See below for details of our current second charge buy-to-let product range.
2 year fixed (interest only)
Initial rates by LTV
Early repayment charges
Fees
<50%
7.35%
50%-55%
7.60%
55%-60%
7.75%
Year 1
2%
Year 2
2%
Year 3
-
Year 4
-
Year 5
-
£995
Early repayment charges
Year 1
2%
Year 2
2%
Year 3
-
Year 4
-
Year 5
-
Year 1
2%
Year 2
2%
Year 3
-
Year 4
-
Year 5
-
Fees
£995
Year 1
2%
Year 2
2%
Year 3
-
Year 4
-
Year 5
-
3 year fixed (interest only)
Initial rates by LTV
Early repayment charges
Fees
<50%
7.40%
50%-55%
7.65%
55%-60%
7.80%
Year 1
3%
Year 2
3%
Year 3
2%
Year 4
-
Year 5
-
£995
Early repayment charges
Year 1
2%
Year 2
2%
Year 3
-
Year 4
-
Year 5
-
Year 1
2%
Year 2
2%
Year 3
-
Year 4
-
Year 5
-
Fees
£995
Year 1
2%
Year 2
2%
Year 3
-
Year 4
-
Year 5
-
Representative example
For an interest-only mortgage of £50,000, plus £995 lender fee, totalling £50,995, over 300 months on a fixed rate product with an initial borrowing rate of 7.40%. There would be 36 monthly instalments of £314.47, followed by 264 monthly instalments of £314.47. Total amount payable £145,445.75, made up of: Mortgage Amount £50,000, Interest £94,340.75, Lender fee £995, Exit Fee £110. Overall cost for comparison purposes 7.50% APRC. Please be advised that any interest rate fluctuations, during the life of the mortgage contract, will affect the total amount repayable.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Get in touch
Can’t find what you’re looking for? Or just fancy a chat to find out more? Get in touch with the Candor team - we’re a friendly bunch!
