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5 Year IHL Fixed <= 60% LTV - Loan >= £1m Capital and Interest BO1652

For loans up to 60% of property value

Product name5 Year IHL Fixed <= 60% LTV - Loan >= £1m Capital and Interest BO1652
Initial rate5.24%
Initial rate expires on
31st October 2029
Rate thereafterOffset variable Investment Housing Loan Rate, currently
9.74%
Overall cost for comparison8.00% APRC
Product fee
£2,999
Option to add product fees to mortgageThe 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

Purchases: Free Valuation for new customers

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

EligibilityApplicants 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£80,000
Early repayment charge5% in years one and two
4% in year three
3% in year four
2% in year five
Overpayment permittedYes, up to 10% of outstanding loan each year without penalty
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