PRODUCT CODE - GFBS03

This is a 4.89% 2 year fixed rate mortgage. The overall mortgage must not exceed 75% LTV.

This mortgage is only available for Buy-to-Let Green Further Advances.

The minimum loan amount is £5,000 and the maximum loan amount is £40,000.

The maximum term available is 40 years.

This product has a floor rate.

There may be other fees and charges when taking out a mortgage with us – please see mortgage fees and charges for more information

Representative Example

A mortgage of £200,000 payable over 25 years initially on a fixed rate for 2 years at 4.89% and then on a discount rate for 3 years at 6.60% and then on our Buy To Let Mortgage Variable Rate (MVR) of 8.09% (variable) for the remaining 20 years would require 24 monthly payments of £815.10, 36 monthly payments of £1,100.14 and 240 monthly payments of £1,348.50. 

The total amount payable would be £582,952.85 made up of the loan amount plus interest (£582,832.85), a CHAPS Fee of £25.00 and a Mortgage Discharge Fee of £120.00.

The overall cost for comparison is 7.5% APRC representative.

Please note the example above is for a house purchase on an Interest Only repayment basis.