Mortgages
 
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Buy to let mortgages

Fixed and discount rate further advances

Are you looking to make some improvements to your buy to let property or need to top up your mortgage for another purpose? We offer further advances for existing buy to let customers.  Please remember, to secure your chosen mortgage you must pay the relevant booking fee.

Product features
  • No higher lending charge.
  • Pay up to 10% in overpayments per year with no early repayment charges.
  • Daily interest calculation for capital payments; you get the benefit of capital payments straightaway, through a reduction in the interest charged.
  • Maximum loan size is £500,000. Loans greater than this can be considered.
  • No early repayment charges after the initial period.
  • Standard mortgage valuation fee may be payable.
  • In addition to early repayment charges, a redemption fee is payable on full repayment of the mortgage.
  • Loan available up to 80% of your property value.

Mortgages for buy to let

For existing buy to let customers we have discount or fixed rate further advance mortgages. With a low application fee of £199 it is easy to arrange a further advance for your buy to let mortgage.

3 year Fixed Rate
Minimum
Deposit		 Initial
Rate		 For the remainder
of the term		 The overall cost
for comparison is		 Application
fee
20% 7.09% 7.09%
Standard
Variable Rate		 7.40% APR £199
There are early repayment charges that apply until 31.01.2012
 

Rates correct as at 19 November 2008.

How it works

The interest you are charged on our fixed rate further advance stays the same for the fixed rate term.

Please Note

1. Our mortgage products can be withdrawn at anytime.  To be certain of obtaining your desired product you will need to follow the procedure and pay the associated booking fee.  Be aware that you will not secure any particular product until the relevant booking fee has been paid.

2. We may offer different products and/or similar but differently priced products through our various channels (branches, Derbyshire Direct, Intermediaries and the web). For full details of all available products, please contact us.