Hybrid BTL & Bridging
| Products | Product 1 | Product 2 | Product 3 | Bridging |
|---|---|---|---|---|
| Product Rate | 5.99% pa | 6.74% pa | 7.49% pa | From 0.49% pm |
| Max Deferred Interest | 1% pa | 1.5% pa | 2% pa |  |
| Minimum Pay Rate | 4.99% pa | 5.24% pa | 5.49% pa | |
| LTV (at end of term) | Max 75% | Max 75% | Max 75% | Max 75% |
| Min. Loan | £150,000 | £150,000 | £150,000 | £150,000 |
| Max. Loan | £25,000,000 | £25,000,000 | £25,000,000 | £25,000,000 |
| Max. Loan Per Unit | £2,000,000 | £2,000,000 | £2,000,000 | £2,000,000 |
| Term | 2 Years | 2 Years | 2 Years | Up to 18 Months |
| ICR (Income Coverage Ratio)* | 100% of Pay Rate | 100% of Pay Rate | 100% of Pay Rate | |
| Top Slicing | |  Calculated at Product Rate | Calculated at Product Rate | |
| Processing Fee - £500 + VAT | | | | |
| Product Fee | 2% | 2% | 2% | 2% |
| Procuration Fee | 1% | 1% | 1% | Case by Case |
| ERC's (Early Repayment Charges) | Year 1 -3% Year 2 - 2% No ERC’s in last 3 months | Year 1 -3% Year 2 - 2% No ERC’s in last 3 months | Year 1 -3% Year 2 - 2% No ERC’s in last 3 months | |
| Product 1 | |
|---|---|
| Product Rate | 5.99% pa |
| Max Deferred Interest | 1% pa |
| Minimum Pay Rate | 4.99% pa |
| LTV (at end of term) | Max 75% |
| Min. Loan | £150,000 |
| Max. Loan | £25,000,000 |
| Max. Loan Per Unit | £2,000,000 |
| Term | 2 Years |
| ICR (Income Coverage Ratio)* | 100% of Pay Rate |
| Top Slicing | |
| Processing Fee - £500 + VAT | |
| Product Fee | 2% |
| Procuration Fee | 1% |
| ERC's (Early Repayment Charges) | Year 1 -3% Year 2 - 2% No ERC’s in last 3 months |
| Product 2 | |
|---|---|
| Product Rate | 6.74% pa |
| Max Deferred Interest | 1.5% pa |
| Minimum Pay Rate | 5.24% pa |
| LTV (at end of term) | Max 75% |
| Min. Loan | £150,000 |
| Max. Loan | £25,000,000 |
| Max. Loan Per Unit | £2,000,000 |
| Term | 2 Years |
| ICR (Income Coverage Ratio)* | 100% of Pay Rate |
| Top Slicing | Calculated at Product Rate |
| Processing Fee - £500 + VAT | |
| Product Fee | 2% |
| Procuration Fee | 1% |
| ERC's (Early Repayment Charges) | Year 1 -3% Year 2 - 2% No ERC’s in last 3 months |
| Product 3 | |
|---|---|
| Product Rate | 7.49% pa |
| Max Deferred Interest | 2% pa |
| Minimum Pay Rate | 5.49% pa |
| LTV (at end of term) | Max 75% |
| Min. Loan | £150,000 |
| Max. Loan | £25,000,000 |
| Max. Loan Per Unit | £2,000,000 |
| Term | 2 Years |
| ICR (Income Coverage Ratio)* | 100% of Pay Rate |
| Top Slicing | Calculated at Product Rate |
| Processing Fee - £500 + VAT | |
| Product Fee | 2% |
| Procuration Fee | 1% |
| ERC's (Early Repayment Charges) | Year 1 -3% Year 2 - 2% No ERC’s in last 3 months |
| Bridging | |
|---|---|
| Product Rate | From 0.49% pm |
| Max Deferred Interest | |
| Minimum Pay Rate | |
| LTV (at end of term) | Max 75% |
| Min. Loan | £150,000 |
| Max. Loan | £25,000,000 |
| Max. Loan Per Unit | £2,000,000 |
| Term | Up to 18 Months |
| ICR (Income Coverage Ratio)* | |
| Top Slicing | |
| Processing Fee - £500 + VAT | |
| Product Fee | 2% |
| Procuration Fee | Case by Case |
| ERC's (Early Repayment Charges) | |
*ICR for leasehold properties and properties subject to an estate rentcharge is 110%.
Alternatively, download the Hybrid BTL Product Guide here.