Buy to Let 3 year fixed [BRF016]

Fixed until 30/06/2024

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This product may be withdrawn at any time.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.
£1499
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
2.69% fixed until 30 June 2024
2.69%
followed by our BTLVR 5.44%
The overall cost for comparison is 5.0% APRC
 

Product key features

Product incentives

Free standard valuation: We'll cover the cost of a standard mortgage valuation on a property valued up to £400,000, which is equivalent to a £350 contribution towards the cost of a standard valuation. Your client may choose to have a RICS Homebuyers Report, however they'll have to cover the difference in cost between a standard mortgage valuation and the RICS Homebuyers Report.

Fees assisted legals: Your clients have the choice of using our solicitors, where we'll cover the cost of any standard legal fees, or they will receive £250 cashback towards their own solicitor's costs. They will be advised of any non-standard costs that will apply. If they choose to use our solicitors, the solicitor will only act for us and won't provide them with independent advice regarding the mortgage transaction.

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Product related fees

There is an arrangement fee of £1,499. 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.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Mortgage amounts

There is a minimum mortgage amount of £100,000.

The maximum mortgage amounts for this product are tiered by loan to value:

  • Up to 50% LTV: maximum loan of £950,000
  • Up to 60% LTV: maximum loan of £700,000
  • Up to 70% LTV: maximum loan of £500,000

The maximum loan to value is 70%.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Mortgage repayment terms

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

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Early Repayment Charges

Early Repayment Charges apply during the product term. Up to 10% of the original mortgage amount can be overpaid each year without charge, however, if the mortgage is redeemed or switched to another product during the product term, then the Early Repayment Charge will apply.

The Early Repayment Charge will be:

  • 4% of the amount repaid until 30 June 2021;
  • 3% of the amount repaid until 30 June 2022;
  • 2% of the amount repaid until 30 June 2023; and
  • 1% of the amount repaid until 30 June 2024.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Our Head of Mortgage Sales, Richard is happy to help 0121 521 4000* 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 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.