|Product name||Portfolio Flexx for Term (50% LTV)|
|Term||Variable rate for term, currently 2.34%|
|Overall cost for comparison|
|Early repayment charges|
|Maximum loan to value||50%|
Your home may be repossessed if you do not keep up repayments on your mortgage.
This product is only available for Portfolio Landlords. Flexx for Term offers a variable rate for the term of the mortgage. This rate is set independently of Standard Variable Rate and the Bank of England Base Rate. The mortgage benefits from the ability to make unlimited overpayments without incurring early repayment charges and additional borrowing may be available at the same rate (up to the Loan to Value limit of the product).
This product is portable and can be transferred from the existing property to a new property.
Payment holidays may be allowed on this product, please call us for more information.
If the mortgage is paid off before the end of the agreed term, a £125 mortgage exit fee will be payable, plus any applicable early repayment charges.
Application and valuation fees (where applicable) are payable on application, and are non-refundable. The application will not be processed until these fees are received. This means the product is not reserved and a valuation will not be instructed.
We will instruct one valuation (up to a maximum of £700) once we've reviewed your application. Fees will apply if the valuation costs more than £700. The valuation is for our benefit only and used to confirm whether we can lend on the property. It's important to remember that we decide the type of valuation most appropriate to the application; therefore a physical inspection of the property may not be required.
When transferring an existing mortgage, our Remortgage Transfer Service will make moving your mortgage to us even easier. For full details of what's included, please see below.
Launch date 18.07.19