Buy-To-Let Mortgage Product Details
Post Office Money®
RATE
- Introductory:
1.91% Fixed to 30/04/2021
- After That:
Reverting to a 5.24% Variable for the remaining term of the mortgage
MAXIMUM LOAN TO VALUE
- Property Purchase
First Time Buyer:
N/A
Second Time Buyer:
70%
Remortgage:
70%
PRODUCT FEES
Arrangement £995
Remember that other fees such as valuation fees, legal fees and Stamp Duty may also be payable
EARLY REPAYMENT
- Early Repayment charge:
To 30/4/21: 3/2% Sum Repaid
- Exit fees:
Deferred Arrangement Fee £195.00
APPLICATION CRITERIA
- Maximum Age:
Max Age 80 at end of mortgage
- Minimum Earned Income:
N/A
- Available To:
First Time Buyer:
Second Time Buyer:
Remortgages:
Expat First Time Buyer:
Expat Second Time Buyer:
Expat Remortgages:
Specialist Landlord Types
Also for First Time Landlord, Professional Landlord
INCENTIVES
Free valuation fees, £300 cashback
MORTGAGE DETAILS
Minimum/maximum loan:
Min £50K
Maximum number of properties allowed:
Max 3 props Total Max Advance £1.5M.
Minimum rental income required:
Rental Income Min 145.00% of mtge interest. Calc at Managed Rate of 5.50%.
Location of property:
Great Britain, Northern Ireland
FLEXIBLE FEATURES
Overpayments:
Underpayments:
Payment Holidays:
Drawdown:
Lump sum:
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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