Buy to Let Mortgages

With savings and pensions not having the same earnings potential as they used to, an increasing number of people are using their assets to purchase properties to rent out. We have a wide range of Buy to Let (BTL) mortgage options to choose from, which are available for house purchases or for customers remortgaging from another lender. If you’re unsure about how much you can borrow, our Buy to Let calculator will help provide an estimate.

You can choose from applying online or over the phone and get a Decision in Principle today.

Please note that applications from landlords with 4 or more mortgaged rental properties (Portfolio Landlords) can only be accepted through an independent financial advisor (IFA) or mortgage broker.

Visit our Knowledge Base for helpful information on letting properties and links to other useful resources.

Warning:THE MORTGAGED PROPERTY (WHICH MAY BE YOUR HOME) MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Fee Saver Buy to Let 2 Year Rate Mortgages

Initial rate fixed up to and inc. 29/02/20Then the Society's BTL Variable Rate less 1% discount for 3 years, (currently)Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
2.29% 4.99%5.99%5.2%60%£0 View
Fee Saver / Max loan amount £500,000
2.55% 4.99%5.99%5.0%70%£0 View
Fees Assisted / Max loan amount £500,000

Buy to Let 2 Year Fixed Rate Mortgages

Initial rate fixed up to and inc. 29/02/20Then the Society's BTL Variable Rate less 1% discount for 3 years, (currently)Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
1.74% 4.99%5.99%4.9%60%£1999 View
Max loan amount £500,000
1.84% 4.99%5.99%5.0%60%£999 View
Max loan amount £500,000
1.94% 4.99%5.99%5.0%70%£1999 View
Max loan amount £500,000
2.04% 4.99%5.99%5.0%70%£999 View
Max loan amount £500,000

Cashback Fee Saver Buy to Let 2 Year Rate Mortgages

Initial rate fixed up to and inc. 29/02/20Then the Society's BTL Variable Rate less 1% discount for 3 years, (currently)Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
2.50% 4.99%5.99%5.0%60%£0 View
Max loan amount £500,000 / £500 Cashback upon completion
2.85% 4.99%5.99%5.1%70%£0 View
Max loan amount £500,000 / £500 Cashback upon completion
RATES CORRECT AS AT 08 DEC 2017

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

Representative Example

A mortgage of £80,000.00 payable over 25 years initially on a fixed rate for 2 years at 2.29% and then a 1.00% discount on our current Buy to Let Variable Rate of 5.99% for 3 years and then on our current Buy to Let Variable Rate of 5.99% for the remaining 20 years would require 24 monthly payments of £152.67, 36 monthly payments of £332.67 and 240 monthly payments of £399.33.

The total amount payable would be £191,515.00 made up of the loan amount plus interest of £111,480.00 and application fee £0, product fee £0, valuation fee £0.

The overall cost for comparisons is 5.2% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender. A product fee is payable on application but is refundable should the mortgage not complete. A mortgage exit fee of £199 will apply.

Additional Features

  • 10% capital repayments are allowed each year without incurring an Early Repayment Charge.
  • Tapered Early Repayment Charges apply for the first 2 years.
  • Interest calculated daily.
  • Maximum loan £500,000.

* Free standard valuation up to £999 and Fees assisted legal services for standard re-mortgages.

 

Buy To Let 5 Year Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/03/23Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
2.19% 5.99%4.6%60%£1999 View
Max loan amount £500,000
2.39% 5.99%4.7%60%£999 View
Max loan amount £500,000
2.65% 5.99%4.8%70%£1999 View
Max loan amount £500,000
2.79% 5.99%4.8%70%£999 View
Max loan amount £500,000

Fee Saver Buy To Let 5 Year Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/03/23Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
2.69% 5.99%4.7%60%£0 View
Fee Saver / Max loan amount £500,000
3.00% 5.99%4.9%70%£0 View
Fee Saver / Max loan amount £500,000

Fee Saver Cashback Buy To Let 5 Year Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/03/23Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
2.74% 5.99%4.7%60%£0 View
Max loan amount £500,000 / £500 Cashback upon completion
3.25% 5.99%5.0%70%£0 View
Max loan amount £500,000 / £500 Cashback upon completion
RATES CORRECT AS AT 08 DEC 2017

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

Representative Example

A mortgage of £90,000.00 payable over 25 years initially on a fixed rate for 5 years at 3.25% and then on our current Buy to Let Variable Rate of 5.99% (variable) for the remaining 20 years would require 60 monthly payments of £243.75 and 240 monthly payments of £449.25.

The total amount payable would be £212,480.00 made up of the loan amount plus interest of £122,445.00 and application fee £0, product fee £0, valuation fee £0.

The overall cost for comparison is 5.0% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender. A product fee is payable on application but is refundable should the mortgage not complete. A mortgage exit fee of £199 will apply.

Additional Features

  • 10% capital repayments are allowed each year without incurring an Early Repayment Charge.
  • Tapered Early Repayment Charges apply for the fixed rate period up to and including 31 January 2023.
  • Interest calculated daily.
  • Maximum loan £500,000.

Buy To Let Variable Rate Mortgages

The Society's BTL Variable Rate applies for the term of the mortgage, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
5.99%6.2%70%£0 View
Max loan amount £500,000
RATES CORRECT AS AT 10 NOV 2017

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

Representative Example

A mortgage of £150,000.00 payable over 25 years on our Buy to Let Variable Rate for the mortgage term of 25 years at our current rate of 5.99% (variable) would require 300 monthly payments of £780.00.

The total amount payable would be £384,305.00 made up of the loan amount plus interest of £234,000.00 and application fee £0, product fee £0, valuation fee £270.

The overall cost for comparison is 6.2% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender. A product fee is payable on application but is refundable should the mortgage not complete. A mortgage exit fee of £199 will apply.

Additional Features

  • Unlimited capital repayments are allowed.
  • Maximum loan £500,000.
  • Interest calculated daily.
RATES CORRECT AS AT 14 Nov 2017

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

Representative Example

A mortgage of £80,000.00 payable over 25 years initially on a fixed rate for 2 years at 2.20% and then a 1.00% discount on our current Buy to Let Variable Rate of 5.99% for 3 years and then on our current Buy to Let Variable Rate of 5.99% for the remaining 20 years would require 24 monthly payments of £146.67, 36 monthly payments of £316.00 and 240 monthly payments of £382.67.

The total amount payable would be £186,771.00 made up of the loan amount plus interest of £106,736.00 and application fee £0, product fee £0, valuation fee £0.

The overall cost for comparisons is 5.2% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender. A product fee is payable on application but is refundable should the mortgage not complete. A mortgage exit fee of £199 will apply.

Additional Features

  • 10% capital repayments are allowed each year without incurring an Early Repayment Charge.
  • Tapered Early Repayment Charges apply for the first 2 years.
  • Interest calculated daily.
  • Maximum loan £500,000.

* Free standard valuation up to £999 and Fees assisted legal services for standard re-mortgages.

 

Fee Saver 2 year Buy To Let Tracker Rate Mortgages

Initial rate variable up to and inc. 31/01/2020, (currently)Then the Society's BTL Variable Rate less 1% discount for 3 years, (currently)Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
2.15% 4.99%5.99%5.2%60%£0 View
Fee Saver / Max loan amount £500,000
2.45% 4.99%5.99%5.3%70%£0 View
Fee Saver / Max loan amount £500,000

2 year Buy To Let Tracker Rate Mortgages

Initial rate variable up to and inc. 31/01/2020, (currently)Then the Society's BTL Variable Rate less 1% discount for 3 years, (currently)Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
1.95% 4.99%5.99%5.5%60%£1999 View
Max loan amount £500,000
2.15% 4.99%5.99%5.5%70%£1999 View
Max loan amount £500,000

5 year Buy To Let Tracker Rate Mortgages

Initial rate variable up to and inc. 31/03/2023, (currently)Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
1.90% 5.99%4.5%60%£1999 View
Max loan amount £500,000
RATES CORRECT AS AT 08 DEC 2017

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

Representative Example

A mortgage of £120,000.00 payable over 25 years initially on a tracker rate for 2 years at 1.65% above the UKBBR (currently 2.15%) and then a 1.00% discount on our current Buy to Let Variable Rate of 5.99% for 3 years and then on our current BVR of 5.99% for the remaining 20 years would require 24 monthly payments of £215.00 and 36 monthly payments of £599.00 and 240 payments of £599.99.

The total amount payable would be £286,919.00 made up of the loan amount plus interest of £166,884.00 and application fee £0, product fee £1999, valuation fee £0.

The overall cost for comparison is 5.5% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender. A product fee is payable on application but is refundable should the mortgage not complete. A mortgage exit fee of £199 will apply.

Additional Features

  • 10% capital repayments are allowed each year without incurring an Early Repayment Charge (unless otherwise specified).
  • Free standard valuation up to £999.