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Buy to let fixed rate - Interest Only - Over £1m GBP - London and South East only

For loans up to 60% of property value

Product nameBuy to let fixed rate - Interest Only - Over £1m GBP - London and South East only
Initial rate2.79%
Initial rate expires on
31st March 2023
Rate thereafterOffset variable Investment Housing Loan Rate, currently
4.95%
Overall cost for comparison4.8% APRC
Product fee£2,999
Option to add product fees to mortgageYes the product fee can be added to the loan, provided the total borrowing does not exceed the maximum LTV for the product type
EligibilityThis product is exclusively available for properties in London and South East only. Please speak to your Relationship Partner for further details. Available for purchase and remortgage, new applications and product transfer. Applicants must be aged 18 or over. All loans are subject to status. Security will be required.
Maximum loan amount£1.5 million
Maximum loan to value60%
Minimum loan amount£1 million
Early repayment charge3% in year one
2% in year two
Special features

Remortgage: Free valuation incentive up to £3m property value

 

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