5.64% fixed until 30.11.2030.

Our Standard Variable Rate* for the remainder of the term, currently 7.70%.

7.2% APRC

Fees

Mortgage exit fee - £100 (payable when the mortgage is fully repaid)

Standard Valuation Fee – (Amount varies dependent on the property value)

Incentives

None.

A full or partial capital repayment, which exceeds 10% of the capital balance amount in any one year during the fixed period, will attract an early repayment charge of:

5% until 30.11.2026

4% until 30.11.2027

3% until 30.11.2028

2% until 30.11.2030

Purchase or remortgage

Capital & Interest or Interest-Only

75%

Minimum £150,000 – Maximum £500,000

Portability

This product is portable and can be transferred from the existing property to a new property.

Eligibility

Property must be in England and Wales with a value of £200,000 or more.

If owned by a Limited Company, it must be a Special Purpose Vehicle Limited Company registered in England and Wales.

Available for HMO properties.

No maximum portfolio size.

Mortgages are subject to underwriting.

Affordability

For basic rate taxpayers and limited companies, the projected rental income must be at least 125% of the mortgage payment at the product rate. This increases to 140% for higher rate taxpayers.

This information is to help you understand the typical cost of this mortgage and is not representative of your personal circumstances.

A mortgage of £225,000.00, payable over 25 years, on an interest-only repayment basis, initially on a fixed rate of 5.64% until 30.11.2030 and then on our Standard Variable Rate, currently 7.70%, for the remaining 20 years. The initial term would require 64 monthly payments of £1,057.50 followed by 236 monthly payments of £1,443.75.

The total amount payable would be £634.120.00, made up of the loan amount (£225,000.00), plus interest (£408,405.00), Standard Valuation Fee (£365), Solicitor Fee (£250), and a Mortgage Exit Fee (£100).

The overall cost for comparison is 7.2% APRC.