2 Year Holiday Let Fixed Rate Mortgage

RATES CORRECT AS AT 02 May 2024

Initial rate
6.70%
Fixed up to and inc. 31/08/2026

Then changing to the Society's BTL Variable Rate less a discount of 1%, (currently)
7.54%
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
8.3%
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 £200,000.00 payable over 25 years initially on a fixed rate for 2 years at 6.70% and then a 1% discount on our current Buy to Let Variable Rate of 8.54% giving a rate of 7.54% for 3 years and then on our current Buy to Let Variable Rate of 8.54% for the remaining 20 years would require 24 monthly payments of £1116.67, 36 monthly payments of £1256.67 and 240 monthly payments of £1423.33.

The total amount payable would be £613,674.40 made up of the loan amount plus interest of £413,639.40 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparisons is 8.3% 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.
  • 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 Aug 2026.

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

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.

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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