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Buy to let fixed rate - 5 years Interest only BO1174
For loans up to 75% of property value
| Product name | Buy to let fixed rate - 5 years Interest only BO1174 |
| Initial rate | 5.39 |
| Initial rate expires on | 31st August 2029
|
| Rate thereafter | Offset variable Investment Housing Loan Rate, currently 9.99% |
| Overall cost for comparison | 8.60% APRC |
| Product fee | £1999 |
| 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 | £1,000,000 |
| Maximum loan to value | 75% |
| Minimum loan amount | £80,000 |
| Early repayment charge | 5% in years one and two 4% in year three 3% in year four 2% in year five |
| Special features | Remortgage: Free valuation incentive up to £3m property value |
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