Product options and features BTLPP
| Product |
Product Code |
FTV |
Rental Rate |
Admin Fee |
Monthly Payments |
| BTLPP |
BTLS11111 |
75% |
5.49% |
1% |
Calculate |
- Available for new purchases and refinancing. IBB will pay its own legal Fees up to £400 (inc VAT)
- Rental Rate = Base Rate + Bank’s Margin
- The Bank reserves the right to change the margin on its products, however a cap applies of 2%. This means that the bank cannot increase the margin on its products by more than 2% over the margin applied at the outset. The bank cannot change its margin whilst a fixed rate applies. Customers will be given at least 30 days advance notice of any changes in the pricing structure.
- Minimum annual salary £25,000. Where it is a joint application at least one client must earn £25,000 or more.
- Applicant must be a property owner and owned a property for a minimum of 12 months or more. Where it is a joint application at least one applicant should meet this criteria.
- Rental income to be 125% of monthly BTLPP finance payment
- Max portfolio of 5 properties including the intended property to be purchased or refinanced.
Terms and conditions apply. Finance is subject to status and valuation. Minimum age of applicants is 25 years old and be a UK resident
Intermediary Submissions
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or
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