Charles Derby Mortgage Bureau"Thank you for your help and assistance in this case, it takes me back to the good old days of everything being manually underwritten."Peter Matthews
Buy to let 5 year discount [BD041]
Discounted for 5 years
This product may be withdrawn at any time.
Product key features
Product related fees
There is an arrangement fee of £999 that can be deducted from the mortgage amount or added to the amount borrowed.
If your client adds the fee to their mortgage, they'll pay interest on the fee at the same rate as their mortgage.
There is a minimum mortgage amount of £50,000.
The maximum loan amounts are:
- Up to 70% loan to value = £500,000
- Up to 60% loan to value = £700,000
- Up to 50% loan to value = £950,000
The maximum loan to value is 70%.
Interest rate floor
The interest rate is floored and cannot fall below 2.94%.
Mortgage repayment terms
Your client can repay their mortgage over a minimum of 5 years and a maximum of 35 years.
Early Repayment Charges
There are no Early Repayment Charges meaning you can make overpayments whenever you like without charge.
Here for you
- Discuss how we can help your client
- Update you on your existing cases with us
- Discuss what we can consider for buy to let
- Help you understand our criteria
Your property may be repossessed if you do not keep up repayments on your mortgage.