BTL Standard Variable Rate (65% LTV)
| Product name | Buy to Let Standard Variable Rate |
| Current rate | 4.89% |
| Term | Standard Variable Rate applies for the term of the mortgage.4.64% |
| Overall cost for comparison | 5.0% APRC
|
| Fees/incentives |
|
| Early repayment charges | None |
| Maximum loan to value | 65% |
| Interest charged | Daily |
Your home may be repossessed if you do not keep up repayments on your mortgage.
This rate is exclusively available to all existing borrowers who wish to either borrow additional funds during their mortgage term or raise additional funds when porting their mortgage.
Flexibility
Flexibility with interest charged daily and once you've made 6 months payments, and if your mortgage is up to date you can apply for a payment break of up to three months each year (during which interest continues to accrue).
Should you wish to pay your mortgage off before the end of the agreed term, a £125.00 redemption fee will be payable, plus any applicable early repayment charges.
Additional Notes
You may only have one included present day valuation which must be carried out by a valuer instructed by us.
Launch date 13.12.21