In the current interest rate environment many mortgage holders are choosing to fix their rates for added security. We’ve launched three new five year fixed rate products for:
- Later life: applicants 50+, with no max age and up to 40 year term. 3.50% fixed until 30/09/2023. 75% LTV up to £500k. App fee £199, completion fee £500, CHAPS fee £35.
Valuation fee may also be payable.
- Buy to let: for landlords with max 3 properties in whole portfolio. 3.50% fixed until 30/09/2023. 80% LTV up to £500k. App fee £199, completion fee £1,250, CHAPS fee £35.
Valuation fee may also be payable.
- Expat buy to let: for UK nationals, salary can be paid in foreign currency. 4.15% fixed until 30/09/2023. 75% LTV up to £500k. App fee £199, completion fee £1,499, CHAPS fee £35.
Valuation fee may also be payable.
Here are five reasons why you should think about fixing with us for five years:
- Residential affordability calculated on product pay rate only – no stress testing
- BTL rental cover calculated at 125% of pay rate for transitional (applicant remortgaging from another lender, not changing borrowing requirement and must be on existing BTL contract taken out prior to 1 January 2017)
- No maximum age on any of our mortgage deals
- 50% ERC free overpayments (calculated on original loan amount). ERC 5% until 30/09/2023
- Expert manual underwriting on all applications, taking personal circumstances into account
Note: our five year range has limited availability and products may be withdrawn at any time.
View our current range of later life, buy to let and expat products.
