For loans up to 60% of property value
| Product name | 2 year fixed rate BTL – Over £1m – London and South East only - BO1343 - Capital and Interest |
| Initial rate | 4.95% |
| Initial rate expires on | 31st December 2027 |
| Rate thereafter | Offset variable Investment Housing Loan Rate, currently 7.49% |
| Overall cost for comparison | 7.20% APRC |
| Product fee | £2,999 |
| Option to add product fees to mortgage | The product fee can be added to the loan, unless it takes a residential loan over 95% LTV or a BTL loan over 80% LTV. |
| Legal and Valuation Fees | Purchase: One free valuation for properties up to £3m Remortgage or Unencumbered: 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 Properties over £3m – No incentives All incentives are subject to qualifying criteria being met |
| Eligibility | This 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 value | 60% |
| Minimum loan amount | £1,000,000 |
| Early repayment charge | 2.5% in year one 1.5% in year two |
| Special offers | Purchase: One free valuation for properties up to £3m Remortgage or Unencumbered: 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 Properties over £3m – No incentives All incentives are subject to qualifying criteria being met |
| Overpayment permitted | Yes, up to 10% of outstanding loan each year without penalty |
| Apply now |
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