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Buy to Let mortgages

Whether your client is looking for their first investment property or adding to a portfolio, browse our Buy to Let mortgage range, including Limited Company products, to get a good idea of how much they can borrow.

*Please note the two exclusive 60% products are available to packagers only.*

Affordability calculator

Find out how much your client can borrow with our affordability calculators.


Variable mortgages

Our Standard Variable Rate (SVR) is currently 8.39% (variable).

There may be a limit on how low your interest rate can fall. This is called an ‘interest rate floor’. The interest rate floor applicable to your loan will be specified in your loan documentation.

Product name
Buy to Let variable for 2 years

Product code: BDD068
Initial rate
6.74%
Discount from SVR
1.65%
Overall cost for comparison
8.6% APRC
Max LTV %
80%
Product fee
£999
Product name
Ltd Company Buy to Let variable for 2 years

Product code: BDD074
Initial rate
6.74%
Discount from SVR
1.65%
Overall cost for comparison
8.6% APRC
Max LTV %
80%
Product fee
£1,499

Fixed rate mortgages

The mortgages listed below move on to our Standard Variable Rate (SVR), 8.39% (variable) after the initial rate period.

Product name
60% Ltd Company Buy To Let fixed for 5 years

Product code: BDF146 (only available to packagers)
Initial rate
5.39%
Overall cost for comparison
7.7% APRC
Max LTV %
60%
Product fee
£3,499
Product name
60% Ltd Company Buy To Let fixed for 2 years

Product code: BDF145 (only available for packagers)
Initial rate
5.99%
Overall cost for comparison
8.7% APRC
Max LTV %
60%
Product fee
£3,499
Product name
Buy to Let fixed for 5 years

Product code: BDF138
Initial rate
6.74%
Overall cost for comparison
8.0% APRC
Max LTV %
80%
Product fee
£999
Product name
Buy to Let fixed for 2 years

Product code: BDF137
Initial rate
6.94%
Overall cost for comparison
8.6% APRC
Max LTV %
80%
Product fee
£999
Product name
Ltd Company Buy to Let fixed for 5 years

Product code: BDF140
Initial rate
6.74%
Overall cost for comparison
8.2% APRC
Max LTV %
80%
Product fee
£1,499
Product name
Ltd Company Buy To Let fixed for 2 years

Product code: BDF139
Initial rate
6.94%
Overall cost for comparison
8.7% APRC
Max LTV %
80%
Product fee
£1,499
  • Repayment type
    Interest only and repayment options available
  • Key features
    • Availability – Purchase & Remortgage up to 80% Loan To Value (LTV). Minimum deposit of 20% required.
    • Flexibility – Overpayments up to 20% of the capital balance as at 1st January allowed in each calendar year without penalty.
    • Portable.
  • Early repayment

    For full repayment of a 5 year fixed product, you will pay 3% of the outstanding balance in years 1, 2, 3 & 4; 2% in year 5, plus a Closing Administration Fee (currently £100).

    For overpayments of a 5 year fixed product, you will pay 3% on any amount exceeding your 20% limit in year 1, 2, 3 & 4, 2% in year 5.

    For full repayment of a 2 year fixed or discounted product, you will pay 3% of the outstanding balance in the first year and 2% in the second year, plus a Closing Administration Fee (currently £100).

    For overpayments of a 2 year fixed or discounted product, you will pay 3% on any amount exceeding your 20% limit in the first year and 2% in the second year.

  • Product fees
    • BTL Valuation fee.
    • Product fee £999 for individual applications and £1,499 for limited company applications.
  • Lending criteria

    Lending Criteria and Information

    Loan:Size: Minimum £50,000, Maximum £500,000 at 80% and up to £1,500,000 at 75%.
    Term: Minimum 5 years, Maximum 40 years.
    Repayment Type: Capital Repayment, Interest Only.
    Property:Must be standard construction.
    New build flats may be considered. Must be in England, Wales or Scotland*.*Mainland Scotland and The Shetlands, The Orkneys, Arran, Bute, Skye, Harris & Lewis, Mull and Islay.
    Applicant:Age: Minimum 21, no maximum, subject to income in retirement.
    Income:Household income must be at least £20,000.
    Rental:The calculation is based on the actual or expected rental. Rent must cover 125% of the ‘stressed mortgage payments’ for basic rate tax payers, or 145% for higher rate tax payers.  The stressed mortgage payment is based on the product rate +2% or 5.5% whichever is higher.
    Underwriting:We take a flexible approach to underwriting and will consider each case on its merits. We do not credit score. The actual rate and APRC for your case will depend on your circumstances and our assessment of the risk.
  • Useful stuff

    Mortgage Conditions

    Mortgage Conditions Scotland

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