2 year discount [BRD33]

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This product may be withdrawn at any time.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.

Product incentives

Free standard valuation: We will cover the cost of your clients first standard valuation.

Free standard legal fees: Your client has the choice of choosing our own solicitors, where we will cover the standard legal fees, or receiving £150 cashback towards their own solicitor's costs. Your client will be advised of any non-standard costs that may be applicable. If they choose to use our solicitors, they will only act for us and will not provide your client with independent advice regarding the mortgage transaction.

Mortgage amounts

There is a minimum mortgage amount of £50,000 and a maximum mortgage amount of £350,000.

The maximum loan to value is 70%.

Interest rate floor

The interest rate is floored meaning it 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.
Speak to Nicola, our Business Development Manager today 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.

Happy to help you...

  • Discuss your clients buy to let needs
  • Help with your existing buy to let case
  • Discuss our buy to let lending criteria
  • Process your decision in principle request

Your property may be repossessed if you do not keep up repayments on your mortgage.