Let-to-Buy |
Your clients may regard it as a long-term investment or as a relatively short-term arrangement whilst they are working elsewhere. Whatever their plans, we can provide a mortgage that is right for them. Key features of this mortgage |
There may be a variety of reasons for keeping the existing property and letting it out rather than selling it.| Minimum loan: | £25,001 |
| Maximum loan: | £500,000 |
| Value of property: | Not less than £75,000 |
| Max Loan to Value: | 75% of the property value |
| Current variable rate: | 7.19% * |
| Overall cost for comparison: | 7.50% APR * |
| Portable: | Yes |
| Ages: | Min 18 - no maximum |
| Income capacity: | Based on affordability |
| Valuation fee: | See Scale |
| Property location: | England and Wales |
| Repayment methods: | Repayment, interest-only, part & part |
| Arrangement fee: | £200 payable on completion |
| Administration Fee: | £25 |
| Available for new purchase: | Yes |
| Available for remortgage: | Yes |
| Early repayment charge: | For the first 3 years |
| Deeds Release fee: | £50 |
| Redemption fee: | £75 |
* The actual rate payable will depend upon your client's individual circumstances, please ask for a personalised illustration. To discuss your client's requirements, either complete our on-line Enquiry form or telephone our Mortgage Department on 01582 765411. Building insurance cover is required and can be arranged by the Society. |
The Society is authorised and regulated by the
Financial Services Authority