Standard Buy to Let

Available to customers looking to purchase or re-mortgage residential buy-to-let property in England and Wales which is let subject to an assured shorthold tenancy agreement. 
 Maximum Advance LTV 60%
 Current Standard Variable Rate 5.99%
 The overall cost for comparison is 6.4% APR
 Arrangement fee 1.50% of the advance. Minimum £995.£250 must be submitted with the application and is non-refundable.
 Valuation fee Dependent on property price. See Your Guide to Mortgages.
 Early repayment charge 3% of the amount repaid in the first year.
 Minimum advance £40,000
 Maximum advance £500,000 total for any number of properties
 Method of repayment Capital and interest or interest only with an acceptable repayment vehicle.

 Interest is calculated annually as at 31st December.

Individual assessment is given to all applicants by experienced underwriters.

A minimum personal income of £25,000 is required and rental 1.35 x monthly mortgage repayment.

Reference enquiries will be taken up and credit searches made.

Cases may be declined due to previous loan arrears or if essential information is not disclosed on the application form.

You are not required to buy any insurance through Buckinghamshire Building Society.

Variable interest rates can go up or down. 

The actual rate available will depend upon your circumstances. Ask for a personalised illustration. Mortgage Department 01494 879517.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE