Public
For Intermediaries
Home – Retentions Products – LTD Company Retentions – Buy to Let 2 Year Discount 5.59% variable (1.95% off Landlord Variable Rate) (RLB2YRD70)

LTD Company Retentions – Buy to Let 2 Year Discount 5.59% variable (1.95% off Landlord Variable Rate)

LCD15 With effect from 04 December 2024

Initial Interest Rate
i

1.95% discount off the Society's Landlord Variable Rate for 2 years. Will not go below a floor of 2.25%.

5.59% variable
Max Loan to Value (LTV)
i

Maximum loan to value available:

70%
Product Fees
i
Application fee
Free
Completion fee
Free
Free
Overall Cost for Comparison
i

The overall cost for comparison

7.4% APRC representative

IF YOU FAIL TO KEEP UP WITH REPAYMENTS ON YOUR MORTGAGE, A ‘RECEIVER OF RENT’ MAY BE APPOINTED AND/OR YOUR RENTAL PROPERTY MAY BE REPOSSESSED.

Fee information

Application fee
Free
Completion fee
Free
Valuation fee
Not applicable
Early repayment charge
During year 1: 2% of the amount repaid early plus fees During year 2: 1% 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 if you repay any amount in excess of 10% of the mortgage balance in any one year.
Overpayments
Overpayments of up to 10% per year may be made without incurring the early repayment charge.
Mortgage exit admin fee
£125 (non-refundable)

Representative Example

A Mortgage of
A mortgage of £258,600
Payable term
Payable over 25 years
Initial rate and term
Initially on a discounted variable rate for 2 years of 5.59%
Followed by
Our Landlord Variable Rate of 7.54% for the remaining 23 years
Monthly payments
24 payments of £1,601.96 followed by 276 payments of £1,898.65
Total amount payable
The total amount payable would be £562,599.44 made up of the loan amount plus interest (£303,874.44) plus the fees below
Arrangement fee
Free
Mortgage exit administration fee
£125 (non-refundable)
Valuation fee
Free
Cost for comparison
7.4% APRC representative

Standard Features

  • Available on properties in England and Wales
  • Additional borrowing is available for existing mortgages
  • Interest calculated on a daily basis
  • Portable up to the existing mortgage balance
  • Tariff of charges during the life of any mortgage available on request
Click to view all

Advice about letting your property

Buying a rental property is very different from buying a home to live in. It is strongly recommended that you take advice about purchasing property to let or on letting property you already own from an accredited body such as:

  • National Residential Landlords Association
  • Propertymark

Further guidance and information is also available on the governments Money Helper Website

Ready to proceed with this product?

To inform us that you’d like to take this offer or to view your other personalised offers, click here to return to your switching portal.

My mortgage offers