| Summary |
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Mortgage: 3 year discount
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Product Code: K289
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Offer Rate: 6.19%
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Current Variable Rate: 7.19%
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Overall Cost For Comparison: 7.3% APR variable
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Loan To Value: Up To 75%
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Buy To Let Variable Discounted Mortgage Products
| Permitted Borrowing Allowed |
Where borrowing is under 75% of the property's value |
| Mortgage |
3 year discount |
| Product Code |
K289 |
| Offer Rate |
6.19% |
| Available Offer |
Variable rate currently 7.19% with a discount of 1% for 3
years, then moving to Society's standard variable rate |
| Current variable rate applicable after offer |
7.19% |
| The overall cost for comparison is |
7.3% APR variable |
| Loan to Value applicable to product |
Up to 75% |
Additional Features
| Cashback Available |
None |
| Valuation Fee |
Applicable dependent upon property Scale in
Charges and Fees section |
| Administration Fee |
£750 |
| Portable |
Yes |
| Available for New Purchase Purposes |
Yes |
| Available for Re-mortgage Purposes |
Yes |
| Capital Repayments During Period of Mortgage |
Yes |
Additional information applicable to discounted mortgage K289
- Minimum valuation/purchase price £25,000
- The administration and valuation fee will be added to the debt
on completion
- Tenancy must be by way of a formal assured shorthold tenancy
agreement for a term of between 6 and 12 months
- Property must be let as a single unit to a person in paid
employment. It is the Society's policy not to permit DSS claimants
or student lets
- Life, Accident, Sickness and Unemployment insurance is
recommended by the Society and can be arranged with the applicants
if required
- Building and contents insurance cover will be recommended and
can be arranged by the Society through our Home Insurance policy
- A private insurance fee will be charged if buildings insurance
is not arranged by the Society. The fee applicable is £25
- Early repayment Charge: A charge will be made equivalent to the
monetary value of the benefit received if the mortgage is repaid
during the period of the mortgage product. In the case of part
redemptions, where the debt is reduced to below 90%, the charge will
be pro rata.
- Minimum advance applicable is £25,000
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