For loans up to 75% of property value
| Product name | Buy to let fixed rate - Over £1m - 5 years Capital and Interest BO1348 |
| Initial rate | 5.34% |
| Initial rate expires on | 31st August 2030
|
| Rate thereafter | Offset variable Investment Housing Loan Rate, currently 7.74% |
| Overall cost for comparison | 6.90% 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: Free Valuation Re-mortgages: Free valuation and free legal fees (if using bank's own solicitors) |
| Eligibility | This product is exclusively available for properties in London and South East only. 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 | Purchase: One free valuation for properties up to £3m 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 Properties over £3m – No incentives All incentives are subject to qualifying criteria being met. Three months personal bank statements required where the mortgage is £1,000,000 or above. The product fee for existing customers completing a product transfer is £1499 |
| Overpayment permitted | Yes, up to 10% of outstanding loan each year without penalty |
| Apply now |
Our online application makes it quick and easy to apply for your customer
Apply onlineTo discuss product and policy queries, or for advice on making an application, speak to your Clydesdale Bank and Virgin Money BDM.
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Clydesdale Bank PLC Registered in Scotland (Number SC001111). Registered Office: 177 Bothwell Street, Glasgow G2 7ER.
