Buy to Let

Buy-to-Let & Consumer Buy-to-Let 

If your client is ​looking to remortgage or purchase a property specifically for letting purposes, or has decided to let an existing residential property, we could help.

Here's our handy flowchart for Regulated Buy-to-Let and Consumer Buy-to-Let classification guidance.

Please note:

  • Portfolio landlords ​cannot be considered. Our Buy-to-Let mortgage ​is only available to customers who will hold, personally or via limited companies, 3 or less mortgaged Buy-to-Let properties following completion of the transaction.
  • Regulated Buy-to-Let cases cannot be considered
  • Maximum LTV is 75%
  • At least one applicant must have a minimum income of £20,000

For more information about our Buy-to-Let criteria, see our full Lending Criteria here


Buy-to-Let Mortgage 25% Deposit 3.49% Variable
3.49% 5.99% 5.6% APRC 75% £899 £99

Key Features

Variable rate

A variable rate, currently ​3.49%, which is discounted by 2.50% from our Buy-to-Let Standard Variable Rate for the first 2 years. It then changes to our Buy-To-Let Standard Variable Rate, which is currently 5.99%, and remains on our variable rate terms for the rest of the mortgage.

The overall cost for comparison is 5.9% APRC representative.

What you Pay

  • Daily interest.
  • An arrangement fee of £899 is payable with the application.
  • An application fee of £99 (non-refundable) is payable with the application.
  • A valuation fee is payable.

Early repayment charge

An Early Repayment Charge of 3% on the amount repaid will be applied for the duration of the product term. You can overpay by up to 10% of the loan outstanding per calendar year without charge.

What we Pay


Who can apply and more information

  • Minimum income of main applicant is £20,000.
  • Not available for houses in multiple occupancy (must be sole occupant, couple or single family unit).
  • Not available for first-time buyers, limited companies, students, DSS tenants, house builders, property developers or professional landlords.
  • A single assured shorthold tenancy agreement will be required.
  • Property cannot be let to family members.
  • Available for home purchase and remortgage applications.
  • This mortgage is not portable.

Your home may be repossessed if you do not keep up repayments on your mortgage

Representative Example

A mortgage of £157,000 over 29 years initially on a discounted variable rate of 3.49% (equal to a 2.50% discount off our SVR)  for 2 years and then on our Standard Variable Rate of 5.99% for the remaining term, would require 24 monthly payments of £456.61 and 324 monthly payments of £781.24.

The total amount payable would be £422,650.95 made up of the loan amount plus interest (£264,095.45) with a funds transfer fee of £25, mortgage application fee of £99, mortgage arrangement fee of £899, basic valuation of £330, legal fees of £117.50 and a mortgage exit fee of £85.

The overall cost for comparison is 5.9% APRC representative.

This is based on an interest only mortgage. 

 

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This product may be withdrawn or amended at any time, without prior notice

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