Hinkley and Rugby Building Society
Phone: +44 (0)800 434 6343
Email:
Name
Buy to Let
Category
Description
Buying a rental property is very different from finding a home. It is strongly recommended that you take advice from an accredited member of the Association of Residential Lettings Agents (ARLA) or via the
Conditions
-Available on properties in England and Wales, for letting on an Assured Shorthold Tenancy
-Rental income of around 135% of the mortgage payment required
-Maximum number of rental properties is four per household with Hinckley & Rugby Building Society
-Minimum loan £50,000
-Minimum income £25,000
-Minimum term 5 years
-Interest calculated on a daily basis
-No tied insurances
-Minimum age for applicants 23
-Tariff of charges during the life of any mortgage available on request
-Capital repayment vehicle must be in place for interest only mortgages
-For remortgages, the property must have been owned by the applicants for a minimum of 12 months
-Rental income of around 135% of the mortgage payment required
-Maximum number of rental properties is four per household with Hinckley & Rugby Building Society
-Minimum loan £50,000
-Minimum income £25,000
-Minimum term 5 years
-Interest calculated on a daily basis
-No tied insurances
-Minimum age for applicants 23
-Tariff of charges during the life of any mortgage available on request
-Capital repayment vehicle must be in place for interest only mortgages
-For remortgages, the property must have been owned by the applicants for a minimum of 12 months
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