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25 month 5.34% variable rate - (3.80% discount from Society’s BTL SVR)

The rate on this product includes a Buy to Let Standard Variable Rate (BTLSVR) decrease that takes effect on 31st July 2025.

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 5.34% 9.14%
after 2 years 		8.8% APRC % £0.00 £0.00

Key features

Rates information

A variable rate, currently 9.14%, with a discount of 3.80% for 25 months, giving a current rate payable of 5.34% 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 5.34% (equal to a 3.80% discount off our SVR) for 25 months and then our Standard Variable Rate, currently 9.14%, for the remaining term, would require 25 monthly payments of £676.40 and 299 monthly payments of £1157.90.

The total amount payable would be £515,229.34 made up of the loan amount plus interest (£363,144.34) 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: 762

 

Your home may be repossessed if you do not keep up repayments on your mortgage