6.29%
2 year
Fixed Rate
- Scheme
- Fixed for 2 years then reverting to Standard Variable Rate (currently 5.84%, variable) for the remaining term
- Overall Cost Comparison
- 6.2% APR
- Early Repayment Charge
- 4% of the amount being repaid for the first 2 years.
- Loan to value
- 60% loan to value up to £1,000,000 loan amount.
- Arrangement Fee
- 2.5% of the loan amount is due on 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 120% of the interest cost calculated at 6.29%.
- Income Required
- No requirement
- Min. Mortgage Term
- 7 years
- Max. Mortgage Term
- 25 years
- Min. Age
- 21
- Max. Age
- No maximum
- Acceptable Areas
- England, Wales, Scotland, Isle of Wight and Northern Ireland.
