Please note:

Portfolio 2 Year Buy To Let Fixed Rate Mortgage

RATES CORRECT AS AT 04 December 2020

Initial rate
2.24%
Fixed up to and inc. 31/03/2023

Then changing to the Society's BTL Variable Rate less a discount of 1.00%, (currently)
4.59%
Up to and inc. 31/03/2026

Then changing to the Society's BTL Variable Rate thereafter, (currently)
5.59%
For the remaining term of the mortgage

The overall cost for comparison is
4.8%
APRC

Maximum loan to value
60%

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FEES AND CHARGES WILL APPLY, SOME OF WHICH ARE NON-REFUNDABLE, SEE BELOW.

Representative Example

A mortgage of £80,000.00 payable over 25 years initially on a fixed rate for 2 years at 2.24% and then a 1.00% discount on our current Buy to Let Variable Rate of 5.59% giving a rate of 4.59% for 3 years and then on our current Buy to Let Variable Rate of 5.59% for the remaining 20 years would require 24 monthly payments of £348.27, 36 monthly payments of £440.66 and 240 monthly payments of £478.95.

The total amount payable would be £139,205.56 made up of the loan amount plus interest of £59,170.56 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparisons is 4.8% 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 £500,000.
  • Fees assisted legal services for standard re-mortgages.
  • 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 Mar 2023.
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
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