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Great news from Axis Bank, the specialist BTL lender,
they have cut their 2 & 5 year fixed and variable rate products. |
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| Standard Range (now includes Ltd Co's) |
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| New Rate |
Term |
ERC's |
Income Coverage
Ratio (ICR) |
| 3.38% |
2 Yr Fix |
2%,1% |
Ltd Co - 125% @ 5.5%, Personal - 145% @ 5.5% |
| 3.95% |
5 Yr Fix |
5%,4%,3% |
Ltd Co - 125%@ 3.95%, Personal - 145% @ 3.95% |
| 3.47% |
2 Yr Tracker |
None |
Ltd Co - 125% @ 5.5%, Personal - 145% @ 5.5% |
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| Specialist Range (HMO, Multi unit, Holiday let, Ex Pat) |
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| New Rate |
Term |
ERC's |
Income Coverage
Ratio (ICR) |
| 3.58% |
2 Yr Fix |
2%,1% |
Ltd Co - 125% @ 5.5%, Personal - 145% @ 5.5% |
| 4.15% |
5 Yr Fix |
5%,4%,3% |
Ltd Co - 125%@ 4.15%, Personal - 145% @ 4.15% |
| 3.47% |
2 Yr Tracker |
None |
Ltd Co - 125% @ 5.5%, Personal - 145% @ 5.5% |
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| Key Product Features |
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Minimum loan £100,000, maximum loan £1,000,000 |
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Additional products available on remortgage Like for Like with ICR of 125% @ 5% |
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Five year products stressed at pay rate, No ERC's in year 4 & 5 |
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Ex Pat rates from 3.47% |
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Ltd Company now offered from Standard Range |
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Arrangement fees can be added to the loan |
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10% overpayments permitted during ERC period |
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| Proc Fee 0.45% |
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