Irish Permanent International has launched fixed rate mortgage products for UK and Isle of Man buy-to-let property.
The products include a two-year fixed rate mortgage with an initial rate of 5.29% and 1.25% fee, and a two-year fixed rate mortgage with an initial rate of 6.54% and fee of £1,295. Both products have a loan to value of 85% and the minimum loan is £75,000. Early repayment charges are 6% of redeeming balance until 31/08/11 on the 5.29% rate, and 6% of redeeming balance until 28/08/09 on the 6.54% rate. On maturity, the rate reverts to 1.65% plus Bank base rate.
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