Buy to let 2 year discount [BD039]
Discounted for 2 years
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This product may be withdrawn at any time.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.
There is a minimum mortgage amount of £50,000 and a maximum mortgage amount of £350,000.
The maximum loan to value available is 70%.
Interest rate floor
The interest rate is floored meaning it cannot fall below 2.49%.
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 overpay 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 during the first year; and
- 1% of the amount repaid during the second year.
Happy to help you...
- Discuss your clients needs
- Help with your existing buy to let case
- Discuss our buy to let criteria
- Process your decision in principle
Your property may be repossessed if you do not keep up repayments on your mortgage.