Holiday Let 5 Year Fixed Rate up to and including 31st October 2023.
| Rate % | LTV % | Free standard valuation | Fees assisted legal for remortgages | Product fee | Max loan |
|---|---|---|---|---|---|
| 2.74 | 70 | Yes | Yes | £999 | £500,000 |
Product specifics:
- 10% penalty free capital over-repayments permitted each year.
- Tapered early repayment charges, 5 Year – 5/5/4/3/2% until 31st October 2023.
- This product is available for both purchase and remortgage applications.
Reasons to use us:
- Max age 85
- Improved BTL application process
- First time and portfolio landlords accepted
- Dedicated BTL and holiday let underwriters
- No maximum tenancy term but must be an AST
- We lend on HMO properties with up to 5 bedrooms
- No minimum income (evidence of income still required)
- Minimum ICR is 140%, payable on a stress rate of 5.5% for purchase and capital raising remortgages, and 5% for non-capital raising remortgages
- Maximum portfolio of 10 mortgaged rental properties, 4 of which can be with the Society (BTL, Holiday Let or a combination)
- Dedicated second home range for properties not intended to be rented, interest only up to 70%, and part & part up to 75%, and capital and interest up to 85% LTV.
If you have any questions or want more information you can call your dedicated Business Development Manager or visit www.leedsintroducer.co.uk.
