Holiday let 5 year fixed rate purchase 5.39%
This product is not available for shared ownership applications
Available for loans up to 75% of the purchase price or valuation of the property, whichever is lower.
PLEASE NOTE: YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
| Deposit % | Term |
Initial interest rate |
Follow on rate |
Overall cost for comparison |
Max LTV |
Arrangement fee |
Application fee |
|---|---|---|---|---|---|---|---|
| 25% | 4 years | 5.39% |
9.49% |
8.3% APRC | 75.0% | £999.00 | £199.00 |
Key features
Fixed rate
A fixed rate, currently 5.39% (Ending on 14 May 2029). It then changes to our buy to let Standard Variable Rate, which is currently 9.49% for the remaining term.
The overall cost for comparison is 8.3% APRC representative.
What you pay
- Daily interest.
- A valuation fee is payable for all properties worth £800,000 or more.
- An application fee of £199 (non-refundable) is payable with the application.
- An arrangement fee of £999.
Early repayment charge
An Early Repayment Charge of 3% on the amount repaid will be applied for the duration of the product term. You can overpay by up to 10% of the loan outstanding per calendar year without charge.What we pay
- The first valuation fee for properties worth less than £800,000
Representative example
A mortgage of £202,047.00 over 26 years initially on a fixed rate of 5.39% (Ending on 14 May 2029) and then our Standard Variable Rate, currently 9.49%, for the remaining term, would require 58 monthly payments of £907.53 and 254 monthly payments of £1588.44.
The total amount payable would be £659,485.40 made up of the loan amount plus interest (£456,130.40) with a Application Fee of £199.00, Arrangement Fee of £999.00, Funds Transfer Fee of £25.00 and a Mortgage Exit Fee of £85.00.
The overall cost for comparison is 8.3% APRC representative.
Please note: the representative example is for a house purchase only. For remortgage applications, certain fees do not apply. Please contact us for details.
This information does not contain all of the details you need to choose a mortgage. Make sure that you read the separate European Standardised Information Sheet before you make a decision. For full details, please call our friendly team on 0800 378 669.
Product Reference: 721
Your home may be repossessed if you do not keep up repayments on your mortgage