|Product name||BTL Portfolio FlexxFix to 31.07.27|
|Term||3.25% Flexx Fixed rate to 31.07.27Followed by 4.49% Variable for remainder of term|
|Overall cost for comparison|
|Early repayment charges|
|Maximum loan to value||75%|
Your home may be repossessed if you do not keep up repayments on your mortgage.
This product is only available for Portfolio Landlords. Flexx fixed rates offer security - the interest rate on the mortgage won't change for an initial period, so the monthly payments will remain the same during this time regardless of whether interest rates rise or fall. The mortgage also benefits from the ability to make unlimited overpayments without incurring early repayment charges.
This product is portable and can be transferred from the existing property to a new property.
If the mortgage is paid off before the end of the agreed term, a £125 mortgage exit fee will be payable, plus any applicable early repayment charges.
Application and valuation fees (where applicable) are payable on application, and are non-refundable. The application will not be processed until these fees are received. This means the product is not reserved and a valuation will not be instructed.
We will instruct one valuation (up to a maximum of £700) once we've reviewed your application. Fees will apply if the valuation costs more than £700. The valuation is for our benefit only and used to confirm whether we can lend on the property. It's important to remember that we decide the type of valuation most appropriate to the application; therefore a physical inspection of the property may not be required.
When transferring an existing mortgage, our Remortgage Transfer Service will make moving your mortgage to us even easier. For full details of what's included, please see below.
Launch date 15.10.21