2 year discount portfolio landlords [BDP11]

Discounted until 31/10/2019.

Early Repayment Charges apply.

This product may be withdrawn at any time.

 
arrangement fee
This fee can be paid upfront or added to the mortgage amount. If the fee is added to the mortgage then interest will be payable on the fee at the same rate as the mortgage.
£999
booking fee
This fee must be paid on application. We are unable to accept payment of the fee by credit card.
no fee
initial rate
2.96% discount from our BTLVR until 31 October 2019
2.28%
followed by our BTLVR 5.24%
The overall cost for comparison is 4.8% APRC
 

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.

Mortgage amounts

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.
Our Head of Mortgage Sales, Richard is happy to help 0121 521 4045* Getting in touch
Our lines are open:
Monday - Friday9:00 - 17:00
Saturday - SundayClosed
*Calls from landlines are charged at the standard rate. Calls from mobiles may vary.

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.