Buy to let 5 year fixed [BF012]
Fixed until 31/03/2024
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This product may be withdrawn at any time.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.
This product has a maximum mortgage amount of £350,000.
The maximum loan to value is 70%.
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:
- 5% of the amount repaid until 31/03/2020;
- 4% of the amount repaid until 31/03/2021;
- 3% of the amount repaid until 31/03/2022;
- 2% of the amount repaid until 31/03/2023; and
- 1% of the amount repaid until 31/03/2024.
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.