15.01.07– New Sterling Buy To Let Products & Criteria Changes
Irish Permanent International are pleased to introduce two new Sterling Term Tracker products for UK & Isle of Man Buy to Let mortgages.
Our new Term Tracker products feature a low rate for the life of the loan (Bank of England base plus agreed margin) with a minimum loan of £75,000 and a maximum loan of £750,000 per property. Loans are available to individuals, including expats, as well as companies and trusts at a maximum Loan to Value of 85%. Our No Fee Term Tracker also offers low early repayment charges & no arrangement fee.
Term Trackers
Product |
RATE |
|
LTV |
Fee |
Redemption Terms |
Min Loan |
|---|---|---|---|---|---|---|
Base + .49% Term Tracker |
5.74% |
0.49% above Bank of England Base Rate for the life of the loan |
85% |
1.5% of advance |
5% of redeeming balance in the first 3 years |
£75,000 |
No Fee Term Tracker |
6.49% |
1.24% above Bank of England Base Rate for the life of the loan |
85% |
NO FEE |
2% of redeeming balance in the first 12 months |
£75,000 |
We have also introduced the following criteria changes:
- Discounted Flexi Tracker – 5.90% - minimum loan reduced from £200,000 to £75,000
- New maximum loan of £750,000 per property applies to all advertised mortgage products. For individual property loans in excess of £750,000 & client exposure in excess of £3,000,000 please contact us to discuss rates & criteria
To view all Sterling mortgage interest rates please click here www.irishpermanentintl.com/lending/sterlinginterestrates.php
To view mortgage interest rates for other currencies please click here
www.irishpermanentintl.com/lending/interestrates.php
To download a mortgage application form please click here
www.irishpermanentintl.com/lending/mortgageapplication.php
To contact us for further information please click here
www.irishpermanentintl.com/site/contactus.php
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