Existing landlord borrowers who own the property in their own name and want fixed repayments for a set period.
Limited company landlords, 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.
Maximum portfolio 4 properties.
This information is to help you understand the typical cost of this mortgage and is not representative of your personal circumstances.
A mortgage of £238,830.00 payable over 20 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 17 years. The initial term would require 41 monthly payments of £1,162.31 followed by 199 monthly payments of £1,612.10.
The total amount payable would be £607,392.61, made up of the loan amount (£238,830.00), plus interest (£368,462.61), and a Mortgage Exit Fee (£100).
The overall cost for comparison is 7.7% APRC.
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