| Mortgage Product | Maximum Loan to Value | Initial Rate | Followed by our Standard Variable Rate | The overall cost for comparison | Product Fees | Deposit amount |
|---|---|---|---|---|---|---|
| Business Buy to let – 3 Year Discounted Rate 2.19% | 60% | 2.19% | 4.99% | 4.5% APRC |  |
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Based on a £150,000 mortgage, secured by first charge on the property, repaid on an interest only basis over a 20 year term: 36 monthly payments at a variable rate of 2.19%, (£273.75) £9855.00. 204 monthly payments at standard variable rate (currently 4.99%), (£623.75) £127,245.00. Valuation fee on property of £320,000 payable when you apply £330 (see scale). Telegraphic Transfer fee payable when you apply £25. Solicitors fees payable to your conveyancer (estimated) £360. Mortgage Discharge Fee payable at the end of your mortgage £150. Loan amount payable at the end of the mortgage £150,000. Total Amount Payable £287,965.00 |
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| Consumer Buy to Let 3 Year Discounted Rate 2.19% | 60% | 2.19% | 4.99% | 4.5% APRC | |
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| Holiday Buy to Let – Discounted Rate for Term 2.49% | 60% | 2.49% | n/a | 2.6% APRC | £798 | |
| Family Assist Student Buy to Let 2.99% | 60% | 2.99% | n/a | 3.1% APRC | |
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| Family Buy to Let – Discounted Rate for Term 2.99% | 60% | 2.99% | n/a | 3.1% APRC | |
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| Business Buy to Let – 3 Year Discounted Rate 2.49% | 75% | 2.49% | 4.99% | 4.6% APRC | £399 |  |
| Remortgage Business Buy to let – 3 Year Discounted Rate 2.49% | 75% | 2.49% | 4.99% | 4.6% APRC | £399 | |
| Consumer Buy to Let 3 Year Discounted Rate 2.49% | 75% | 2.49% | 4.99% | 4.6% APRC | £399 | |
| Family Assist Student Buy to Let 3.29% | 75% | 3.29% | n/a | 3.4% APRC | £598 | |
| Family Buy to Let – Discounted Rate for Term 3.29% | 75% | 3.29% | n/a | 3.4% APRC | £598 | |
Whatever your reasons are for buying to let, you will want to make a return on your investment. You will therefore need to know what factors may have a positive or negative impact on your investment. There is no guarantee on the level of investment return you will receive. The type of property, furnishings, tenant, agent and economic conditions all affect the level of rent achieved.
There are three types of buy to let mortgages – Regulated buy to let (BTL) this is when you or a member of your family will at some stage use the property as their home. Consumer buy to let (CBTL) is when the property has been inherited or the owner has previously lived in the property but is unable to sell it so resorts to letting the property. Business buy to let (BTL) is for purchasing property to let.
Our Buy to Let mortgages are available for house purchases or for customers remortgaging from another lender. To find out more make an appointment with a Mortgage Advisor by calling 01664 414141.
