Key Criteria Summary

• Products available for those purchasing a second residential property which will not be let out on an AST basis.
• Customers are assessed on affordability. Brokers should contact their BDM to discuss applications.
• Full Interest Only available up to 70% LTV
• Part & Part allowed up to 75% LTV, with a maximum Interest Only element up to 70% LTV
• Capital Repayment available up to 85% LTV

Product Features

• No higher lending charges.
• No booking fees.
• Arrangement fees can be added to loans (within policy maximum LTVs) and are refundable.
• Up to 10% penalty free capital over-repayments each year.
• Interest calculated on a daily basis.
• Tapered early repayment charges – 2 Yr. 3/2%, 5 Yr. 5/5/4/3/2%.
• Available in England, Scotland, Wales, and Northern Ireland.
• Available for purchase and remortgage applications.
• Free standard valuations up to £999.

Second Home 2 Year Fixed Rates up to and including 31^st August 2019

• 10% penalty free capital over-repayments allowed each year
• Available for Interest Only and Interest Only Part & Part applications
• Maximum Interest Only element 70% LTV
• These products are only available for second home applications

Second Home 2 Year Fixed Rate up to and including 31^st August 2019

• 10% penalty free capital over-repayments allowed each year
• This product is available for Capital and Interest applications only
• This product is only available for second home applications

Second Home 5 Year Fixed Rates up to and including 31^st August 2022

• 10% penalty free capital over-repayments allowed each year
• Available for Interest Only and Interest Only Part & Part applications
• Maximum Interest Only element 70% LTV
• These products are only available for second home applications

Second Home 5 Year Fixed Rate up to and including 31^st August 2022

• 10% penalty free capital over-repayments allowed each year
• This product is available for Capital and Interest applications only
• This product is only available for second home applications