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Buy to let fixed rate - Interest Only - Over £1m GBP - London and South East only
For loans up to 60% of property value
| Product name | Buy to let fixed rate - Interest Only - Over £1m GBP - London and South East only |
| Initial rate | 2.79% |
| Initial rate expires on | 31st March 2023 |
| Rate thereafter | Offset variable Investment Housing Loan Rate, currently 4.95% |
| Overall cost for comparison | 4.8% APRC |
| Product fee | £2,999 |
| 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 | This product is exclusively available for properties in London and South East only. Please speak to your Relationship Partner for further details. Available for purchase and remortgage, new applications and product transfer. Applicants must be aged 18 or over. All loans are subject to status. Security will be required. |
| Maximum loan amount | £1.5 million |
| Maximum loan to value | 60% |
| Minimum loan amount | £1 million |
| Early repayment charge | 3% in year one 2% in year two |
| Special features | Remortgage: Free valuation incentive up to £3m property value |
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