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Product Transfer Buy to let fixed rate - 2 years Interest Only - fee offer
For loans up to 60% of property value
| Product name | Product Transfer Buy to let fixed rate - 2 years Interest Only - fee offer |
| Initial rate | 2.59% |
| Initial rate expires on | 31st January 2023 |
| Rate thereafter | Offset variable Investment Housing Loan Rate, currently 4.95% |
| Overall cost for comparison | 4.7% APRC |
| Product fee | £0 |
| Option to add product fees to mortgage | Yes the product fee can be added to the loan, provided the total borrowing does not exceed the maximum LTV for the product type |
| Eligibility | Available for new and existing customers. Applicants must be aged 18 or over. All loans are subject to status. Security will be required. |
| Maximum loan amount | £500,000 |
| Maximum loan to value | 60% |
| Minimum loan amount | £80,000 |
| Early repayment charge | 3% in year one 2% in year two |
| Special features | At the end of the discounted/fixed period you can make extra payments or repay your whole mortgage without penalty. Purchase or Unencumbered: One free valuation for properties up to £3m Remortgage: One free valuation for properties up to £3m Free standard legals (excluding any fee charged by our preferred legal provider for transferring funds to the previous lender) for properties up to £2m |
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