Please note:

Portfolio 5 Year Buy To Let Fixed Rate Mortgage

RATES CORRECT AS AT 01 October 2024

Initial rate
4.38%
Fixed up to and inc. 31/01/2030

Then changing to the Society's BTL Variable Rate thereafter, (currently)
8.54%
For the remaining term of the mortgage

The overall cost for comparison is
7.3%
APRC

Maximum loan to value
60%

FEES AND CHARGES WILL APPLY, SOME OF WHICH ARE NON-REFUNDABLE, SEE BELOW.

Representative Example

A mortgage of £90,000.00 payable over 25 years initially on a fixed rate for 5 years at 4.38% and then on our current Buy to Let Variable Rate of 8.54% (variable) for the remaining 20 years would require 60 monthly payments of £328.50 and 240 monthly payments of £640.50.

The total amount payable would be £263,465.00 made up of the loan amount plus interest of £173,430.00 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparison is 7.3% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

Additional features

  • Interest calculated daily.
  • Maximum loan £1,000,000.
  • The Society will assist in covering the basic legal costs of a standard re-mortgage.
  • Free standard valuation up to £999.
  • 10% capital repayments are allowed each year during the fixed rate period without incurring an Early Repayment Charge.
  • Tapered Early Repayment Charges apply up to and including 31 Jan 2030.

Fees

Application Fee (payable on application - non-refundable)

£0

Product Fee (payable on application - this is refundable should the mortgage not complete)

£0

Mortgage Exit Fee

£199

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Buy to Let mortgages which are for business purposes are exempt from FCA Rules.