| Interest Rate |
Standard Variable Rate |
Overall Cost For Comparison |
Max % Property Value |
Arrangement Fee |
Application Fee |
|
| Buy-to-Let Mortgage 25% Deposit 3.49% Variable |
|
| 3.49% |
5.99% |
5.8% APRC |
75% |
£899 |
£99 |
|
Key Features
Variable rate
A variable rate, currently 3.49%, which is discounted by 2.50% from our Buy-to-Let Standard Variable Rate for the first 2 years. It then changes to our Buy-To-Let Standard Variable Rate, which is currently 5.99%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 5.8% APRC representative.
What you Pay
- Daily interest.
- An arrangement fee of £899 is payable with the application.
- An application fee of £99 (non-refundable) is payable with the application.
- A valuation fee is payable.
Early repayment charge
An Early Repayment Charge of 3% on the amount repaid will be applied for the duration of the product term. You can overpay by up to 10% of the loan outstanding per calendar year without charge.
What we Pay
- £100 cashback for NEU members upon completion.
Who can apply and more information
- Minimum income of main applicant is £25,000 (£40,000 if joint application).
- Minimum property value of £75,000.
- Minimum loan amount £50,000.
- Not available for houses in multiple occupancy (must be sole occupant, couple or single family unit).
- Not available for first-time buyers or professional landlords.
- A single assured shorthold tenancy agreement will be required.
- Property cannot be let to family members.
- Available for home purchase and remortgage applications.
- This mortgage is not portable.
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £184,000.00 over 27 years initially on a discounted variable rate of 3.49% (equal to a 2.50% discount off our SVR) for 2 years and then our Standard Variable Rate of 5.99% for the remaining term, would require 24 monthly payments of £535.13 and 300 monthly payments of £915.53.
The total amount payable would be £472,957.72 made up of the loan amount plus interest (£287,519.72) with a Application Fee of £99.00, Arrangement Fee of £899.00, Funds Transfer Fee of £25.00, Basic Valuation of £330.00 and a Mortgage Exit Fee of £85.00.
The overall cost for comparison is 5.8% APRC representative.
Call us today on 0800 378 669
This product may be withdrawn or amended at any time, without prior notice
|
| Holiday Let 2 Year Fixed Rate Mortgage 25% Deposit 3.49% Fixed |
|
| 3.49% |
5.99% |
5.7% APRC |
75% |
£899 |
£99 |
|
Key Features
Fixed rate
A fixed rate of 3.49% for the first 2 years (fixed until 14/06/2023). It then changes to our Standard Variable Rate, which is currently 4.89%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 5.7% APRC.
What you Pay
- Daily interest.
- A valuation fee is payable for all properties worth £800,000 or more.
Early repayment charge
An Early Repayment Charge of 3% on the amount repaid will be applied for the duration of the product term. You can overpay by up to 10% of the loan outstanding per calendar year without charge.
What we Pay
- The first valuation fee for properties worth less than £800,000
Who can apply and more information
- Minimum income of main applicant is £25,000 (£40,000 if joint application).
- Minimum property value of £75,000.
- Minimum loan amount £50,000
- Not available for first-time buyers or professional landlords.
- Available for home purchase applications only.
- This mortgage is not portable.
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £184,000.00 over 27 years initially on a fixed rate of 3.49% (Ending on 14 June 2023) and then our Standard Variable Rate of 5.99% for the remaining term, would require 35 monthly payments of £535.13 and 289 monthly payments of £915.48.
The total amount payable would be £468,428.87 made up of the loan amount plus interest (£283,320.87) with a Application Fee of £99.00, Arrangement Fee of £899.00, Funds Transfer Fee of £25.00 and a Mortgage Exit Fee of £85.00.
The overall cost for comparison is 5.7% APRC representative.
Call us today on 0800 378 669
This product may be withdrawn or amended at any time, without prior notice
|
| Holiday Let 2 Year Fixed Remortgage 25% Deposit 3.49% Fixed |
|
| 3.49% |
5.99% |
5.7% APRC |
75% |
£899 |
£99 |
|
Key Features
Fixed rate
A fixed rate of 3.49% for the first 2 years (fixed until 14/06/2023). It then changes to our Standard Variable Rate, which is currently 4.89%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 5.7% APRC.
What you Pay
- Daily interest.
- A valuation fee is payable for all properties worth £800,000 or more.
Early repayment charge
An Early Repayment Charge of 3% on the amount repaid will be applied for the duration of the product term. You can overpay by up to 10% of the loan outstanding per calendar year without charge.
What we Pay
- The first valuation fee for properties worth less than £800,000
- For remortgage applications, legal fees will be paid when using our appointed solicitor. For non-standard remortgages (i.e. shared ownership, transfer of equity, unencumbered property), we will pay £250 towards the legal costs and this will be sent directly to your solicitor on completion of the mortgage.
Who can apply and more information
- Minimum income of main applicant is £25,000 (£40,000 if joint application).
- Minimum property value of £75,000.
- Minimum loan amount £50,000
- Not available for first-time buyers or professional landlords.
- Available for remortgage applications only.
- This mortgage is not portable.
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £184,000.00 over 27 years initially on a fixed rate of 3.49% (Ending on 14 June 2023) and then our Standard Variable Rate of 5.99% for the remaining term, would require 35 monthly payments of £535.13 and 289 monthly payments of £915.48.
The total amount payable would be £468,428.87 made up of the loan amount plus interest (£283,320.87) with a Application Fee of £99.00, Arrangement Fee of £899.00, Funds Transfer Fee of £25.00 and a Mortgage Exit Fee of £85.00.
The overall cost for comparison is 5.7% APRC representative.
Call us today on 0800 378 669
This product may be withdrawn or amended at any time, without prior notice
|
| Holiday Let 5 Year Fixed Mortgage 25% Deposit 3.74% Fixed |
|
| 3.74% |
5.99% |
5.5% APRC |
75% |
£899 |
£99 |
|
Key Features
Fixed rate
A fixed rate of 3.74% for the first 5 years (fixed until 14/07/2025). It then changes to our Standard Variable Rate, which is currently 4.89%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 5.5% APRC.
What you Pay
- Daily interest.
- A valuation fee is payable for all properties worth £800,000 or more.
Early repayment charge
An Early Repayment Charge of 3% on the amount repaid will be applied for the duration of the product term. You can overpay by up to 10% of the loan outstanding per calendar year without charge.
What we Pay
- The first valuation fee for properties worth less than £800,000
Who can apply and more information
- Minimum income of main applicant is £25,000 (£40,000 if joint application).
- Minimum property value of £75,000.
- Minimum loan amount £50,000
- Not available for first-time buyers or professional landlords.
- Available for home purchase applications only.
- This mortgage is not portable.
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £184,000.00 over 27 years initially on a fixed rate of 3.74% (Ending on 14 July 2025) and then our Standard Variable Rate of 5.99% for the remaining term, would require 60 monthly payments of £573.47 and 264 monthly payments of £914.97.
The total amount payable would be £461,087.14 made up of the loan amount plus interest (£275,979.14) with a Application Fee of £99.00, Arrangement Fee of £899.00, Funds Transfer Fee of £25.00 and a Mortgage Exit Fee of £85.00.
The overall cost for comparison is 5.5% APRC representative.
Call us today on 0800 378 669
This product may be withdrawn or amended at any time, without prior notice
|
| Holiday Let 5 Year Fixed Rate Remortgage 25% Deposit 3.74% Fixed |
|
| 3.74% |
5.99% |
5.5% APRC |
75% |
£899 |
£99 |
|
Key Features
Fixed rate
A fixed rate of 3.74% for the first 5 years (fixed until 14/07/2025). It then changes to our Standard Variable Rate, which is currently 4.89%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 5.5% APRC.
What you Pay
- Daily interest.
- A valuation fee is payable for all properties worth £800,000 or more.
Early repayment charge
An Early Repayment Charge of 3% on the amount repaid will be applied for the duration of the product term. You can overpay by up to 10% of the loan outstanding per calendar year without charge.
What we Pay
- The first valuation fee for properties worth less than £800,000
- For remortgage applications, legal fees will be paid when using our appointed solicitor. For non-standard remortgages (i.e. shared ownership, transfer of equity, unencumbered property), we will pay £250 towards the legal costs and this will be sent directly to your solicitor on completion of the mortgage.
Who can apply and more information
- Minimum income of main applicant is £25,000 (£40,000 if joint application).
- Minimum property value of £75,000.
- Minimum loan amount £50,000
- Not available for first-time buyers or professional landlords.
- Available for remortgage applications only.
- This mortgage is not portable.
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £184,000.00 over 27 years initially on a fixed rate of 3.74% (Ending on 14 July 2025) and then our Standard Variable Rate of 5.99% for the remaining term, would require 60 monthly payments of £573.47 and 264 monthly payments of £914.97.
The total amount payable would be £461,087.14 made up of the loan amount plus interest (£275,979.14) with a Application Fee of £99.00, Arrangement Fee of £899.00, Funds Transfer Fee of £25.00 and a Mortgage Exit Fee of £85.00.
The overall cost for comparison is 5.5% APRC representative.
Call us today on 0800 378 669
This product may be withdrawn or amended at any time, without prior notice
|