For loans up to 75% of property value
Product name | 5 Year IHL Fixed under 75 percent LTV - Loan up to 1m - BO1650 - interest only |
Initial rate | 5.74 |
Initial rate expires on | 31st July 2029
|
Rate thereafter | Offset variable Investment Housing Loan Rate, currently 9.99% |
Overall cost for comparison | 8.70% APRC |
Product fee | £2,999 |
Option to add product fees to mortgage | The product fee can be added to the loan, unless it takes a residential loan over 95% LTV or a BTL loan over 80% LTV. |
Eligibility | Applicants must be aged 18 or over. All loans are subject to status. Security will be required |
Maximum loan amount | £1,500,000 |
Maximum loan to value | 75% |
Minimum loan amount | £80,000 |
Early repayment charge | 3% in year one 2% in year two |
Special features | At the end of the discounted/fixed period you can make extra payments or repay your whole mortgage without penalty. Purchase or Unencumbered: One free valuation for properties up to £3m Remortgage: One free valuation for properties up to £3m Free standard legals (excluding any fee charged by our preferred legal provider for transferring funds to the previous lender) for properties up to £2m |
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