2 year discount portfolio landlords [BDP11]
Discounted until 31/10/2019.
Early Repayment Charges apply.
This product may be withdrawn at any time.
Product key features
Product related fees
There is an arrangement fee of £999 that can be deducted from the mortgage amount or added to the amount borrowed.
Who's the product for?
Our portfolio range is designed for experienced landlords. If your client's buy to let portfolio will exceed four mortgaged properties when their application completes then we can consider your case on our portfolio product range.
There is a minimum mortgage amount of £50,000.
This product has a maximum mortgage amount of £350,000.
The maximum loan to value is 70%.
Interest rate floor
The interest rate on this product is floored and cannot fall below 2.28%.
Mortgage repayment terms
Your client can repay their mortgage over a minimum of 5 years and a maximum of 35 years.
Early Repayment Charges
Your client can repay up to 10% of the original mortgage amount each year.
Any overpayments taking your client over this allowance will be subject to the full Early Repayment Charge. The Early Repayment Charge will be:
- 2% of the amount repaid until 31/10/2018; and
- 1% of the amount repaid until 31/10/2019.
Here to help you...
- Discuss your new decision in principle
- Answer any of your buy to let questions
- Discuss our rental income requirements
- Talk through our lending criteria
Your property may be repossessed if you do not keep up repayments on your mortgage.