2 year fixed rate BTL – Over £1m – London and South East only - BO1343 - Capital and Interest

For loans up to 60% of property value

Product name	2 year fixed rate BTL – Over £1m – London and South East only - BO1343 - Capital and Interest
Initial rate	5.24%
Initial rate expires on	31st January 2027
Rate thereafter	Offset variable Investment Housing Loan Rate, currently 8.74%
Overall cost for comparison	8.30% APRC
Product fee	£2,999
Option to add product fees to mortgage	The product fee can be added to the loan, unless it takes a residential loan over 95% LTV or a BTL loan over 80% LTV.
Legal and Valuation Fees	Purchases: No Incentives Re-mortgages: Free valuation and free legal fees (if using bank's own solicitors)
Eligibility	This product is exclusively available for properties in London and South East only. Please speak to your Relationship Partner for further details. Applicants must be aged 18 or over. All loans are subject to status. Security will be required.
Maximum loan amount	£1,500,000
Maximum loan to value	60%
Minimum loan amount	£1,000,000
Early repayment charge	3% in year one 2% in year two
Special offers	Re-mortgages: Free valuation and free legal fees (if using bank's own solicitors)
Overpayment permitted	Yes, up to 10% of outstanding loan each year without penalty
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