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Buy to let fixed rate - Interest Only - Over £1m - Interest Only

For loans up to 60% of property value

Product nameBuy to let fixed rate - Interest Only - Over £1m - Interest Only
Initial rate2.19%
Initial rate expires on
31st January 2023
Rate thereafterOffset variable Investment Housing Loan Rate, currently
4.95%
Overall cost for comparison4.7% 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
Legal and Valuation Fees

Re-mortgages: Free valuation and free legal fees (if using bank's own solicitors

EligibilityThis product is exclusively available for properties in London and South East only. Please speak to your Relationship Partner for further details. Applicants must be aged 18 or over. All loans are subject to status. Security will be required.
Maximum loan amount£1,500,000
Maximum loan to value60%
Minimum loan amount£1,000,000
Early repayment charge3% in year one
2% in year two
Special offers

Remortgage: One free valuation for properties up to £3m. Free standard legals (excluding any fee charged by our preferred legal provider for transferring funds to the previous lender) for properties up to £2m

Overpayment permittedYes, up to 10% of outstanding loan each year without penalty
Apply now

 

# New customers: Free standard legals (excluding any fee charged by our preferred legal provider for transferring funds to the previous lender) and one free valuation on properties worth £3m, or less. If the property to be mortgaged is currently unencumbered then a free valuation is available.

Quick links

Our online application makes it quick and easy to apply for your customer

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