A mortgage that gives your clients the control and flexibility to help them manage their property investments and maximise their returns.
No verification of income required up to 75% loan to value.
A rental income required of at least 110%
Borrow up to 75% of property value or purchase price (whichever is lower) at affordable rates up to a maximum of £500,000.
Half price arrangement/booking fees for up to 9 additional Buy to Let mortgages within 12 months following the Approval In Principle (AIP) stage of your client's first application - providing the maximum overall lending does not exceed £500,000. Find out more about our half price arrangement/booking fees.
No standard valuation fee and no standard legal fee with our Freestyle
remortgage package.
Read more about moving your
client's mortgage to us
Manage initial costs - add fees to loan.
Affordability Boost - we can consider three times income minus any outstanding residential mortgage to reduce the rental yield required and increase the amount your client could borrow. Learn more about Affordability Boost
Borrow from £40,000 up to £500,000 on a single property up to 75% LTV.
Your client can make unlimited overpayments on a variable rate Buy to Let mortgage, either regularly or with lump sums, or overpay up to 10% of their outstanding balance every year on a fixed rate Buy to Let mortgage.
Make overpayments at any time and borrow back if necessary or use the Prepayment Reserve to fund the deposit on another property.
Up to two payment holidays per year - allows your clients to take a break from their mortgage.
Next Steps
Get a quote and apply online now for single or multiple properties.
Rental income must cover at least 110% of your client's monthly interest payment, calculated using the appropriate rate. The appropriate rate is the interest rate applicable after the end of the initial discount rate period (for products with an initial discount rate) and the initial fixed rate for the appropriate Loan to Value (for products with an initial fixed rate).
For your client's first Buy to Let Mortgage an arrangement fee will be payable. A booking fee will also apply on our fixed rate Buy to Let mortgages.
For additional properties your client will only be charged half price arrangement/booking fees on a maximum of 9 further Buy to Let mortgages within the 12 month period following completion of their first application.
These fees can be added to your client's loan. See our tariff of charges for full details of fees.
For the main applicant there is a minimum age of 25 and a maximum age of 64. Any applicant whose term takes them beyond the age of 69 is limited to 65% LTV. We also accept applications from joint applicants, the employed and the self-employed. Professional landlords and guarantor applications will be considered (subject to lending criteria).
Your client must have made 6 consecutive monthly payments before requesting a payment holiday. 22 days' notice must be given and is subject to sufficient funds in their Prepayment Reserve. Their monthly payments, interest payable and remaining balance secured on the property will increase.
If you overpay more than 10% of your outstanding balance per year on a fixed rate Buy to Let mortgage, early repayment charges will apply.
Early repayment charges will also apply if the loan is redeemed during the tie-in period for a variable rate Buy to Let mortgage.
Adding fees to the loan will increase monthly payments and the amount secured on the property.
Let out the property for as little as six months.
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