YOU COULD LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE
Buy to Let products
| Product name | Current rate | Max LTV | Fees applicable | Valuation included | ERC free | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Buy to Let 2 Year Discount Mortgage BD2-BTLD93 1.69% variable - Buy to Let 2 Year Discount Mortgage - [BD2 - BTLD93]
SPECIAL MORTGAGE SCHEME With effect from 26 February 2021 Available throughout England and Wales YOU COULD LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE
Fees payable to Hinckley & Rugby Building Society(please see "Fees notes" below for further details of these fees and when they are payable)Arrangement fee: £250 (non-refundable) Completion fee: £999 (non-refundable) Property assessment fee: Scale fee applies - see table below. Mortgage exit admin fee: £150 (non-refundable) Early repayment charge: Early repayment charge payable as follows: During years 1 & 2: 2% of the amount repaid early plus fees This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage. Fees notesArrangement fee: Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment. Completion fee: This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges. Property assessment fee: Please see the table below for details of the applicable fee:
For a price or value exceeding £5 million, please contact the Society for further details. If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application. All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received. Mortgage exit administration fee: Payable on redemption of mortgage. Early repayment charge: This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage. Overpayments: Overpayments of up to 10% per year may be made without incurring the early repayment charge. Special features of 1.69% products
Standard features of all Hinckley & Rugby Buy to Let Mortgage Schemes
In addition to our normal underwriting policy requirements and the information in the individual product Key Features leaflets, the criteria below also apply:
Advice about letting your propertyBuying a rental property is very different from buying a home to live in. It is recommended that you take advice about purchasing property to let or on letting property you already own from any of these specialist agencies: Further guidance and information about letting properties is also available on the Council of Mortgage Lenders’ (CML) website by clicking here. YOU COULD LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE
| 1.69% | 60% | Arrangement fee: £250 Completion fee: £999 (can be added) | No | No | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Buy to Let 2 Year Discount Mortgage BD2-BTLD88 2.29% variable - Buy to Let 2 Year Discount Mortgage - [BD2 - BTLD88]
SPECIAL MORTGAGE SCHEME With effect from 26 February 2021 Available throughout England and Wales YOU COULD LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE
Fees payable to Hinckley & Rugby Building Society(please see "Fees notes" below for further details of these fees and when they are payable)Arrangement fee: £250 (non-refundable) Completion fee: £999 (non-refundable) Property assessment fee: Scale fee applies - see table below. Mortgage exit admin fee: £150 (non-refundable) Early repayment charge: Early repayment charge payable as follows: During years 1 & 2: 2% of the amount repaid early plus fees This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage. Fees notesArrangement fee: Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment. Completion fee: This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges. Property assessment fee: Please see the table below for details of the applicable fee:
For a price or value exceeding £5 million, please contact the Society for further details. If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application. All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received. Mortgage exit administration fee: Payable on redemption of mortgage. Early repayment charge: This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage. Overpayments: Overpayments of up to 10% per year may be made without incurring the early repayment charge. Special features of 1.69% products
Standard features of all Hinckley & Rugby Buy to Let Mortgage Schemes
In addition to our normal underwriting policy requirements and the information in the individual product Key Features leaflets, the criteria below also apply:
Advice about letting your propertyBuying a rental property is very different from buying a home to live in. It is recommended that you take advice about purchasing property to let or on letting property you already own from any of these specialist agencies: Further guidance and information about letting properties is also available on the Council of Mortgage Lenders’ (CML) website by clicking here. YOU COULD LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE
| 2.29% | 75% | Arrangement fee: £250 Completion fee: £999 (can be added) | No | No | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Buy to Let Basic Variable Rate Mortgage buy-to-let-BVR-BTLBVR 5.89% - Buy to Let Basic Variable Rate Mortgage - [buy-to-let-BVR - BTLBVR]
BUY TO LET BASIC VARIABLE RATE With effect from 9th April 2020 Available throughout England and Wales YOU COULD LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE
Fees payable to Hinckley & Rugby Building Society(please see "Fees notes" below for further details of these fees and when they are payable)Arrangement fee: £745 (non-refundable) Completion fee: Free Property assessment fee: Scale fee applies - see table below. Mortgage exit admin fee: £150 (non-refundable) Early repayment charge: None Fees notesArrangement fee: Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment. Completion fee: This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges. Property assessment fee: Please see the table below for details of the applicable fee:
For a price or value exceeding £5 million, please contact the Society for further details. If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application. All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received. Mortgage exit administration fee: Payable on redemption of mortgage. Standard features of all Hinckley & Rugby Buy to Let Mortgage Schemes
In addition to our normal underwriting policy requirements and the information in the individual product Key Features leaflets, the criteria below also apply:
Advice about letting your propertyBuying a rental property is very different from buying a home to live in. It is recommended that you take advice about purchasing property to let or on letting property you already own from any of these specialist agencies: Further guidance and information about letting properties is also available on the Council of Mortgage Lenders’ (CML) website by clicking here.
YOU COULD LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE | 5.89% | 75% | Arrangement fee: £745 Completion fee: None | No | Yes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Buy to Let 2 Year Fixed Rate Mortgage BF2-BTLF42 1.99% fixed - Buy to Let 2 Year Fixed Rate Mortgage - [BF2 - BTLF42]
With effect from 26 February 2021 Available throughout England and Wales YOU COULD LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE
Fees payable to Hinckley & Rugby Building Society(please see "Fees notes" below for further details of these fees and when they are payable)Arrangement fee: £250 (non-refundable) Completion fee: £999 (non-refundable) Property assessment fee: Scale fee applies - see table below. Mortgage exit admin fee: £150 (non-refundable) Early repayment charge: Early repayment charge payable as follows: During years 1 & 2: 2% of the amount repaid early plus fees This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage. Fees notesArrangement fee: Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment. Completion fee: This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges. Property assessment fee: Please see the table below for details of the applicable fee:
For a price or value exceeding £5 million, please contact the Society for further details. If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application. All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received. Mortgage exit administration fee: Payable on redemption of mortgage. Early repayment charge: This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage. Overpayments: Overpayments of up to 10% per year may be made without incurring the early repayment charge. Special features of 1.99% products
Standard features of all Hinckley & Rugby Buy to Let Mortgage Schemes
In addition to our normal underwriting policy requirements and the information in the individual product Key Features leaflets, the criteria below also apply:
Advice about letting your propertyBuying a rental property is very different from buying a home to live in. It is recommended that you take advice about purchasing property to let or on letting property you already own from any of these specialist agencies: Further guidance and information about letting properties is also available on the Council of Mortgage Lenders’ (CML) website by clicking here. YOU COULD LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE
| 1.99% | 60% | Arrangement fee: £250 Completion fee: £999 (can be added) | No | No | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Buy to Let 2 Year Fixed Rate Mortgage BF2-BTLF38 2.79% fixed - Buy to Let 2 Year Fixed Rate Mortgage - [BF2 - BTLF38]
With effect from 26 February 2021 Available throughout England and Wales YOU COULD LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE
Fees payable to Hinckley & Rugby Building Society(please see "Fees notes" below for further details of these fees and when they are payable)Arrangement fee: £250 (non-refundable) Completion fee: £999 (non-refundable) Property assessment fee: Scale fee applies - see table below. Mortgage exit admin fee: £150 (non-refundable) Early repayment charge: Early repayment charge payable as follows: During years 1 & 2: 2% of the amount repaid early plus fees This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage. Fees notesArrangement fee: Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment. Completion fee: This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges. Property assessment fee: Please see the table below for details of the applicable fee:
For a price or value exceeding £5 million, please contact the Society for further details. If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application. All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received. Mortgage exit administration fee: Payable on redemption of mortgage. Early repayment charge: This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage. Overpayments: Overpayments of up to 10% per year may be made without incurring the early repayment charge. Special features of 1.99% products
Standard features of all Hinckley & Rugby Buy to Let Mortgage Schemes
In addition to our normal underwriting policy requirements and the information in the individual product Key Features leaflets, the criteria below also apply:
Advice about letting your propertyBuying a rental property is very different from buying a home to live in. It is recommended that you take advice about purchasing property to let or on letting property you already own from any of these specialist agencies: Further guidance and information about letting properties is also available on the Council of Mortgage Lenders’ (CML) website by clicking here. YOU COULD LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE
| 2.79% | 75% | Arrangement fee: £250 Completion fee: £999 (can be added) | No | No | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Buy to Let Lifetime Discount Mortgage BLD-BTLD81 3.14% variable - Buy to Let Lifetime Discount Mortgage - [BLD - BTLD81]
With effect from 26 February 2021 Available throughout England and Wales YOU COULD LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE
Fees payable to Hinckley & Rugby Building Society(please see "Fees notes" below for further details of these fees and when they are payable)Arrangement fee: £250 (non-refundable) Completion fee: £1250 (non-refundable) Property assessment fee: Free where the price or value of the property is £1million or less. Mortgage exit admin fee: £150 (non-refundable) Early repayment charge: None Fees notesArrangement fee: Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment. Completion fee: This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges. Property assessment fee: Property assessment fee payable on prices or values of more than £1million (non-refundable after property assessment carried out for the Society):
For a price or value exceeding £5 million, please contact the Society for further details. If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application. All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received. Mortgage exit administration fee: Payable on redemption of mortgage. Special FeaturesOffset facility available if required – please click here to see further information This facility is not available for the 2.99% product. Standard features of all Hinckley & Rugby Buy to Let Mortgage Schemes
In addition to our normal underwriting policy requirements and the information in the individual product Key Features leaflets, the criteria below also apply:
Advice about letting your propertyBuying a rental property is very different from buying a home to live in. It is recommended that you take advice about purchasing property to let or on letting property you already own from any of these specialist agencies:
YOU COULD LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE | 3.14% | 75% | Arrangement fee: £250 Completion fee: £1250 (can be added) | Free where the price or the value of the property is £1million or less | Yes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Buy to Let Lifetime Discount Offset Mortgage BLD-BTLO81 3.14% variable - Buy to Let Lifetime Discount Offset Mortgage - [BLD - BTLO81]
SPECIAL MORTGAGE SCHEME
With effect from 26 February 2021
Available throughout England and Wales
YOU COULD LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE
Fees payable to Hinckley & Rugby Building Society(please see "Fees notes" below for further details of these fees and when they are payable)Arrangement fee: £250 (non-refundable) Completion fee: £1250 (non-refundable) Property assessment fee: Free where the price or value of the property is £1million or less. Mortgage exit admin fee: £150 (non-refundable) Early repayment charge: None Fees notesArrangement fee: Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment. Completion fee: This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges. Property assessment fee: Property assessment fee payable on prices or values of more than £1million (non-refundable after property assessment carried out for the Society):
For a price or value exceeding £5 million, please contact the Society for further details. If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application. All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received. Mortgage exit administration fee: Payable on redemption of mortgage. Special FeaturesOffset facility available if required – please click here to see further information Standard features of all Hinckley & Rugby Buy to Let Mortgage Schemes
In addition to our normal underwriting policy requirements and the information in the individual product Key Features leaflets, the criteria below also apply:
Advice about letting your propertyBuying a rental property is very different from buying a home to live in. It is recommended that you take advice about purchasing property to let or on letting property you already own from any of these specialist agencies:
Further guidance and information about letting properties is also available on the Council of Mortgage Lenders’ (CML) website by clicking here. YOU COULD LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE | 3.14% | 75% | Arrangement fee: £250 Completion fee: £1250 (can be added) | Free where the price or the value of the property is £1million or less | Yes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Buy to Let 5 Year Fixed Rate Mortgage BF5-BTLF19 3.25% fixed - Buy to Let 5 Year Fixed Rate Mortgage - [BF5 - BTLF19]
SPECIAL MORTGAGE SCHEME With effect from 26 February 2021 Available throughout England and Wales YOU COULD LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE
Fees payable to Hinckley & Rugby Building Society(please see "Fees notes" below for further details of these fees and when they are payable)Arrangement fee: £250 (non-refundable) Completion fee: £999 (non-refundable) Property assessment fee: Scale fee applies - see table below. Mortgage exit admin fee: £150 (non-refundable) Early repayment charge: During year 1: 5% of the amount repaid early plus fees Fees notesArrangement fee: Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment. Completion fee: This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges. Property assessment fee: Please see the table below for details of the applicable fee:
For a price or value exceeding £5 million, please contact the Society for further details. If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application. All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received. Mortgage exit administration fee: Payable on redemption of mortgage. Early repayment charge: This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage. Overpayments: Overpayments of up to 10% per year may be made without incurring the early repayment charge. Standard features of all Hinckley & Rugby Buy to Let Mortgage Schemes
In addition to our normal underwriting policy requirements and the information in the individual product Key Features leaflets, the criteria below also apply:
Advice about letting your propertyBuying a rental property is very different from buying a home to live in. It is recommended that you take advice about purchasing property to let or on letting property you already own from any of these specialist agencies:
Further guidance and information about letting properties is also available on the Council of Mortgage Lenders’ (CML) website. YOU COULD LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE | 3.25% | 60% | Arrangement fee: £250 Completion fee: £999 (can be added) | No | No | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Buy to Let 5 Year Fixed Rate Mortgage BF5-BTLF24 3.69% fixed - Buy to Let 5 Year Fixed Rate Mortgage - [BF5 - BTLF24]
SPECIAL MORTGAGE SCHEME With effect from 26 February 2021 Available throughout England and Wales YOU COULD LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE
Fees payable to Hinckley & Rugby Building Society(please see "Fees notes" below for further details of these fees and when they are payable)Arrangement fee: £250 (non-refundable) Completion fee: £999 (non-refundable) Property assessment fee: Scale fee applies - see table below. Mortgage exit admin fee: £150 (non-refundable) Early repayment charge: During year 1: 5% of the amount repaid early plus fees Fees notesArrangement fee: Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment. Completion fee: This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges. Property assessment fee: Please see the table below for details of the applicable fee:
For a price or value exceeding £5 million, please contact the Society for further details. If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application. All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received. Mortgage exit administration fee: Payable on redemption of mortgage. Early repayment charge: This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage. Overpayments: Overpayments of up to 10% per year may be made without incurring the early repayment charge. Standard features of all Hinckley & Rugby Buy to Let Mortgage Schemes
In addition to our normal underwriting policy requirements and the information in the individual product Key Features leaflets, the criteria below also apply:
Advice about letting your propertyBuying a rental property is very different from buying a home to live in. It is recommended that you take advice about purchasing property to let or on letting property you already own from any of these specialist agencies:
Further guidance and information about letting properties is also available on the Council of Mortgage Lenders’ (CML) website. YOU COULD LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE | 3.69% | 75% | Arrangement fee: £250 Completion fee: £999 (can be added) | No | No | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Buy to Let Later Life 2 Year Fixed LLBTL-LLBF5 3.29% fixed - Buy to Let Later Life 2 Year Fixed - [LLBTL - LLBF5]
SPECIAL MORTGAGE SCHEME With effect from 2nd December 2020 Available throughout England and Wales Mortgage product specifically for later life borrowers who will be over 75 at the end of their term. YOU COULD LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE
Fees payable to Hinckley & Rugby Building Society(please see "Fees notes" below for further details of these fees and when they are payable)Arrangement fee: £250 (non-refundable) Completion fee: £999 (non-refundable) Property assessment fee: Scale fee applies - see table below. Mortgage exit admin fee: £150 (non-refundable) Early repayment charge: Early repayment charge payable as follows: During years 1 & 2: 2% of the amount repaid early plus fees This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage. Fees notesArrangement fee: Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment. Completion fee: This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges. Property assessment fee: Please see the table below for details of the applicable fee:
For a price or value exceeding £5 million, please contact the Society for further details. If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application. All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received. Mortgage exit administration fee: Payable on redemption of mortgage. Early repayment charge: This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage. Overpayments: Overpayments of up to 10% per year may be made without incurring the early repayment charge.
Standard features of all Hinckley & Rugby Buy to Let Mortgage Schemes
In addition to our normal underwriting policy requirements and the information in the individual product Key Features leaflets, the criteria below also apply:
Advice about letting your propertyBuying a rental property is very different from buying a home to live in. It is recommended that you take advice about purchasing property to let or on letting property you already own from any of these specialist agencies: Further guidance and information about letting properties is also available on the Council of Mortgage Lenders’ (CML) website by clicking here. YOU COULD LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE | 3.29% | 75% | Arrangement fee: £250 Completion fee: £999 (can be added) | No | No | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Buy to Let Later Life 5 Year Fixed LLBTL-LLBF2 3.89% fixed - Buy to Let Later Life 5 Year Fixed - [LLBTL - LLBF2]
With effect from 9 April 2020 Available throughout England and Wales Mortgage product specifically for later life borrowers who will be over 75 at the end of their term. YOU COULD LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE
Fees payable to Hinckley & Rugby Building Society(please see "Fees notes" below for further details of these fees and when they are payable)Arrangement fee: £250 (non-refundable) Completion fee: £999 (non-refundable) Property assessment fee: Scale fee applies - see table below. Mortgage exit admin fee: £150 (non-refundable) Early repayment charge: During year 1: 5% of the amount repaid early plus fees Fees notesArrangement fee: Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment. Completion fee: This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges. Property assessment fee: Please see the table below for details of the applicable fee:
For a price or value exceeding £5 million, please contact the Society for further details. If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application. All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received. Mortgage exit administration fee: Payable on redemption of mortgage. Early repayment charge: This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage. Overpayments: Overpayments of up to 10% per year may be made without incurring the early repayment charge.
Standard features of all Hinckley & Rugby Buy to Let Mortgage Schemes
In addition to our normal underwriting policy requirements and the information in the individual product Key Features leaflets, the criteria below also apply:
Advice about letting your propertyBuying a rental property is very different from buying a home to live in. It is recommended that you take advice about purchasing property to let or on letting property you already own from any of these specialist agencies: Further guidance and information about letting properties is also available on the Council of Mortgage Lenders’ (CML) website by clicking here. YOU COULD LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE | 3.89% | 75% | Arrangement fee: £250 Completion fee: £999 (can be added) | No | No | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Buy to Let Joint Borrower Sole Proprietor 2 Year Fixed BTLJBSP-JBBF5 3.29% fixed - Buy to Let Joint Borrower Sole Proprietor 2 Year Fixed - [BTLJBSP - JBBF5]
With effect from 2nd December 2020 Available throughout England and Wales A JOINT BORROWER SOLE PROPRIETOR MORTGAGE is designed to help someone to buy a home with the financial assistance of a third party or parties with the only charge being on the property being purchased. The buyer’s income is boosted by that of the third party, for example a parent or guardian, as part of the application but without adding them to the title deeds. The third party whose name will not be on the deeds will be required to take independent legal advice. The advising solicitor must provide written confirmation that they have done so in the Society’s required format before the loan monies can be released. YOU COULD LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE
Fees payable to Hinckley & Rugby Building Society(please see "Fees notes" below for further details of these fees and when they are payable)Arrangement fee: £250 (non-refundable) Completion fee: £999 (non-refundable) Property assessment fee: Scale fee applies - see table below. Mortgage exit admin fee: £150 (non-refundable) Early repayment charge: Early repayment charge payable as follows: During years 1 & 2: 2% of the amount repaid early plus fees This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage. Fees notesArrangement fee: Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment. Completion fee: This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges. Property assessment fee: Please see the table below for details of the applicable fee:
For a price or value exceeding £5 million, please contact the Society for further details. If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application. All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received. Mortgage exit administration fee: Payable on redemption of mortgage. Early repayment charge: This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage. Overpayments: Overpayments of up to 10% per year may be made without incurring the early repayment charge. Standard features of all Hinckley & Rugby Buy to Let Mortgage Schemes
In addition to our normal underwriting policy requirements and the information in the individual product Key Features leaflets, the criteria below also apply:
Advice about letting your propertyBuying a rental property is very different from buying a home to live in. It is recommended that you take advice about purchasing property to let or on letting property you already own from any of these specialist agencies: Further guidance and information about letting properties is also available on the Council of Mortgage Lenders’ (CML) website by clicking here. YOU COULD LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE
| 3.29% | 75% | Arrangement fee: £250 Completion fee: £999 (can be added) | No | No | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Buy to Let Joint Borrower Sole Proprietor 2 Year Discount BTLJBSP-JBBD4 3.19% variable - Buy to Let Joint Borrower Sole Proprietor 2 Year Discount - [BTLJBSP - JBBD4]
With effect from 2nd December 2020 Available throughout England and Wales A JOINT BORROWER SOLE PROPRIETOR MORTGAGE is designed to help someone to buy a home with the financial assistance of a third party or parties with the only charge being on the property being purchased. The buyer’s income is boosted by that of the third party, for example a parent or guardian, as part of the application but without adding them to the title deeds. The third party whose name will not be on the deeds will be required to take independent legal advice. The advising solicitor must provide written confirmation that they have done so in the Society’s required format before the loan monies can be released.YOU COULD LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE
Fees payable to Hinckley & Rugby Building Society(please see "Fees notes" below for further details of these fees and when they are payable)Arrangement fee: £250 (non-refundable) Completion fee: £999 (non-refundable) Property assessment fee: Scale fee applies - see table below. Mortgage exit admin fee: £150 (non-refundable) Early repayment charge: None Fees notesArrangement fee: Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment. Completion fee: This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges. Property assessment fee: Please see the table below for details of the applicable fee:
For a price or value exceeding £5 million, please contact the Society for further details. If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application. All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received. Mortgage exit administration fee: Payable on redemption of mortgage. Standard features of all Hinckley & Rugby Buy to Let Mortgage Schemes
In addition to our normal underwriting policy requirements and the information in the individual product Key Features leaflets, the criteria below also apply:
Advice about letting your propertyBuying a rental property is very different from buying a home to live in. It is recommended that you take advice about purchasing property to let or on letting property you already own from any of these specialist agencies: Further guidance and information about letting properties is also available on the Council of Mortgage Lenders’ (CML) website by clicking here. YOU COULD LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE | 3.19% | 75% | Arrangement fee: £250 Completion fee: £999 (can be added) | No | Yes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Buy to Let Joint Borrower Sole Proprietor 5 Year Fixed BTLJBSP-JBBF2 3.89% fixed - Buy to Let Joint Borrower Sole Proprietor 5 Year Fixed - [BTLJBSP - JBBF2]
With effect from 9th April 2020 Available throughout England and Wales A JOINT BORROWER SOLE PROPRIETOR MORTGAGE is designed to help someone to buy a home with the financial assistance of a third party or parties with the only charge being on the property being purchased. The buyer’s income is boosted by that of the third party, for example a parent or guardian, as part of the application but without adding them to the title deeds. The third party whose name will not be on the deeds will be required to take independent legal advice. The advising solicitor must provide written confirmation that they have done so in the Society’s required format before the loan monies can be released. YOU COULD LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE
Fees payable to Hinckley & Rugby Building Society(please see "Fees notes" below for further details of these fees and when they are payable)Arrangement fee: £250 (non-refundable) Completion fee: £999 (non-refundable) Property assessment fee: Scale fee applies - see table below. Mortgage exit admin fee: £150 (non-refundable) Early repayment charge: During year 1: 5% of the amount repaid early plus fees Fees notesArrangement fee: Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment. Completion fee: This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges. Property assessment fee: Please see the table below for details of the applicable fee:
For a price or value exceeding £5 million, please contact the Society for further details. If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application. All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received. Mortgage exit administration fee: Payable on redemption of mortgage. Early repayment charge: This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage. Overpayments: Overpayments of up to 10% per year may be made without incurring the early repayment charge. Standard features of all Hinckley & Rugby Buy to Let Mortgage Schemes
In addition to our normal underwriting policy requirements and the information in the individual product Key Features leaflets, the criteria below also apply:
Advice about letting your propertyBuying a rental property is very different from buying a home to live in. It is recommended that you take advice about purchasing property to let or on letting property you already own from any of these specialist agencies:
Further guidance and information about letting properties is also available on the Council of Mortgage Lenders’ (CML) website. YOU COULD LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE | 3.89% | 75% | Arrangement fee: £250 Completion fee: £999 (can be added) | No | No | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Buy to Let Later Life 2 Year Discount LLBTL-LLBD4 3.19% variable - Buy to Let Later Life 2 Year Discount - [LLBTL - LLBD4]
With effect from 2nd December 2020 Available throughout England and Wales Mortgage product specifically for later life borrowers who will be over 75 at the end of their term. YOU COULD LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE
Fees payable to Hinckley & Rugby Building Society(please see "Fees notes" below for further details of these fees and when they are payable)Arrangement fee: £250 (non-refundable) Completion fee: £999 (non-refundable) Property assessment fee: Scale fee applies - see table below. Mortgage exit admin fee: £150 (non-refundable) Early repayment charge: None Fees notesArrangement fee: Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment. Completion fee: This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges. Property assessment fee: Please see the table below for details of the applicable fee:
For a price or value exceeding £5 million, please contact the Society for further details. If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application. All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received. Mortgage exit administration fee: Payable on redemption of mortgage.
Standard features of all Hinckley & Rugby Buy to Let Mortgage Schemes
In addition to our normal underwriting policy requirements and the information in the individual product Key Features leaflets, the criteria below also apply:
Advice about letting your propertyBuying a rental property is very different from buying a home to live in. It is recommended that you take advice about purchasing property to let or on letting property you already own from any of these specialist agencies: Further guidance and information about letting properties is also available on the Council of Mortgage Lenders’ (CML) website by clicking here. YOU COULD LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE | 3.19% | 75% | Arrangement fee: £250 Completion fee: £999 (can be added) | No | Yes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Buy to Let Non Owner Occupier 2 Year Discount NOOBTL-BTN7 3.19% variable - Buy to Let Non Owner Occupier 2 Year Discount - [NOOBTL - BTN7]
With effect from 2nd December 2020 Available throughout England and Wales A NON-OWNER OCCUPIER MORTGAGE may be available for first time buyers or other would-be landlords who do not own a residential property, depending on their circumstances.YOU COULD LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE
Fees payable to Hinckley & Rugby Building Society(please see "Fees notes" below for further details of these fees and when they are payable)Arrangement fee: £250 (non-refundable) Completion fee: £999 (non-refundable) Property assessment fee: Scale fee applies - see table below. Mortgage exit admin fee: £150 (non-refundable) Early repayment charge: None Fees notesArrangement fee: Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment. Completion fee: This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges. Property assessment fee: Please see the table below for details of the applicable fee:
For a price or value exceeding £5 million, please contact the Society for further details. If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application. All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received. Mortgage exit administration fee: Payable on redemption of mortgage. Standard features of all Hinckley & Rugby Buy to Let Mortgage Schemes
In addition to our normal underwriting policy requirements and the information in the individual product Key Features leaflets, the criteria below also apply:
Advice about letting your propertyBuying a rental property is very different from buying a home to live in. It is recommended that you take advice about purchasing property to let or on letting property you already own from any of these specialist agencies: Further guidance and information about letting properties is also available on the Council of Mortgage Lenders’ (CML) website by clicking here. YOU COULD LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE | 3.19% | 75% | Arrangement fee: £250 Completion fee: £999 (can be added) | No | Yes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Buy to Let Non Owner Occupier 2 Year Fixed NOOBTL-BTN6 3.29% fixed - Buy to Let Non Owner Occupier 2 Year Fixed - [NOOBTL - BTN6]
With effect from 2nd December 2020 Available throughout England and Wales A NON-OWNER OCCUPIER MORTGAGE may be available for first time buyers or other would-be landlords who do not own a residential property, depending on their circumstances. YOU COULD LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE
Fees payable to Hinckley & Rugby Building Society(please see "Fees notes" below for further details of these fees and when they are payable)Arrangement fee: £250 (non-refundable) Completion fee: £999 (non-refundable) Property assessment fee: Scale fee applies - see table below. Mortgage exit admin fee: £150 (non-refundable) Early repayment charge: Early repayment charge payable as follows: During years 1 & 2: 2% of the amount repaid early plus fees This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage. Fees notesArrangement fee: Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment. Completion fee: This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges. Property assessment fee: Please see the table below for details of the applicable fee:
For a price or value exceeding £5 million, please contact the Society for further details. If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application. All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received. Mortgage exit administration fee: Payable on redemption of mortgage. Early repayment charge: This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage. Overpayments: Overpayments of up to 10% per year may be made without incurring the early repayment charge. Standard features of all Hinckley & Rugby Buy to Let Mortgage Schemes
In addition to our normal underwriting policy requirements and the information in the individual product Key Features leaflets, the criteria below also apply:
Advice about letting your propertyBuying a rental property is very different from buying a home to live in. It is recommended that you take advice about purchasing property to let or on letting property you already own from any of these specialist agencies: Further guidance and information about letting properties is also available on the Council of Mortgage Lenders’ (CML) website by clicking here. YOU COULD LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE | 3.29% | 75% | Arrangement fee: £250 Completion fee: £999 (can be added) | No | No | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Buy to Let Non Owner Occupier 5 year Fixed NOOBTL-BTN3 3.89% fixed - Buy to Let Non Owner Occupier 5 year Fixed - [NOOBTL - BTN3]
With effect from 20th April 2020 Available throughout England and Wales A NON-OWNER OCCUPIER MORTGAGE may be available for first time buyers or other would-be landlords who do not own a residential property, depending on their circumstances. YOU COULD LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE
Fees payable to Hinckley & Rugby Building Society(please see "Fees notes" below for further details of these fees and when they are payable)Arrangement fee: £250 (non-refundable) Completion fee: £999 (non-refundable) Property assessment fee: Scale fee applies - see table below. Mortgage exit admin fee: £150 (non-refundable) Early repayment charge: During year 1: 5% of the amount repaid early plus fees Fees notesArrangement fee: Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment. Completion fee: This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges. Property assessment fee: Please see the table below for details of the applicable fee:
For a price or value exceeding £5 million, please contact the Society for further details. If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application. All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received. Mortgage exit administration fee: Payable on redemption of mortgage. Early repayment charge: This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage. Overpayments: Overpayments of up to 10% per year may be made without incurring the early repayment charge. Standard features of all Hinckley & Rugby Buy to Let Mortgage Schemes
In addition to our normal underwriting policy requirements and the information in the individual product Key Features leaflets, the criteria below also apply:
Advice about letting your propertyBuying a rental property is very different from buying a home to live in. It is recommended that you take advice about purchasing property to let or on letting property you already own from any of these specialist agencies:
Further guidance and information about letting properties is also available on the Council of Mortgage Lenders’ (CML) website. YOU COULD LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE | 3.89% | 75% | Arrangement fee: £250 Completion fee: £999 (can be added) | No | No | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SPECIAL MORTGAGE SCHEME
SPECIAL MORTGAGE SCHEME
SPECIAL MORTGAGE SCHEME
MORTGAGE SCHEME
SPECIAL MORTGAGE SCHEME
SPECIAL MORTGAGE SCHEME