60% LTV Buy To Let Discount Mortgage

  • You need a mortgage for an investment property to let out
  • Your rate will be a discount on our SVR
  • Your're able to borrow up to 60% of the value or purchase price of your property (LTV)
  • You're able to borrow up to a maximum of £500,000

IF YOU FAIL TO KEEP UP WITH PAYMENTS ON YOUR MORTGAGE A 'RECEIVER OF RENT' MAY BE APPOINTED AND/OR YOUR RENTAL PROPERTY MAY BE REPOSSESSED

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A mortgage of £127,900 payable over 22 years initially on a variable rate for 2 years at 1.80% and then on our standard variable rate of 5.05% (variable) for the remaining 20 years would require 24 monthly payments of £191.85 and 240 monthly payments of £538.25. The total amount payable would be £261,869.40 made up of the loan amount plus interest (£133,969.40) and a product fee (£0.00) and valuation fee (£0.00). The overall cost for comparison is 4.7% APRC representative.                                                                                          

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