Hybrid BTL & Bridging

ProductsProduct 1Product 2Product 3Bridging
Product Rate5.99% pa6.74% pa7.49% paFrom 0.49% pm
Max Deferred Interest1% pa1.5% pa2% pa
Minimum Pay Rate4.99% pa5.24% pa5.49% 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
Term2 Years2 Years2 YearsUp to 18 Months
ICR (Income Coverage Ratio)*100% of Pay Rate100% of Pay Rate100% of Pay Rate
Top Slicing
Calculated at Product Rate

Calculated at Product Rate
Processing Fee - £500 + VAT
Product Fee2%2%2%2%
Procuration Fee1%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 Rate5.99% pa
Max Deferred Interest1% pa
Minimum Pay Rate4.99% pa
LTV (at end of term)Max 75%
Min. Loan£150,000
Max. Loan£25,000,000
Max. Loan Per Unit£2,000,000
Term2 Years
ICR (Income Coverage Ratio)*100% of Pay Rate
Top Slicing
Processing Fee - £500 + VAT
Product Fee2%
Procuration Fee1%
ERC's (Early Repayment Charges)Year 1 -3%
Year 2 - 2%
No ERC’s in last 3 months
Product 2
Product Rate6.74% pa
Max Deferred Interest1.5% pa
Minimum Pay Rate5.24% pa
LTV (at end of term)Max 75%
Min. Loan£150,000
Max. Loan£25,000,000
Max. Loan Per Unit£2,000,000
Term2 Years
ICR (Income Coverage Ratio)*100% of Pay Rate
Top Slicing
Calculated at Product Rate
Processing Fee - £500 + VAT
Product Fee2%
Procuration Fee1%
ERC's (Early Repayment Charges)Year 1 -3%
Year 2 - 2%
No ERC’s in last 3 months
Product 3
Product Rate7.49% pa
Max Deferred Interest2% pa
Minimum Pay Rate5.49% pa
LTV (at end of term)Max 75%
Min. Loan£150,000
Max. Loan£25,000,000
Max. Loan Per Unit£2,000,000
Term2 Years
ICR (Income Coverage Ratio)*100% of Pay Rate
Top Slicing
Calculated at Product Rate
Processing Fee - £500 + VAT
Product Fee2%
Procuration Fee1%
ERC's (Early Repayment Charges)Year 1 -3%
Year 2 - 2%
No ERC’s in last 3 months
Bridging
Product RateFrom 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
TermUp to 18 Months
ICR (Income Coverage Ratio)*
Top Slicing
Processing Fee - £500 + VAT
Product Fee2%
Procuration FeeCase 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.