Buy to let 3 year fixed [BRF013]
Fixed until 31/03/2022
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This product may be withdrawn at any time.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. Your client can choose to add the fee to the amount they borrow or pay the fee up front by deducting the fee from the mortgage amount.
If your client adds the fee to their mortgage they will pay interest on the fee at the same rate as their mortgage.
There is a minimum mortgage amount of £50,000.
This product offers a maximum mortgage amount of £500,000.
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.
Fees assisted legals:We'll cover the costs of any standard legal fees involved. Any non-standard costs will be payable by your client. You'll be advised of any non-standard costs should any apply. If your client chooses to use our own conveyancers they'll only act for us and not for the customer during the remortgage transaction. If your client needs to add or remove a name on the mortgage they must appoint their own solicitors, and they'll receive £150 cashback towards their costs.
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:
- 3% of the amount repaid until 31/03/2020;
- 2% of the amount repaid until 31/03/2021; and
- 1% of the amount repaid until 31/03/2022.
Here for you
- Discuss your new decision in principle
- Talk through our rental income requirements
- Answer any of your buy to let questions
- Help you understand our criteria
Your property may be repossessed if you do not keep up repayments on your mortgage.