Buy to Let 2 Year Discount Fee Assist Remortgage

Maximum Loan to Value (LTV) 75% LTV
Initial Variable Interest Rate, currently: 3.24% (2.50% discount from our Standard Variable Rate for 2 years. The discount is subject to a minimum interest rate “floor” of 2.00%)
Followed by our Standard Variable Rate thereafter, currently: 5.74% (The Society’s Standard Variable Rate is set by its Board of Directors)
The Overall Cost for Comparison is: 5.6% APRC
Interest Calculated: Daily

Minimum – 25 years
Maximum – No Age Limit

Minimum – 2 years
Maximum – 40 years

Minimum Loan £75,000

Maximum Loan £350,000 subject to LTV


Available to customers who own no more than 3 Buy-to-Let properties and intend to use the property for investment purposes only. Further Buy-to-Let lending criteria applies. For full details please contact our experienced underwriters on 01257 235 001 – Option 2 or at

Applicants must have a minimum gross annual income of £20,000 (single applicants) and £25,000 (joint applications). Our decision to lend is based on your client(s) meeting minimum income requirements and Income Coverage Ratios (ICRs).

Basic rate tax payers – rental yield must cover 125% of the mortgage interest payment when stress tested at the higher of 5.50% or the mortgage interest rate plus 2.00%.

Higher and additional rate tax payers – rental yield must cover 135% of the mortgage interest payment when stress tested at the higher of 5.50% or the mortgage interest rate plus 2.00%.

Cashback The Society will pay the applicants £500 cashback on completion of the mortgage to support the costs associated with moving their mortgage to the Society.
Application Fee There is no Application Fee payable for this product.
Mortgage Exit Administration Fee £75 (paid on redemption).
Valuation Fee Paid directly to valuer by the applicant – see Valuation Fee Scale for details. A standard mortgage valuation is required on all properties.
Procuration Fee A Procuration fee will be paid to the Introducer by the Society upon completion of the mortgage. Please refer to your Introducer for details.
Scheme Fee 0.75% of the advance (can be added to the loan, subject to LTV, or paid on completion. Fees added to the loan will accrue interest. Further details are available on application).
Application Fee There is no application fee payable for this this product.
Early Repayment Charge 2.50% of the redemption balance for 2 years.
Overpayments The Society will allow overpayments of up to 10% of the capital balance per annum without invoking an early repayment charge.
Portability You can keep this mortgage should you move to a new property. This mortgage is portable subject to your status meeting our criteria.
Insurance Landlords insurance on the property to be mortgaged is compulsory