For loans up to 75% of property value
|Product name||Buy to let fixed rate - Over £1m - 5 years Capital and Interest|
|Initial rate expires on|
31st January 2025
|Rate thereafter||Offset variable Investment Housing Loan Rate, currently |
|Overall cost for comparison||4.6% APRC|
|Option to add product fees to mortgage||Yes 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||For more information visit Valuation Fees page|
This product is exclusively available for properties in London and South East only. Available for purchase and remortgage, new applications and product transfer. 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||75%|
|Minimum loan amount||£1,000,000|
|Early repayment charge||5% in years one and two|
4% in year three
3% in year four
2% in year five
|Special offers||Remortgage: Legal fees and valuation paid for remortgages only #|
|Overpayment permitted||Yes, up to 10% of outstanding loan each year without penalty|
# 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 £2m, or less. If the property to be mortgaged is currently unencumbered then a free valuation is available.
For all lending policy and new business enquiries:
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Clydesdale Bank PLC Registered in Scotland (Number SC001111). Registered Office: 30 St Vincent Place, Glasgow G1 2HL.