Buy to Let products
| 60% |
4.99% |
£1,995 |
£140 |
125% of reversionary rate
|
| 65% |
5.49% |
£1,995 |
£140 |
| 70% |
5.59% |
£1,995 |
£140 |
| 60% |
5.49% |
£1,995 |
£140 |
125% of pay rate†
|
| 65% |
5.99% |
£1,995 |
£140 |
| 70% |
6.09% |
£1,995 |
£140 |
† Where products are less
than 3 years rental calculation is calculated using the
reversionary rate
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Buy to Let fixed product full
details
Additional information
Not available in Northern Ireland
Not available to first time buyers
Applicants must be an owner occupier
Maximum portfolio size £1m total lending (maximum 3
properties - maximum £500k per property)
All products are portable
Administration fee is non-refundable
Arrangement fee must be added to the loan
Reversionary rate - 5.00% (BBR*+ 4.50%)
All remortgages maximum LTV - 70%
* If Bank Base Rate falls below 0.50% the initial/reversionary
rate will be charged at 0.50% + product reversionary rate
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Early repayment charges (ERC)
| 2 year fixed |
3% of the amount redeemed until 31 October 2011
2% of the amount redeemed until 31 October 2012
|
| 4 year fixed |
4% of the amount redeemed until 31 October 2012
3% of the amount redeemed until 31 October 2013
2% of the amount redeemed until 31 October 2014
|
Loan details
| |
Minimum loan amount |
Maximum loan amount |
Minimum term |
Maximum term |
| Purchase |
£25,001 |
£500,000
(new build max £300,000)
|
5 years |
40 years** |
| Remortgage £ for £ |
£25,001 |
£500,000
(new build max £300,000)
|
5 years |
40 years** |
| Remortgage home improvements |
£25,001 |
£500,000
(new build max £300,000)
|
5 years |
40 years** |
| Remortgage capital raising |
£25,001 |
£500,000
(new build max £300,000)
|
5 years |
40 years** |
| Remortgage debt consolidation |
£25,001 |
£500,000
(new build max £300,000)
|
5 years |
40 years** |
**Subject to maximum age criteria. If the term of the mortgage
goes beyond the projected retirement age as declared by the
applicant, Platform will decline the application or exclude this
income for joint applications.
Minimum/maximum age
Minimum age is 18 at application.
Maximum age is 75 at the end of the term.
Fees
| Introducer fee |
0.45%
(max £2,250)
|
| Property valuation |
Valuation fee |
Additional home buyer
fee |
| AVM |
£20 |
N/A |
| Up to
£75,000 |
£105 |
£220 |
| £75,001 to
£100,000 |
£115 |
£220 |
| £100,001 to
£150,000 |
£135 |
£230 |
| £150,001 to
£200,000 |
£165 |
£235 |
| £200,001 to
£250,000 |
£200 |
£250 |
| £250,001 to
£300,000 |
£225 |
£300 |
| £300,001 to
£350,000 |
£255 |
£370 |
| £350,001 to
£400,000 |
£295 |
£370 |
| £400,001 to
£500,000 |
£355 |
£370 |
| £500,001 to
£600,000 |
£420
|
£405 |
| £600,001 to
£700,000 |
£490 |
£435 |
| £700,001 to
£800,000 |
£540 |
£485 |
| £800,001 to
£900,000 |
£600 |
£525 |
| £900,001 to
£1m |
£670 |
£555 |
| £1m -
£1.5m |
£970 |
By
negotiation |
|
Buildings insurance administration fee
one off fee if buildings insurance is not
arranged through Legal & General
|
£30 |
| Telegraphic transfer
fee |
£15 |
| Higher lending
charge |
None |
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