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 expires on|
31st March 2027
|Rate thereafter||Offset variable Investment Housing Loan Rate, currently |
|Overall cost for comparison||4.3% APRC|
|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|
Re-mortgages: Free valuation and free legal fees (if using bank's own solicitors
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
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 permitted||Yes, up to 10% of outstanding loan each year without penalty|
# 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.
Our online application makes it quick and easy to apply for your customerApply online
To discuss product and policy queries, or for advice on making an application, speak to your Clydesdale Bank and Virgin Money BDM.Find your BDMs Chat now
To discuss applications already submitted, please call 0800 917 8363.**Monday - Friday, 9.00am - 5.30pm, except Wednesdays, 9.30am - 5.30pm
For all lending policy and new business enquiries:
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