For loans up to 75% of property value
Product name | Buy to let fixed rate - 2 years Interest Only |
Initial rate | 2.49% |
Initial rate expires on | 31st March 2023 |
Rate thereafter | Offset variable Investment Housing Loan Rate, currently 4.95% |
Overall cost for comparison | 4.7% APRC |
Product fee | £1999 |
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 | Applicants must be aged 18 or over. All loans are subject to status. Security will be required |
Maximum loan amount | £1,000,000 |
Maximum loan to value | 75% |
Minimum loan amount | £80,000 |
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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