3.39% Buy to Let fixed rate until 31 August 2024 [BL78]

Fees

• There is no application fee.
• Product fee £1,195. This may be added to the loan subject to the maximum LTV.
• Valuation fees are payable on a set scale as detailed in the separate Fees Guide.
• Solicitors fees are not based on a set scale and solicitors must be approved by Buckinghamshire Building Society.
• Proc fees are 0.4% up to a maximum of £4,000.

Other charges may be made in respect of mortgage services. See our Fees Guide for details.

Acceptable Credit Criteria

This product accepts our standard credit criteria click here for details

Early Repayment Charge (ERC)

Early Repayment Charges as detailed below are payable on any lump sum or full redemption repaid over 10% of the capital balance.

3.00% up to 31/08/2022
2.00% up to 31/08/2023
1.00% up to 31/08/2024

Overpayments

During the early repayment charge period lump sum overpayments up to 10% of the capital balance per annum may be made without attracting an early repayment charge. Should the total of lump sum overpayments exceed 10% within this period, the excess will attract an early repayment charge.

Once the early repayment charge period has ended overpayments can be made at any time.
If an overpayment of £500 or more is made, we will recalculate the monthly payment the following month.

Affordability

Enter the client's details into the affordability calculator and assessment below.

BTL affordability calculator and assesment form

BTL limited company calculator and assessment form

If your columns are red then please contact us as other product options may be available. Minimum income £25,000.

Repayment

This mortgage is available on a capital and interest repayment basis or interest only with a suitable repayment vehicle. Payments must be made monthly by direct debit.

Age Limits

The minimum age is 21 for all applicants. There is no max age. Cases are considered on individual circumstances.

Loan Size

Minimum loan size £25,000.
Maximum loan size £750,000.

Mortgage Term

The maximum mortgage term is 40 years dependent on individual circumstances.

Portability

This product is not portable.

Energy Performance Certificate (EPC)

All BTL properties being mortgaged to the Society require an EPC rating of between A and E. The Society will not lend on properties with an EPC rating of F and G.

Interest

Interest is calculated daily on the balance outstanding and added to the account the following month.