Mortgages for Business is committed to keeping both our staff and clients safe during the COVID-19 outbreak while maintaining the best service possible. Our teams are working from home, but don’t worry, you can still contact us in the usual ways.
To read our comprehensive FAQ guide on how the emergency interest rate reduction and Coronavirus outbreak could affect your mortgage, please click here.
If you want to request a payment holiday, please contact your lender directly. For lender contact details, click here.

1.35% Fixed

Rate Type
Fixed
Initial Rate
1.35%
Overall Cost For Comparison (APR)
3.9%
Initial Period
2 years to 30/09/2022.
Reversion Rate
4.09% (SVR).
Purchase/Remortgage
Purchase only
Max LTV
60%
Min - Max Loan Amount
£2,000,000
Min - Max Mortgage Term
3 to 30 years.
Min - Max Age
From 18 years to 66 years old.
Income Required
A salary of at least £25,000 is required.
Repayment Options
Interest only or repayment.
Rent to Interest Cover
145% at 5.50%.
Acceptable property locations
England, Wales, Scotland, Isle of Wight, Northern Ireland
Early Repayment Charges
2% of the amount being repaid until 30/09/2021, then 1% until 30/09/2022 (You can overpay a maximum of 10% of your outstanding mortgage balance in each 12 month period commencing on completion of your mortgage,).
Arrangement Fee
£995 due on completion.
Broker Fee
A broker fee of £597 will apply.
Free Legals and Valuations
No fees free options are available.
Features

NB: ANY PROPERTY USED AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

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