Buy To Let Variable Mortgage
RATES CORRECT AS AT 18 April 2020
The Society's BTL Variable Rate applies (currently)
5.59%
For the remaining term of the mortgage
The overall cost for comparison is
5.7%
APRC
Maximum loan to value
70%
FEES AND CHARGES WILL APPLY, SOME OF WHICH ARE NON-REFUNDABLE, SEE BELOW.
Representative Example
A mortgage of £150,000.00 payable over 25 years on our Buy to Let Variable Rate for the mortgage term of 25 years at our current rate of 5.59% (variable) would require 300 monthly payments of £698.75.
The total amount payable would be £359,660.00 made up of the loan amount plus interest of £209,625.00 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.
The overall cost for comparison is 5.7% 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
- Unlimited capital repayments are allowed.
- Maximum loan £500,000.
- Interest calculated daily.
- Free standard valuation up to £999.
- No Early Repayment Charges apply.
| 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 |