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Buy to let fixed rate - 2 years Interest Only - purchase special

For loans up to 75% of property value

Product nameBuy to let fixed rate - 2 years Interest Only - purchase special
Initial rate2.49%
Initial rate expires on
31st March 2020
Rate thereafterOffset variable Investment Housing Loan Rate, currently
5.35%
Overall cost for comparison5.10% APRC
Arrangement fee£1,999
Option to add arrangement fees to mortgageYes the arrangement fee can be added to the loan, provided the total borrowing does not exceed the maximum LTV for the product type
EligibilityAvailable for purchase applications only. Applicants must be aged 18 or over. All loans are subject to status. Security will be required
Maximum loan amount£1,000,000
Maximum loan to value75%
Minimum loan amount£80,000
Early repayment charge3% 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.

 

# The switching package is only available to applicants moving their mortgage from another lender. If the property is unencumbered, a free valuation is available. Free valuations are available on properties worth £2m, or less. Optima Legal Services will charge a funds transfer fee of £42 to applicants who use the switching package.