6.09% fixed until 31.03.2030.

Our Standard Variable Rate* for the remainder of the term, currently 8.10%.

7.5% APRC

Fees

Funds transfer fee - £20 (payable before completion)

Mortgage exit fee - £100 (payable when the mortgage is fully repaid)

Standard Valuation Fee – dependent on the property value

Incentives

No arrangement fee.

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:

5% until 31.03.2026

4% until 31.03.2027

3% until 31.03.2028

2% until 31.03.2030

Purchase or remortgage

Capital & Interest or Interest-Only

75%

Minimum £150,000 – Maximum £500,000

Portability

This product is portable and can be transferred from the existing property to a new property.

Eligibility

Property must be in England and Wales with a value of £250,000 or more.

Property must be owned through a Limited Company.

Not available for HMO properties.

Maximum portfolio 4 properties.

Mortgages are subject to underwriting.

Affordability

The projected rental income must be at least 145% of the mortgage payment at the product interest rate.

This information is to help you understand the typical cost of this mortgage and is not representative of your personal circumstances.

A mortgage of £251,717.00, payable over 18 years, on an interest-only repayment basis, initially on a fixed rate of 6.09% until 31.03.2030, and then on our Standard Variable Rate, currently 8.10%, for the remaining 13 years. The initial term would require 64 monthly payments of £1,277.46 followed by 152 monthly payments of £1,699.09.

The total amount payable would be £592,511.12, made up of the loan amount (£251,717.00), plus interest (£340,019.12), Standard Valuation Fee (£405), Solicitor Fee (£250), Funds Transfer Fee (£20), and a Mortgage Exit Fee (£100).

The overall cost for comparison is 7.5% APRC.