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Cheshire Building Society Buy to Let Mortgage Review
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Cheshire
Building Society Buy-To-Let Mortgages
Cheshire Building Society Buy-To-Let Mortgage
- Freedom
to manage the property yourself.
- No
valuation fee where the purchase price, or estimated value
for remortgage, is less than £750,000. For applications
above this level Cheshire Building Society will make a contribution
of £500.
- Fully
portable, so even if you change property during the discount
period you will still benefit (subject to your new application
meeting Cheshire Building Society Buy to Let lending policy).
- No
high Loan to Value charge.
- A
mortgage valuation report will automatically be provided
as a benefit of this product to remortgage applicants (where
the estimated value exceeds £750,000), and all property
purchasers.
- The
minimum loan is £30,000.
- The
maximum loan is 80% of the value of the property.
- Although
it is a condition of this product that Buy to Let buildings
insurance is arranged via ourselves for the duration of
the discount period, Cheshire Building Society have a competitive
range of Buy to Let insurance products for both buildings
and contents.
- Penalty-free
lump sum or regular overpayments up to £5,000 per
12 month period. If you make a lump sum capital repayment
of £500 or more Cheshire Building Society will offer
you the choice of reducing your mortgage term or monthly
mortgage payment.
- Payment
holidays if you have overpaid previously.*
- Regular
underpayments if you have overpaid previously.*
- Lump
sum withdrawals available against accrued overpayments.
Minimum withdrawal is £500 and maximum is £25,000
per transaction.*
*
Seven days notice required.
For
further information on a Cheshire Building Society Buy-To-Let
Mortgage visit the Cheshire Building Society Website.
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