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Ltd Company Buy To Let variable for 2 years

An opportunity to add to your property portfolio by purchasing residential buy-to-lets through a limited company or SPV (Special Purpose Vehicle) with a minimum 25% deposit.

Get an idea of how much you can borrow with our affordability calculator. The calculator will work out the maximum amount you could borrow by using a 5 year fixed rate to calculate the highest mortgage possible. Where a 5-year fixed rate is not available, the lowest rate will be used, stressed at +2%. Please contact the team to discuss your specific circumstances.

The mortgages listed below move on to our Standard Variable Rate, 5.60% (variable), after the initial rate period.  Our SVR is increasing to 5.75% (variable) from 1st July 2022.

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.

rate i
Discount from SVR iOverall cost for
comparison i
Max %
type i
3.45%2.15%5.5% APRC75%Interest only and repayment options available
See example

Representative example: A mortgage of £135,000.00 taken out for a period of 18 years on an interest only basis.
Monthly instalments: £388.13 per month for 23 months, followed by £631.92 per month for 192 months.
Total amount payable: £267,109.63.
Total amount of credit: £135,000.00.
The total amount payable includes valuation fee £255, product fee £1,499 and closing fee £100.
The overall cost for comparison is 5.5% representative APRC.
This example relates to the Buy to Let 3.45% variable for two years product. It is based on our current Standard Variable Rate of 5.60%, with no fees added to the mortgage.

Please ask for a personalised illustration for your own particular requirements.

Monthly payments calculator

Use the calculator to find out what your monthly payments might be based on the mortgage product and the type and term of your borrowing.

Mortgage details

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Please scroll down for monthly payments by product.

This is the maximum amount based on the information you provided. Your mortgage adviser will take you through the application process and will calculate the amount you can afford to borrow based on your income after the deduction of those expenses and commitments. Further restrictions may apply for specialist products.

  • Key features
    • Availability – Purchase & Remortgage up to 75% Loan To Value (LTV).
    • Flexibility – Overpayments up to 20% of the capital balance as at 1st January allowed in each calendar year without penalty.
    • Portable.
  • Early repayment

    If you repay your mortgage early, or make an overpayment, you may have to pay an early repayment charge.

    For full repayment, 3% in years 1 then 2% in year 2, plus a Closing Administration Fee (currently £100).

  • Product fees
  • Lending criteria

    Lending Criteria and Information

    Loan:Size: Minimum £50,000, Maximum £1,500,000 at 70%
    Term: Minimum 5 years, Maximum 40 years.
    Repayment Type: Capital repayment, Interest Only.
    Property:Minimum Value: £100,000. Must be standard construction.

    New build flats may be considered. Must be in England, Wales or mainland Scotland.

    Applicant:The Society will consider applications from a Limited Company subject to the following:

    · The company must have a minimum 3-year trading history (SPV’s are acceptable with no trading history providing they exist solely for the purpose of property letting)

    · We require a copy of the Memorandum of Association and Articles of Association showing that the Company has the authority to raise a mortgage and hold freehold or leasehold estate

    · We require a copy of the Certificate of Incorporation

    · A copy of the Resolution of the Board will be required confirming agreement to the mortgage

    · Layered companies will not usually be acceptable

    · A personal guarantee will be taken from all Directors

    · The Company must be registered in the UK and all Directors must reside in the UK

    · The Society will usually require separate legal representation for new borrowers

    Income:Household income/net profit 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’. The stressed mortgage payment is based on 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.
  • Proc fee

    We will pay a gross procuration fee of 0.35% on all introduced business. The fee is usually paid within five working days following completion. Procuration Fees may vary for our recognised Clubs & Packagers.

  • Useful stuff

    Tariff of Mortgage Fees

    Mortgage Conditions

    Mortgage Conditions Scotland

How to apply

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Find out more and apply on Broker Online


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This section is for use by professional Intermediaries only. If you are a customer please visit our Mortgage section.