September 2008 Products Buy To Let
Conforming Non-Conforming
House Plus Buy To Let Almost Prime Minor Adverse
Maximum LTV 75% 65% 75% 75% 75%
CCJs (per applicant) None None £500
(0 in last 3)		 £1,000
(0 in last 3)
Arrears None None None 1 in last 12
(0 in last 3)
Bankruptcy/IVA None None Not Allowed Discharged or Completed
> 1 Year
 
3 Year Fixed
(until 1 November 2011)		 7.24% 6.79% 6.89% 9.09% 9.39%
3 Year Fixed
(until 1 November 2011)
Remortgage Special with FREE Legal Fees (including Title Insurance)		 7.34% 6.89% 6.99% 9.19%
(Max LTV 70%) 		9.49%
(Max LTV 70%)
Rental Assessment Calculation & Arrangement Fee
(can be added to loan) 		£995 125% of pay rate – 1.5%
125% of pay rate – £1,295 125% of pay rate – £1,295
 
Reversionary Rate 8.00%
BBR + 3.00% 		8.00%
BBR + 3.00% 		9.70%
LIBOR + 3.95% 		10.50%
LIBOR + 4.75%
Maximum Loan
(House Purchase & Remortgage)

£750K
(new build max loan 300k)

£750K
(new build max loan £300k) 		£350K
(new build max loan £300k)		 £350K
(new build max loan £300k)
Remortgage information Remortgage max LTV 70% Remortgage max LTV 70% Remortgage max LTV 70% Remortgage max LTV 70%
Introducer Fee 0.50%
(Max £3,750)		 0.50%
(Max £3,750)		 0.50%
(Max £1,750)		 0.75%
(Max £2,625)
FAST Remortgage Option
Includes Title Insurance & Conveyancing (Optional & can be added to the loan. Can be applied to all rates with exception of Remortgage Specials)		 £350 £350 £350 £350
Maximum Portfolio Size Single property only £3m Total Lending
(Max 25 properties - Max 750k per property)		 £350k Total Lending (max 10 properties) £350k Total Lending (max 10 properties)
Additional Notes

Not available in Northern Ireland.

Not available to First Time Buyers & must be owner occupier.

7% of existing mortgage balance will be deducted from self certified income.

Applicant must not have an equivalent product with another lender.

Not available on New Build flats

Only available to Self-Employed on Self Cert & Employed on Full Status.

Not available in Northern Ireland

Not available to First Time Buyers & must be owner occupier.

Not available on New Build flats

Not available in Northern Ireland

Not available to First Time Buyers & must be owner occupier.

Not available on New Build flats

Not available in Northern Ireland

Not available to First Time Buyers & must be owner occupier.

Not available on New Build flats
 

 
Conforming Early Repayment Charges
On expiry of initial Early Repayment Charge – 1 month’s notice or 1% of amount redeemed applies		 Non-Conforming Early Repayment Charges
On expiry of initial Early Repayment Charge – 1 month’s notice or 1% of amount redeemed applies
3 Year Fixed 5% of amount redeemed until 1 November 2011 6% of amount redeemed until 1 November 2011