only
Completion Fee Nil
ERC Nil
The Mortgage Times Group Proc Fee 0.75% + £150 min £0 max £10,000
Broker Proc Fee 0.5% min £0 max £7,500
