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Holiday let and 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.
- 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 £25,000 (or a combined income of £40,000 if a joint application)
Holiday let mortgages
Variable rate mortgages
| Deposit % | Term | Initial interest rate |
Follow on rate |
Overall cost for comparison |
Max LTV |
Arrangement fee |
Application fee |
|
|---|---|---|---|---|---|---|---|---|
| 25% | 2 years | 6.14% |
9.49% |
9.2% APRC | 75.0% | £0.00 | £0.00 | Details |
Variable rate remortgages
| Deposit % | Term | Initial interest rate |
Follow on rate |
Overall cost for comparison |
Max LTV |
Arrangement fee |
Application fee |
|
|---|---|---|---|---|---|---|---|---|
| 25% | 2 years | 6.14% |
9.49% |
9.2% APRC | 75.0% | £0.00 | £0.00 | Details |