Available for either individual landlords or for limited companies with a maximum of three Buy-to-Let mortgaged properties.
This product should be used for all properties in England and Wales.
Available for either individual landlords or for limited companies with a maximum of three Buy-to-Let mortgaged properties.
This product should be used for all properties in England and Wales.
A mortgage of £328,000 payable over 12 years, initially on a fixed rate of 3.39% until 31/05/2024 and then on our Buy to Let Standard Variable Rate of 5.49%, for the remaining 9 years would require 36 payments of £930.05 and 108 payments of £1,506.18.
The total amount payable would be £526,102.24 made up of the loan amount plus interest (£196,149.24), a product fee (£1,195), a funds trandsfer fee (£25), valuation fee (£485), solicitors fees (£148) and an exit fee (£100).
The overall cost for comparison is 5.0% APRC representative.
Other charges may be made in respect of mortgage services. See our Fees Guide for details.
This product accepts our standard credit criteria click here for details
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 31/05/2022
2.00% up to 31/05/2023
1.00% up to 31/05/2024
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.
Enter the client's details into the affordability calculator below.
If your columns are red then please contact us as other product options may be available. Minimum income £25,000.
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.
The minimum age is 21 for all applicants. There is no max age. Cases are considered on individual circumstances.
Minimum loan size £25,000.
Maximum loan size £750,000.
The maximum mortgage term is 40 years dependent on individual circumstances.
This product is not portable.
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 is calculated daily on the balance outstanding and added to the account the following month.
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