5.39% Fixed for 5 Years

5.39% Fixed for 5 Years

6% Tracker

(Subject to a 6% floor rate)

Up to £250,000 70% LTV (Rmg 70%)

Mortgage NOT portable, Mortgage is Flexible, 10% Overpayments allowed per year.

- Mortgage is NOT for First time buyers

Available up to 4 properties.

Max loan £250k. Above £250k by negotiation.

Copy of AST maybe required for existing BTL properties.

A Decision in Principle must be submitted prior to the application.

Borrower Type - Purchase and Remortgage Only. Not available for First Time Buyers.

Payment Holidays Allowed. If you have previously made overpayments you may be entitled to take payment holidays by suspending your normal monthly payments until the amount of overpayments have been used up. The bank will consider repayment holidays upon written request.

If early repayment charges apply to your account(s) then the following applies:

If a capital amount is received that does not fully redeem the mortgage then the following exception applies - up to 10% of the capital balance outstanding at the start of the calendar year can be repaid within that calendar year without the early repayment charge being applied.

The interest rate charged to your account will be adjusted from the 1st of the month following receipt of your repayment. Please note that overpayments will not reduce the capital balance on your account until the end of the month.

This mortgage includes a facility for additional secured borrowing. The Lender may consider additional secured borrowing by the way of further advance once you have completed a satisfactory six month repayment record, which will be subject to lending criteria at that time.

THIS WILL INCREASE THE AMOUNT OF BORROWING SECURED ON YOUR HOME.

Buy to Let : Accepted, Max properties 4

Capital Rest Period : Monthly

Repayment Yes

Endowment Yes

PEP Yes

Pension Yes

Interest only (no RV) 70% LTV

With Profits Yes

Unit Linked Yes

ISA Yes

Split Repayment Yes

Arrangement : 2.5% Can be Added

Booking : None

3% of loan to be paid within first 5 Years, 10% capital repayments allowed per year without penalty

None

Basic:

upto £100,000 - £205

upto £150,000 - £250

upto £200,000 - £290

upto £250,000 - £325

upto £300,000 - £350

upto £400,000 - £400

upto £500,000 - £450

upto £600,000 - £505

upto £700,000 - £555

upto £800,000 - £605

upto £900,000 - £680

upto £1,000,000 - £780

Homebuyers:

upto £100,000 - £350

upto £150,000 - £400

upto £200,000 - £500

upto £250,000 - £550

upto £300,000 - £600

upto £400,000 - £700

upto £500,000 - £800

upto £600,000 - £830

upto £700,000 - £880

upto £800,000 - £905

upto £900,000 - £955

upto £1,000,000 - £1005

Min Valuation £125000

Within the first 3 years up to 10% of the capital balance at the start of each year can be repaid without penalty during each calendar year. For all other amounts repaid within the first three years an early repayment charge of 3% will be charged on the amount repaid.

For properties valued over £1m please refer to Lender for the valuation & homebuyer fee.

Please refer to the Lender for any additional fees which may be charged on final redemption such as Deeds Release/Sealing/Admin fees.

Travelling expenses may be payable in certain cases. When the property is already owned or is being purchased at a favourable price, the fee due will be based on the current valuation.

Higher Lending Charges are calculated on the difference between 75% of the value of your home and the amount you wish to borrow. Added fees will not be included in this calculation.

Deeds Release Fee - £100.00 Payable on redemption.

Chaps Fee - £20.00 Payable on completion.

Sealing Fee - £125.00 Payable on redemption.

Freehold Flat No

Purpose Built Flat Yes

Converted Flat Refer

Flat Over Shop Refer

Maisonette Refer

Studio Flat Refer

Flying Freehold No

Thatched No

Timber Framed No

Concrete Refer

Agricultural Tie No

Flat Over 4 Storeys No

Listed Building No

Not Accepted

Ex local authority flats excluded.

Please refer to lender with any flats over shops, studio flats.

Minimum property value is £125k.

Newly Built or Newly Converted properties excluded. Residential houses must have been completed at least 36 months (3 years) ago, and flats/apartments must have been completed at least 84 months (7 years) ago.

Non RMC applications only. The applicant(s) or family members of the applicant(s) must not live or intend to live in the BTL property being mortgaged.

Accepted Locations : England

Bank Statements 6 months

At Least 3 Months Pay Slips Yes

P60 No

Proof Of Residency Yes

Life Policy To Be Assigned No

Previous Lender References No

Buildings Conditional

Min Loan £50,000/Rmg £50,000

Max Loan £250,000/Rmg £250,000

Max Portfolio of BTL Loans £1,000,000

Min Age 21 years

Max Age 70 years

Min Term 5 years

Max Term 25 years

Foreign Citizens Not Accepted

Ex-Patriates Not Accepted

Based on Income > 0

Refer to rental income calculations

Min months in current position 6

Min months in continuous service 6

Min no. of years accounts 2

Average years taken to calculate income 2

Will consider declining profit Yes

Rental Calculation 130% @ 5.39%.

Maintenance payments (Confirmation to be provided via CSA or Court order)

Pension payments (on proviso this will be received for a minimum of 3 years)

Minimum income £40,000. Where joint applications are made the minimum joint income is £60,000.

Minimum Income £40000

Hire Purchase Taken into account

Personal Loans Taken into account

Overdraft NOT Taken into account

Credit/Store Cards Taken into account

Child Maintenance Taken into account

Child Education Taken into account

Extra Income:-

Other Income - Guaranteed Add 100% to income before multiply

Other Income - Regular Refer to Lender

Other Income - Irregular Refer to Lender

Investment Income Refer to Lender

Mortgage Subsidy Refer to Lender

Large Town Allowance Refer to Lender

Maintenance Payments Refer to Lender

Non Contributory Pension Refer to Lender

Car Allowance Refer to Lender

Capital Raising 70%

Home Improvements 70%

Debt Consolidation 70%

School Fees 70%

Holidays/Cars 70%

Buy Other Property 70%

Business Purposes 70%

Divorce Settlement 70%

Unencumbered 70%

100% pure capital raising is not allowed on the WLB BTL product.

CCJs : Not Acceptable

Defaults : Not Acceptable

Arrears : Not Acceptable

Bankrupt : Not Acceptable

Current IVA : Not Acceptable

Repossession : Not Acceptable

Refer to lender for all adverse