|
Max LTV |
65% |
65% |
|
Max Loan Size |
Loans up to £500,000 |
|
|
Min Loan Size |
£50,000 |
|
|
5 Year Fixed |
6.84% |
7.29% |
|
Arrangement Fee |
4.99% |
2.50% |
|
Reversion rate |
BBR* + 4.99% |
|
|
ERC |
5 Year Fixed : 5%/5%/4%/3%/2% 10% overpayment permitted on a lump sum basis per annum |
|
|
Application Fee |
£180 |
|
|
Rental calculation (5 year fixed based on payrate) |
These calculations apply to all available property types available within this plan Basic rate taxpayers and Limited Companies/LLPs 125% Basic rate taxpayers and Limited Companies/LLPs HMO/MUB 135% Higher and Additional Rate taxpayers 140% |
Defaults
1 in last 12 months, 0 in last 3 months (Max £5k)
CCJs
1 in last 12 months, 0 n last 3 months (Max £5k)
Missed mortgage / secured payments
1 in last 12 months, 0 in last 3 months
Unsecured arrears
Not assessed for plan assessment, subject to satisfactory explanation
Bankruptcy / IVA
None in the last 72 months
*Only 1 instance in total permitted across Defaults / CCJs and Secured missed payments.
Borrower type criteria
Individual borrowers and Limited Companies (UK SPV)
Does not include Foreign National, Expat, First Time Buyer.
Property type range
Designed to finance houses, leasehold flats and maisonettes including new build properties through limited company SPV or personal names. Includes small HMO, MUB, above or next to commercial.
Does not include Large HMO/MUB or Holiday Lets.
Product information correct as of 27/02/2024.
For intermediaries only.
Your home may be repossessed if you do not keep up repayments on your mortgage or a loan secured against it.
The Financial Conduct Authority does not regulate some aspects of corporate financial planning, property investment or buy to let lending.
