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2 year 5.49% variable rate - (3.65% discount from Society’s BTL SVR)
PLEASE NOTE: YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
| Deposit % | Term |
Initial interest rate |
Follow on rate |
Overall cost for comparison |
Max LTV |
Arrangement fee |
Application fee |
|---|---|---|---|---|---|---|---|
| N/A | 2 years | 5.49% |
9.14% |
8.8% APRC | % | £0.00 | £0.00 |
Key features
Rates information
A variable rate, currently 9.14%, with a discount of 3.65% for 2 years, giving a current rate payable of 5.49% followed by our Buy to Let Standard Variable Rate, currently 9.14%, for the remaining term.
The overall cost for comparison is 8.8% APRC representative.
What you pay
- Daily interest
Early repayment charge
If you repay your mortgage or make overpayments in excess of 10% of the outstanding balance in any calendar year during the product term (other than regular repayments due under the mortgage), an Early Repayment Charge equivalent to 3 % of the amount repaid is payable.Representative example
A mortgage of £152,000.00 over 27 years initially on a discounted variable rate of 5.49% (equal to a 3.65% discount off our BTL SVR) for 2 years and then our Buy to Let Standard Variable Rate, currently 9.14%, for the remaining term, would require 24 monthly payments of £695.40 and 300 monthly payments of £1151.77.
The total amount payable would be £514,328.57 made up of the loan amount plus interest (£362,243.57) with a Mortgage Exit Fee of £85.00.
The overall cost for comparison is 8.8% APRC representative.
Please note: this is a representative example for a new mortgage deal.
This information does not contain all of the details you need to choose a mortgage. Make sure that you read the separate Information Sheet before you make a decision. For full details, please call our friendly team on 01202 843545.
Product Reference: 811
Your home may be repossessed if you do not keep up repayments on your mortgage