Please note:

2 Year Large HMO Fixed Rate Mortgage

RATES CORRECT AS AT 02 May 2024

Initial rate
7.04%
Fixed up to and inc. 31/08/2026

Then changing to the Society's BTL Variable Rate less a discount of 1%, (currently)
7.54%
Up to and inc. 31/08/2029

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
8.4%
APRC

Maximum loan to value
75%

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

Representative Example

A mortgage of £220,000.00 payable over 25 years initially on a fixed rate for 2 years at 7.04% and then a 1% discount on our current Buy to Let Variable Rate of 8.54% giving a rate of 7.54% for 3 years and then on our current Buy to Let Variable Rate of 8.54% for the remaining 20 years would require 24 monthly payments of £1290.67, 36 monthly payments of £1382.33 and 240 monthly payments of £1565.67.

The total amount payable would be £676,535.76 made up of the loan amount plus interest of £456,500.76 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparisons is 8.4% 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 £750,000.
  • Available for properties housing more than 6 occupants
  • 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 Aug 2026.

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

Like the sound of this mortgage?


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