5 Year Buy To Let Fixed Rate Mortgage
RATES CORRECT AS AT 13 February 2024
Fixed up to and inc. 31/05/2029
Then changing to the Society's BTL Variable Rate thereafter, (currently)
For the remaining term of the mortgage
The overall cost for comparison is
Maximum loan to value
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.
A mortgage of £160,000.00 payable over 25 years initially on a fixed rate for 5 years at 4.46% 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 £594.67 and 240 monthly payments of £1138.67.
The total amount payable would be £469,995.00 made up of the loan amount plus interest of £308,961.00 and application fee £0, product fee £999, valuation fee £0, funds transfer fee £35.
The overall cost for comparison is 7.4% 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.
- 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 May 2029.
Application Fee (payable on application - non-refundable)
Product Fee (payable on application - this is refundable should the mortgage not complete)
Mortgage Exit Fee
Like the sound of this mortgage?
For the time being, you won't be able to apply for a mortgage online. You can still book a non-advised appointment where our Buy to Let specialist will help you with your mortgage application.
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.
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