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But to Let Mortgage with Derbyshire Building Society
Derbyshire Building Society offers excellent buy to let mortgage options designed with the needs of estate property investors in mind. When you select Derbyshire Building Society for your landlord mortgages, you won't have to deal with the unnecessary expense of paying a higher lending charge. You can borrow up to £500,000, with an 85 percent loan to value maximum.
With Derbyshire, landlords can choose between a three year fixed rate or a three year discounted rate buy to let mortgage. With the fixed rate option, your interest rate will not change for the first three years of your loan term. With the discounted rate option, the interest rate is variable throughout the mortgage, but the rate set lower than the standard variable rate for the first three years of the loan.
Benefits of Derbyshire Building Society Buy to Let Mortgages
Overpayment Options - Borrowers may elect to make up to ten percent in overpayments each year without having to worry about early repayment charges.
Early Repayment - One of the major benefits of selecting Derbyshire to meet your buy to let mortgage needs is the fact that there are no early repayment charges once the initial loan period has passed. Keep in mind that a redemption charge will be due when the loan is paid in full.
Daily Interest Calculations - Because interest is calculated every day, capital payments immediately benefit your outstanding balance. As capital payments are credited to the account, you'll realise a savings in terms of a reduction in interest charged.
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