Buy to let

Representative example

A Mortgage of £144,167.00 payable over 15 years and 5 months (185 months) initially on a discounted rate for 2 years (24 months) of 2.49% and then on our current standard variable rate of 5.34% for the remaining 13 years and 5 months (161 months) would require 24 monthly payments of £299.15 then 161 monthly payments of £641.54. This is based on an interest-only repayment method.  The total amount payable would be £256,978.02 made up of the loan amount plus interest (£110,737.02) and a £220.00 valuation fee, £1499.00 completion fee, £100.00 booking fee, £30.00 CHAPS fee, £105.00 legal fees and £120.00 mortgage administration exit fee. The overall cost for comparison is 5.1% representative APRC.

Representative example

A Mortgage of  £144,167.00, payable over 15 years and 5 months (185 months) initially on a discounted rate for 2 years (24 months) of 3.14% and then on our current standard variable rate of 5.34% for the remaining 13 years and 5 months (161 months) would require 24 monthly payments of £377.24 then 161 monthly payments of £641.54. This is based on an interest-only repayment method.  The total amount payable would be £258,011.29 made up of the loan amount plus interest (£112,690.29) and a £200.00 valuation fee, £699.00 completion fee, £30.00 CHAPS fee, £105.00 legal fees and £120.00 mortgage administration exit fee. The overall cost for comparison is 5.2% representative APRC.

Representative example

A Mortgage of  £122,585.00, payable over 16 years and 7 months (199 months) initially on a fixed rate for 3 years (36 months) of 3.09% and then on our standard variable rate of 5.34% for the remaining 13 years and 7 months (163 months) would require 36 monthly payments of £315.66 then 163 monthly payments of £545.50. This is based on an interest-only repayment method. The total amount payable would be £224,615.38 made up of the loan amount plus interest (£100,576.38) with a £999.00 completion fee, £200.00 valuation fee, £30.00 CHAPS fee, £105.00 legal fees, and £120.00 mortgage exit administration fee. The overall cost for comparison is 5.0% representative APRC.

Representative example

A Mortgage of  £122,585.00, payable over 16 years and 7 months (199 months) initially on a fixed rate for 5 years (60 months) of 3.39% and then on our standard variable rate of 5.34% for the remaining 11 years and 7 months (139 months) would require 60 monthly payments of £346.30 then 139 monthly payments of £545.50. This is based on an interest-only repayment method. The total amount payable would be £220,967.64 made up of the loan amount plus interest (£96,928.64) with a £999.00 completion fee, £200.00 valuation fee, £30.00 CHAPS fee, £105.00 legal fees, and £120.00 mortgage exit administration fee. The overall cost for comparison is 4.8% representative APRC.