The mortgage, available at up to 75% LTV, is a two-year discount of 1.45% off the Society’s Basic Variable Rate for BTL mortgages of 5.64%. The overall cost for comparison is 5.5% APR.
The mortgage has an application fee of £250 and a completion fee of £1,250. The completion fee can be added to the loan, as long as the LTV does not exceed 75%. As with all Hinckley & Rugby mortgages, there are no Early Repayment Charges.
Hinckley & Rugby business development manager Carolyn Thornley-Yates said:
“This is a very attractive mortgage for investors in Buy To Let. It is backed by our outstanding levels of customer service and individual approach to underwriting.”
