Cashback Portfolio 5 Year Buy To Let Fixed Rate Mortgage
RATES CORRECT AS AT 12 April 2022
Initial rate
2.41%
Fixed up to and inc. 31/07/2027
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
4.5%
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 2.41% 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 £798.81 and 240 monthly payments of £1074.48.
The total amount payable would be £306,837.77 made up of the loan amount plus interest of £125,803.77 and application fee £0, product fee £999, valuation fee £0, funds transfer fee £35.
The overall cost for comparison is 4.5% 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.
- Minimum loan £35,000.
- £250 Cashback upon completion
- 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 Jul 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