75% LTV Discount Mortgage

Important information

This mortgage is only available to people seeking to buy or re-mortgage a property in order to let it. This mortgage is not available if you already have more than 3 mortgaged buy to let properties owned solely, jointly or in aggregate irrespective of whether the loans are with the Society or another lender. Borrow from £25,000 up to £1,000,000 maximum (please refer applications over £1,000,000). You must buy a property worth at least £50,000 (£75,000 in London postal districts). Although the interest rate will not rise before the end of the fixed rate period, other factors may result in your payments increasing before this date e.g. unpaid amounts being debited to your account.This mortgage is not available if you already have more than 2 mortgaged Holiday Let properties owned solely, jointly or in aggregate irrespective of whether the loans are with the Society or another lender (including current application).

• Drawdown
  There is no drawdown facility with this product.
• Payment holiday
  There is no payment holiday facility with this product.
• Overpayment
  There is an payment holiday facility with this product.
• Underpayment
  There is no underpayment facility with this product.
• Borrow back
  There is no borrow back facility with this product.

Fee, charges and incentives

• Product fees
  £0
• Valuation fees
  The Principality Building Society will bear the cost of a Standard Report and Standard Valuation for Mortgage Purposes Only.
• Legal fees
  If you are re-mortgaging, we will pay the legal fees incurred in securing your new mortgage if you use our solicitors, though they will act for us only. If you would like our solicitors to advise you or carry out additional work, they may do so at your cost, if they agree. If there is additional work involved, our solicitors may be unable to secure your new mortgage. In this instance, you will need to appoint your own solicitor and pay their fees in full. You may always use your own solicitor at your cost, subject to our approval. You must pay all legal fees if purchasing a property.
• Mortgage Commitment Fee
  There is no Mortgage Commitment Fee.
• Early Repayment Charges
  You will incur an early repayment charge of 1% of the amount repaid if you repay the loan in full on or before 30/09/2024.
• Discharge fee
  
• Cashback
  There is no cashback facility with this product.

Insurance

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