Existing landlord borrowers who want to switch to a new mortgage product and want fixed repayments for a set period. Available for limited companies, HMOs and portfolios of 10 or more.
Landlords owning a property in their personal name or those who plan to repay more than 10% in any one year during the fixed period.
5.84% fixed until 30.04.2028.
Our Standard Variable Rate* for the remainder of the term, currently 8.10%.
7.7% APRC
Mortgage exit fee - £100 (payable when the mortgage is fully repaid)
A full or partial capital repayment, which exceeds 10% of the capital balance amount in any one year during the fixed period, will attract an early repayment charge of:
3% until 30.04.2026
2% until 30.04.2028
Capital & Interest or Interest-Only
75%
This product is portable and can be transferred from the existing property to a new property.
At the date of the product switch, the balance must be between £50,000 and £500,000 and a term of at least 3 years must remain.
This information is to help you understand the typical cost of this mortgage and is not representative of your personal circumstances.
A mortgage of £117,531.00 payable over 19 years, on an interest-only repayment basis, initially on a fixed rate of 5.84% until 30.04.2028, and then on our Standard Variable Rate, currently 8.10%, for the remaining 16 years. The initial term would require 41 monthly payments of £571.98 followed by 187 monthly payments of £793.33.
The total amount payable would be £289,434.89, made up of the loan amount (£117,531.00), plus interest (£171,803.89), and a Mortgage Exit Fee (£100).
The overall cost for comparison is 7.7% APRC.
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