Buy to Let Mortgages

Overview

Our range of buy to let mortgages offers landlords a variety of solutions, whatever their situation. We can help portfolio landlords, limited companies, those looking at HMOs, and even first time buyer and first time landlords. Using top slicing to support a mortgage may be the solution for some, whilst a 5 year fixed rate could be more suited for another.

Making it easier

Click here to view our Buy to Let Mortgage submission guide. This document has been designed to help provide a smooth application process for you and your customer.

NEW - Don’t miss our limited edition 2 year fixed buy to let mortgages product, click here to find out more.

Top slicing now available across our entire Buy to Let product range

Our newest initiative is the extension and automation of top slicing, which is available for limited company, personal tax structures and portfolio landlords.

Top slicing allows landlord to:

  • Choose from a wider choice of products
  • Achieve greater flexibility around loan size
  • Optimise their investment opportunity
  • Demonstrate that they can meet financial stresses using surplus earned or portfolio income

To find out more click here to view our online criteria guide or download our Guide to Top Slicing.

Highlights and features

  • Holiday Let and Multi-Unit properties now accepted.
  • Rental cover - ICR: based on individual circumstances
  • Rental cover - Assessment rate:
    • Higher of pay rate + 2%, or revert rate (minimum 5.50%) for shorter term Fixed and Tracker products
    • Pay rate for 5 year + Fixed rates (additional underwriting may be required)
  • 5 year fixed rate products that help maximise the loan size available
  • Minimum property value of £50,000 (excluding London and HMO properties)
  • Maximum term of 35 years
  • Maximum age at application 80 years
  • 2 and 5 year fixed rate products

Click here to see more information about our Limited Companies and Houses in Multiple Occupation (HMO) range.

Key criteria

Click here to view the buy to let mortgages criteria guide for further information.

Who is this range for?

  • landlords with high quality properties with a low rental yield
  • experience or retired landlords looking to extend their portfolio
  • self-employed landlords with 1 year’s accounts
  • landlords looking to purchase a new build property
  • first time landlords
  • first time buyer landlords
  • consumer buy to let

Portfolios without the heavy lifting?

If you have a landlord who has 4 or more properties click here to visit our dedicated portfolio page.

Packager Panel

Let our Packager Panel do the work for you.

You can submit a residential or buy to let mortgage to us direct or alternatively you can introduce a case to one of our packagers.

Contact one of our packagers direct today.

Bank of England Base Rate (BBR) Trackers and the Reversion Rate

BBR Trackers and reversion rates are variable rates that are linked to the Bank of England base rate. For new applications, any change to BBR will apply on our systems and documentation the next day. For existing accounts, any change to BBR will apply on the day of the change.

All of our BBR tracker products 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 of the tracker mortgage.

For intermediary use only
BBR 0.75%