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Buy to Let - 2 Year Discount 70% LTV
Initial Interest Rate
4.99%
Maximum Loan To Value (LTV)
70%
Overall Cost for Comparison
7.86%
Product Code
IP508
The following is a representative example based on a mortgage of £180,000 payable over 25 years initially on a discounted variable rate of 4.99% for 2 years followed by our Standard Variable Rate of 8.14%. In this example you would make 1 payment of £1,820.36, 22 monthly payments of £1,057.45, 270 payments of £1,383.92 and 1 payment of £865.04.
The total amount payable would be £401,429.70 made up of the loan amount plus interest of £219,607.70 and the following costs, a Scheme Fee of (£1,499.00), a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£248.00), and a Mortgage Exit Administration Fee (£50.00).
The overall cost for comparison is 7.86% APRC representative.
Note: What you will pay may vary from this and will depend on your personal circumstances.
Buy to Let - 2 Year Discount 80% LTV
Initial Interest Rate
5.44%
Maximum Loan To Value (LTV)
80%
Overall Cost for Comparison
7.96%
Product Code
IP509
The following is a representative example based on a mortgage of £180,000 payable over 25 years initially on a discounted variable rate of 5.44% for 2 years followed by our Standard Variable Rate of 8.14%. In this example you would make 1 payment of £1,937.46, 22 monthly payments of £1,105.73 followed by 270 monthly payments of £1,387.28 and 1 final payment of £852.49.
The total amount payable would be £403,475.61 made up of the loan amount plus interest of £221,681.61, and the following costs, a Scheme Fee of (£1,499.00), a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£220.00), and a Mortgage Exit Administration Fee (£50.00).
The overall cost for comparison is 7.96% APRC representative.
Note: What you will pay may vary from this and will depend on your personal circumstances.