6.59%
2 year
Fixed Rate
- Scheme
- Fixed for 2 years then reverting to Standard Variable Rate (currently 5.94%, variable) for the remaining term
- Overall Cost Comparison
- 6.3% APR
- Early Repayment Charge
- 3% of the amount being repaid for the first year, then 2% until the end of year 2.
- Loan to value
- 70% loan to value up to £500,000 loan amount.
- Arrangement Fee
- 2.5% of the loan amount is added to the loan at completion.
- Broker Fee
- A broker fee of £497 will apply.
- Repayment Options
- Interest only and Repayment.
- Rent To Interest Cover
- The rental income must exceed 130% of the interest cost calculated at 6.59%.
- Income Required
- £20,000
- Min. Mortgage Term
- 5 years
- Max. Mortgage Term
- 40 years
- Min. Age
- 18
- Max. Age
- 85
- Acceptable Areas
- England, Wales, Scotland, Isle of Wight and Northern Ireland.
