For loans up to 60% of property value
|Product name||Buy to let fixed rate - Interest Only - Over 1m GBP - London and South East only|
|Initial rate expires on|
31st January 2022
|Rate thereafter||Offset variable Investment Housing Loan Rate, currently |
|Overall cost for comparison||5.3% APRC|
|Option to add product fees to mortgage||Yes the product fee can be added to the loan, provided the total borrowing does not exceed the maximum LTV for the product type|
|Eligibility||This product is exclusively available for properties in London and South East only. Please speak to your Relationship Partner for further details. Available for purchase and remortgage, new applications and product transfer. Applicants must be aged 18 or over. All loans are subject to status. Security will be required.|
|Maximum loan amount||£1.5 million|
|Maximum loan to value||60%|
|Minimum loan amount||£1 million|
|Early repayment charge||3% in year one|
2% in year two
|Special offers||Remortgage: Legal fees and valuation paid for remortgages only #|
At the end of the discounted/fixed period you can make extra payments or repay your whole mortgage without penalty.
# Free standard legals (excluding any fee charged by our preferred legal provider for transferring funds to the previous lender) and one free valuation on properties worth £2m, or less. If the property to be mortgaged is currently unencumbered then a free valuation is available.