Buy to Let Mortgage Product Details
| Scheme |
| Comments |
| Early Repayment Charge |
| Loan to Value |
| Lenders Fee |
| Interest Cover |
| Income Required |
| Min/Max Age |
| Acceptable Properties |
| Unacceptable Properties |
| 5.9% Fixed until 30/9/12 |
| Great 3 year fix with free valuation. Free legals also available for purchases |
| 4% during fixed rate period |
| 60% |
| £1749 |
| Rental 125% at payrate |
| This product is self cert but the applicants must be a able to declare a sole income of £25,000 after deduction of any unsecured liabilities. Must be employed min 3 months (permanent) or trading at least a year if self employed |
| The minimum age at application is 21. The maximum age at completion of the mortgage is 85. |
| Houses and flats within good letting areas and good resale potential to the ‘owner occupier’ market. No studio flats. Good quality high value flats above commercial premises may be considered, please refer to CPFC. Ex-Local Authority houses and flats are considered, but only if there is 50% in private ownership on the estate, if the property is out of its pre-emption period and no more then 5 floors high. Adjoining properties. Properties in England, Wales, Scotland and Northern Ireland. They will lend in the Isle of Wight but not the Isle of Man. |
| Bedsits are not acceptable. No DSS, Asylum seekers or council registered HMOs & multi lets. Max 10 mortgaged properties in total, 3 with Godiva |
IMPORTANT
Please note that although every effort is made to ensure that the product details listed are accurate, CPFC cannot guarantee the accuracy of the information displayed. Therefore this product information is for reference only.
Please be aware that some schemes have varying criteria depending on many factors. Therefore, it is imperative that you read not only the front summary details but also the full scheme details. This system is also constantly updated. However lenders are constantly amending and changing products and criteria and CPFC cannot therefore guarantee the availability of any of the products
YOUR HOME AND ANY PROPERTY USED AS SECURITY IS AT RISK AND MAY BE REPOSSESSED IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE
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