Buy to let rates now starting from 3.59%.

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Buy To Let

Single dwelling properties Key criteria

Loan amounts and LTV limits.

Min loan size
£40,000
Max loan sizes
£3,000,000 up to 60% (Single dwelling properties)
£1,000,000 up to 60% (HMO and multi-unit properties and Tier 2 and Tier 3 products)
£1,000,000 up to 70%
£750,000 up to 75%
£500,000 up to 80%

Affordability

Short-term fixed rates assessed at pay rate plus 1.55%. Minimum 5.50%

5-year fixed rates assessed at pay rate.

Personal ownership ICRs
Basic rate taxpayers 125%
Higher rate taxpayers 140%
Additional rate taxpayers 140%

Limited company ICR
Limited company applications 125%

Top slicing
Available only for Limited company SPV Purchase and Remortgage applications only. Not available to first-time buyers.

Applicant.

Min age
21 years
Max age
80 years at application (max term of 35 years)

Personal ownership applications
Max number of applicants: 2
Limited company applications
Max number of guarantors: 4
Experience
HMO and multi-unit applicants must have held a current buy to let for at least 12 months prior to application.

Bank of England base rate (BBR) reversion rate.

BBR reversion rates are variable rates linked to the Bank of England base rate.

BBR reversion rates have a floor. This means that if BBR were to fall to 0.00% or less the rate payable will be 0.00% plus the agreed set percentage above BBR. This means that the rate payable will never go below 0.00% plus the additional percentage rate.

Income.

No minimum income requirements on loans up to and including £1,000,000. For loans over £1,000,000 a minimum income of £100,000 is required. The main applicant must be employed/self-employed.

Term.

Min
5 years

Max
35 years

Repayment methods.

Capital and interest and interest only.

Property restrictions.

Multi-unit properties not accepted in Scotland.

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