HomeLTD Company – Buy to Let 5.95% fixed to 31/05/29 (LB5YRF70)

LTD Company – Buy to Let 5.95% fixed to 31/05/29

LCF19 With effect from 19 February 2024

Initial Interest Rate
i

Fixed until 31/05/29 from date of completion.

5.95% fixed
Max Loan to Value (LTV)
i

Maximum loan to value available:

70%
Product Fees
i
Application fee
Free
Completion fee
3% of loan balance (non-refundable)
3% of loan balance (non-refundable)
Overall Cost for Comparison
i

The overall cost for comparison

7.4% APRC representative

Fee information

Application fee
Free
Completion fee
3% of loan balance (non-refundable)
Valuation fee
Please see the table at the link for details of the applicable fee.
Fees reference table
Early repayment charge
During year 1: 5% of the amount repaid early plus fees During year 2: 4% of the amount repaid early plus fees During year 3: 3% of the amount repaid early plus fees During year 4: 2% of the amount repaid early plus fees During year 5: 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 £205,934 (a loan of £199,936 plus a completion fee of £5,998 added to the loan)
Payable term
Payable over 26 years, based on a start date of 01/06/24
Initial rate and term
Initially on a fixed rate of 5.95% until 31/05/29
Followed by
Our Landlord Variable Rate of 8.04% for the remaining 21 years
Monthly payments
60 payments of £1,298.60 followed by 252 payments of £1,535.61
Total amount payable
The total amount payable would be £465,574.72 made up of the loan amount plus interest (£258,955.64) plus the fees below
Arrangement fee
Free
Mortgage exit administration fee
£125 (non-refundable)
Valuation fee
£310
Cost for comparison
7.4% APRC representative

Standard Features

  • Available on properties in England and Wales, for letting on an Assured Shorthold Tenancy
  • Rental income of 125% of the mortgage payment at a stressed rate required, except for 5 Year Fixed Rate mortgages (where available) where the interest coverage requirement is 125% at pay rate
  • Maximum number of rental properties is 3 per household with Hinckley & Rugby Building Society
  • Minimum loan £100,000 (existing members £50,000)
  • No minimum income required
  • Minimum term 5 years
  • Interest calculated on a daily basis
  • No tied insurances
  • Minimum age for applicants 18
  • Tariff of charges during the life of any mortgage available on request
  • Mortgage repayment vehicle must be in place for interest only mortgages
  • For remortgages, the property must have been owned by the applicants for a minimum of 6 months
Click to view all
Scroll down to start your application

Our team are here to help you through every step of your mortgage application process. We know it may seem daunting, especially if this is your first time, but pick up the phone and speak to one of our advisors and they’ll lay out the process step-by-step.