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2.99% 3 year discounted rate by 2.15%
The mortgage will be secured on your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
Key things to bear in mind
- Purpose - Purchase, remortgage, product switch and further advance
- Discount - 2.15% applied to our Residential Investment Managed Mortgage Rate for 3 years
- Minimum rate - 2.89%
- Loan to Value - 70%
- Application Fee - £175 + Valuation Fee for purchase and remortgage. See ‘more downloads’ for product switch and further advance fees.
- Valuation Fees (Purchase) - Based on the greater of the purchase price or value of the property.
- Valuation Fees (Remortgage) - Free for properties up to £500,000. For properties above £500,000 the standard valuation fee scale applies, less £330 discount.
- Valuation Fees (Multi Unit Freehold Blocks) - A separate valuation fee scale will apply for this property type. For purchase applications, the full Multi-Unit Freehold Block valuation fee scale will apply. For remortgage applications, a discount of £330 from the Multi-Unit Freehold Block valuation fee scale applies.
- ~Product fee - £999 for loans up to £500,000. For loans above £500,000 0.4% of the loan amount. See ‘more downloads’ for product switch and further advance fees.
- Maximum loan - No maximum. Loans above £500,000 should be referred to us for specific agreement before submission of an application.
- Minimum loan - £45,000 for purchase and remortgage. £2,000 for further advance. No minimum for product switches.
- Early Repayment Charges - 3% in the first year, 2% in the second year and 1% in the third year
More downloads & what you'll need to apply
More mortgage downloads
For remortgages, a copy of the existing / proposed tenancy agreement.
– Evidence of rent being paid in and mortgage being paid out (bank statements may already cover this)
Evidence of deposit for purchases
– Evidence of deposit in a UK account held by the applicant(s)
– For gifted deposits, we require a signed gift letter from the giftor plus evidence of funds in a UK account and the giftors details (names, date of births, relationship to applicants)
Applicants with four or more mortgaged Buy to Let properties
– We will treat these applications as a portfolio landlord and we require details of their full portfolio and a business plan.
Call our expert UK team
Savings - 03330 140141
Mortgages - 03330 140140
Savings - 03330 140144
Mortgages - 03330 140146