John Olney TBMC’s head of buy-to-let lending commented: "The initial release of this product by Property Investment Mortgages produced a surge of interest from intermediaries seeking the benefit of a low rate coupled with a low rent cover calculation (just 125%). Demand has remained exceptionally high, resulting in this being one of the most popular in our product range hence our re-launch."
Summary:
- 5.18% fixed until 31/07/2007 reverting to 1.75% above libor
- 85% LTV
- 1% Lender’s Arrangement Fee (added to Advance)
- Early Repayment Charge 6 Months interest. (No Overhang)
