Buy-To-Let Mortgage Product Details

Aldermore 

RATE

  • 3.58% Fixed for 5 years
  • Reverting to a 3.48% Discounted Variable (1.50% disc) for the remaining term of the mortgage

MAXIMUM LOAN TO VALUE


    • N/A
    • 75%
    • 75%

PRODUCT FEES

Completion 2.00% Advance

Remember that other fees such as valuation fees, legal fees and Stamp Duty may also be payable

EARLY REPAYMENT

  • 1st 5 yrs: 5/4.5/4/3.5/3% Sum Repaid
  • Discharge Fee £90.00

APPLICATION CRITERIA

  • Max Age 85 at end of mortgage
  • £25K

    • No
    • Yes
    • Yes
    • No
    • No
    • No

    • Also for First Time Landlord, Professional Landlord, Property Developer

INCENTIVES

REMTGS free legal fees, No Higher Lending Charge (HLC).

MORTGAGE DETAILS

  • £25K to £600K
  • Max 10 props Excluding Residential. Total Max Advance £2M.
  • Rental Income Min 145.00% of mtge interest. Calc at Revert Rate + 0.75%.. Rental Income AND Income Multiples apply.
  • Great Britain, Excludes Scilly Isles, Excludes Scottish Islands

FLEXIBLE FEATURES

  • Yes
  • No
  • No
  • No
  • No
YOUR BUY-TO-LET PROPERTY MAY BE REPOSSESSED IF YOU FAIL TO KEEP UP REPAYMENTS ON ANY MORTGAGE SECURED ON IT. Written quotations are available from individual lenders. Loans are subject to status and valuation and are not available to persons under the age of 18. All rates are subject to change without notice. Please check all rates and terms with your lender or financial adviser before undertaking any borrowing.
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