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 our Limited Company Buy To Let mortgages are not currently available for Intermediaries.
Affordability calculator
Find out how much your client can borrow with our affordability calculators.
Our Standard Variable Rate (SVR) is currently 7.79%. 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.
We will pay a gross procuration fee of 0.4% on all new introduced business and 0.3% on all product transfers. The fee is usually paid within five working days following completion. Procuration fees may vary for our recognised Clubs & Packagers.
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.
| 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 Mainland Scotland, Shetland, Orkney, Arran, Bute, Skye, Harris & Lewis, Mull and Islay. |
| All applicants: | Must be UK residents. Minimum age 21. No maximum age, 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. |
Mortgage Conditions
Mortgage Conditions Scotland
Craig, Roberts McBain
Gail, Mortgage Sure Ltd
Emma. G3 Mortgages
John, Virtue Financial
Andy, Together FSL
Clark, Wiser Mortgage Advice
How To Submit A Case
Follow our step by step guide
