For loans up to 75% of property value
|Product name||Buy to let fixed rate - 5 years Interest Only|
|Initial rate expires on|
31st July 2024
|Rate thereafter||Offset variable Investment Housing Loan Rate, currently |
|Overall cost for comparison||4.8% 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|
|Eligibility||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||£1,000,000|
|Maximum loan to value||75%|
|Minimum loan amount||£80,000|
|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.