Buy to let 5 year discount [BRD40]
Discounted for 5 years
This product may be withdrawn at any time.
Product key features
Valuation fee contribution: We will give £350 towards the cost of a standard valuation on the remortgage property.
Fees assisted legals: We will assist with the cost of your clients standard legal fees, if they choose to use our own solicitors. If your client chooses to use their own solicitors we will provide them with £150 cashback instead. If they are likely to be subject to any non-standard legal fees your client will be notified.
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.
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.