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FINANCE BLOG

Cheshire Building Society Buy-To-Let Mortgages

Read Cheshire Building Society Company Review...click here

Cheshire Building Society Buy-To-Let Mortgage

• Freedom to manage the property yourself.
• No valuation fee where the purchase price, or estimated value for remortgage, is less than £750,000. For applications above this level Cheshire Building Society will make a contribution of £500.
• Fully portable, so even if you change property during the discount period you will still benefit (subject to your new application meeting Cheshire Building Society Buy to Let lending policy).
• No high Loan to Value charge.
• A mortgage valuation report will automatically be provided as a benefit of this product to remortgage applicants (where the estimated value exceeds £750,000), and all property purchasers.
• The minimum loan is £30,000.
• The maximum loan is 80% of the value of the property.
• Although it is a condition of this product that Buy to Let buildings insurance is arranged via ourselves for the duration of the discount period, Cheshire Building Society have a competitive range of Buy to Let insurance products for both buildings and contents.
• Penalty-free lump sum or regular overpayments up to £5,000 per 12 month period. If you make a lump sum capital repayment of £500 or more Cheshire Building Society will offer you the choice of reducing your mortgage term or monthly mortgage payment.
• Payment holidays if you have overpaid previously.*
• Regular underpayments if you have overpaid previously.*
• Lump sum withdrawals available against accrued overpayments. Minimum withdrawal is £500 and maximum is £25,000 per transaction.*

* Seven days notice required.

For further information on a Cheshire Building Society Buy-To-Let Mortgage visit the Cheshire Building Society Website.