Buy to let 5 year discount [BRD40]

Discounted for 5 years

This product may be withdrawn at any time.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.
no fee
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
2.50% discount from our BTLVR for 5 years
3.24%
followed by our BTLVR 5.74%
The overall cost for comparison is 5.0% APRC
 

Product key features

Product incentives

Free standard valuation: We'll cover the cost of one standard mortgage valuation on a property valued up to £400,000. Your client can choose to have a RICS Homebuyers Report, however they'll have to cover the difference in cost.

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.

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 2.99%.

Mortgage repayment terms

Your client can repay their mortgage over a minimum of 5 years and a maximum of 35 years.

Early Repayment Charges

There are no Early Repayment Charges.

Faye is here to help you with your case 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 how we can help you and your client
  • Update you on your existing cases
  • Talk through our rental income requirements
  • Help you understand our criteria

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