2 Year Buy To Let Fixed Rate Mortgage

RATES CORRECT AS AT 04 December 2020

Initial rate
1.64%
Fixed up to and inc. 31/03/2023

Then changing to the Society's BTL Variable Rate less a discount of 1.00%, (currently)
4.59%
Up to and inc. 31/03/2026

Then changing to the Society's BTL Variable Rate thereafter, (currently)
5.59%
For the remaining term of the mortgage

The overall cost for comparison is
4.8%
APRC

Maximum loan to value
70%

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

The mortgaged property (which may be your home) may be repossessed if you do not keep up repayments on your mortgage

Representative Example

A mortgage of £280,000.00 payable over 25 years initially on a fixed rate for 2 years at 1.64% and then a 1.00% discount on our current Buy to Let Variable Rate of 5.59% giving a rate of 4.59% for 3 years and then on our current Buy to Let Variable Rate of 5.59% for the remaining 20 years would require 24 monthly payments of £382.67, 36 monthly payments of £1071.00 and 240 monthly payments of £1304.33.

The total amount payable would be £642,814.00 made up of the loan amount plus interest of £360,780.00 and application fee £0, product fee £1999, valuation fee £0, funds transfer fee £35.

The overall cost for comparisons is 4.8% 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 £500,000.
  • Fees assisted legal services for standard re-mortgages.
  • 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 Mar 2023.

**If you apply for a mortgage online you will not receive advice from Leeds Building Society. You will need to make your own choice about which mortgage is suitable for you and we will not assess the suitability of that mortgage to your needs and circumstances. If you would like to receive further guidance please contact us.

Fees

Application Fee (payable on application - non-refundable)

£0

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

£1,999

Mortgage Exit Fee

£199

Like the sound of this mortgage?

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.
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