11:15 AM, 10th June 2021, About A year ago
A very competitive 80% Loan to Value 5 year fixed Buy-to-Let mortgage product has been released today by the Buckinghamshire Building Society available to limited companies and first-time landlords, but not, unfortunately, portfolio landlords (personal individual applicants cannot have more than 3 mortgaged BTL upon completion).
The 5 year product is fixed at 3.09% till the 31/08/2026 – with an early redemption penalty starting in the first year of 5% reducing by 1% for each subsequent year and a fixed lenders fee of £1,495. Follow on rate BTL SVR currently 5.49%. The overall cost for comparison is 4.6% APRC.
Minimum loan size £50,000.
Maximum loan size £750,000.
The maximum mortgage term is 40 years dependent on individual circumstances.
Minimum income criteria is £35,000 and available for purchases or remortgages.
This is a fast, low cost, 80% (including fees) LTV product. Non-indemnity search insurance can be used for re-mortgages only to help with speed of completion.
For further information on this particular product or any type of property finance please contact me using the form below and myself and the team will be happy to help.