Please note:

Portfolio 5 Year Buy To Let Fixed Rate Mortgage

RATES CORRECT AS AT 02 August 2022

Initial rate
3.42%
Fixed up to and inc. 31/10/2027

Then changing to the Society's BTL Variable Rate thereafter, (currently)
5.84%
For the remaining term of the mortgage

The overall cost for comparison is
5.0%
APRC

Maximum loan to value
60%

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

Representative Example

A mortgage of £180,000.00 payable over 25 years initially on a fixed rate for 5 years at 3.42% and then on our current Buy to Let Variable Rate of 5.84% (variable) for the remaining 20 years would require 60 monthly payments of £892.64 and 240 monthly payments of £1095.16.

The total amount payable would be £317,626.84 made up of the loan amount plus interest of £136,592.84 and application fee £0, product fee £999, valuation fee £0, funds transfer fee £35.

The overall cost for comparison is 5.0% 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 Oct 2027.

Fees

Application Fee (payable on application - non-refundable)

£0

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

£999

Mortgage Exit Fee

£199

Like the sound of this mortgage?


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