Buy to let

Representative example

A Mortgage of  £177,263.00, payable over 15 years and 0 months (180 months) initially on a discounted rate for 2 years (24 months) of 2.99% and then on our current standard variable rate of 5.34% for the remaining 13 years and 0 months (156 months) would require 24 monthly payments of £441.68 then 156 monthly payments of £788.82. This is based on an interest-only repayment method.  The total amount payable would be £312,603.94 made up of the loan amount plus interest (£134,086.94) and a £999.00 completion fee, £30.00 CHAPS fee, £105.00 legal fees and £120.00 mortgage administration exit fee. The overall cost for comparison is 5.1% representative APRC.

Representative example

A mortgage of £131,779.00 payable over 8 years and 9 months (105 months) initially on a discounted rate for 3 years (36 months) of 3.34% and then on our standard variable rate of 5.34% for the remaining 5 years and 9 months (69 months) would require 36 monthly payments of £366.78 then 69 monthly payments of £586.42. This is based on an interest-only repayment method. The total amount payable would be £186,550.87 made up of the loan amount plus interest (£54,017.87) with a £499.00 completion 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.

Representative example

A Mortgage of  £154,391.00, payable over 15 years and 3 months (183 months) initially on a fixed rate for 5 years (60 months) of 3.09% and then on our standard variable rate of 5.34% for the remaining 10 years and 3 months (123 months) would require 60 monthly payments of £397.56 then 123 monthly payments of £687.04. This is based on an interest-only repayment method. The total amount payable would be £263,420.00 made up of the loan amount plus interest (£108,774.00) with a £30.00 CHAPS fee, £105.00 legal fees, and £120.00 mortgage exit administration fee. The overall cost for comparison is 4.6% representative APRC.

Representative example

A Mortgage of  £167,793.00, payable over 15 years and 5 months (185 months) initially on a fixed rate for 5 years (60 months) of 3.29% and then on our standard variable rate of 5.34% for the remaining 10 years and 5 months (125 months) would require 60 monthly payments of £460.05 then 125 monthly payments of £746.68. This is based on an interest-only repayment method. The total amount payable would be £290,455.46 made up of the loan amount plus interest (£121,408.46) with a £999.00 completion fee, £30.00 CHAPS fee, £105.00 legal fees, and £120.00 mortgage exit administration fee. The overall cost for comparison is 4.7% representative APRC.