5 Year Small HMO Fixed Rate Mortgage

RATES CORRECT AS AT 02 May 2024

Initial rate
6.44%
Fixed 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
8.0%
APRC

Maximum loan to value
75%

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

Your rental property could be repossessed or a receiver of rent appointed, if you don't keep up your mortgage repayments.

Representative Example

A mortgage of £150,000.00 payable over 25 years initially on a fixed rate for 5 years at 6.44% 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 £805.00 and 240 monthly payments of £1067.50.

The total amount payable would be £454,535.00 made up of the loan amount plus interest of £304,500.00 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparison is 8.0% 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 £750,000.
  • Available for properties housing up to and including 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 2029.

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

We don't offer an advised service for Buy to Let mortgages, so you'll need to make your own choice about which mortgage is suitable for you. This means we won't assess the suitability of the mortgage you choose to your needs and circumstances.

It's not possible to apply for this product online. Please book an appointment using the options below.



The products and services on this site are available to UK residents only. Mortgage applicants must be 18 years or over. Mortgages are subject to eligibility, status and financial standing.

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

Book an appointment

If you need help or support with an existing application, call us on 03450 50 50 62.

If you want to speak to someone in our mortgage team about a new application, book a telephone appointment online using the 'book an appointment' button.

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