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.

If you are a new customer looking to remortgage, take a look at our BTL remortgage only page.

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

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

2 Year Fixed Rate Buy To Let Mortgages

Initial rate fixed up to and inc. 30/09/19Then the Society's BTL Variable Rate less 1% discount up to and inc. 30/09/22, (currently)Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
1.64%*4.74%5.74%4.9%60%£999 View
Max loan amount £500,000 / Purchase Only
1.55%*4.74%5.74%4.9%60%£2499 View
Max loan amount £500,000 / Purchase Only
2.15% 4.74%5.74%4.9%60%£0 View
Fee Saver / Max loan amount £500,000
1.94%*4.74%5.74%5.0%70%£1999 View
Max loan amount £500,000 / Purchase Only
2.09%*4.74%5.74%5.0%70%£999 View
Max loan amount £500,000 / Purchase Only
2.50% 4.74%5.74%5.0%70%£0 View
Fee Saver / Max loan amount £500,000

2 Year Fixed Rate Buy To Let Mortgages

Initial rate fixed up to and inc. 31/08/19Then the Society's BTL Variable Rate less 1% discount up to and inc. 31/08/22, (currently)Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
2.24%**4.74%5.74%5.1%60%£1999 View
Max loan amount £500,000
RATES CORRECT AS AT 14 Jul 2017

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

Representative Example

A mortgage of £96,000.00 payable over 25 years initially on a fixed rate for 2 years at 2.50% and then a 1.00% discount on our current Buy to Let Variable Rate of 5.74% for 3 years and then on our current Buy to Let Variable Rate of 5.74% for the remaining 20 years would require 24 monthly payments of £200.00, 36 monthly payments of £379.20 and 240 monthly payments of £459.20.

The total amount payable would be £224,694.20 made up of the loan amount plus interest of £128,659.20 and application fee £0, product fee £0, valuation fee £0.

The overall cost for comparisons 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 (unless otherwise specified).
  • For fixed rates up to and including 30/09/2019, Tapered Early Repayment Charges apply for the fixed rate period up to and including 30 Sep 2019 (unless otherwise specified).
  • For fixed rates up to and including 31/08/2019, Tapered Early Repayment Charges apply for the fixed rate period up to and including 31 August 2019 (unless otherwise specified).
  • Interest calculated daily.
  • Free standard valuation up to £999.
  • Fees assisted legal services for standard re-mortgages.
  • *These products are available for purchase only.
  • **No Early repayment charge

3 year Fixed Rate BTL Mortgages

Initial rate fixed up to and inc. 30/09/20Then the Society's BTL Variable Rate less 1% discount up to and inc. 30/09/22, (currently)Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
2.24% 4.74%5.74%4.8%60%£999 View
Max loan amount £500,000
2.65% 4.74%5.74%4.9%70%£999 View
Max loan amount £500,000
RATES CORRECT AS AT 14 July 2017

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

Representative Example

A mortgage of £139,000.00 payable over 25 years initially on a fixed rate for 3 years at 2.65% and then a 1.00% discount on our current Buy to Let Variable Rate of 5.74% for 2 years and then on our current Buy to Let Variable Rate of 5.74% for the remaining 20 years would require 36 monthly payments of £306.96, 24 monthly payments of £549.05 and 240 monthly payments of £664.88.

The total amount payable would be £323,833.70 made up of the loan amount plus interest of £183,799.70 and application fee £0, product fee £999, valuation fee £0.

The overall cost for comparisons is 4.9% 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.

* No Early Repayment Charge.

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 30 Sep 2020.
  • Maximum loan £500,000.
  • Interest calculated daily.
  • Free standard valuation up to £999
  • Fees assisted legal services for standard re-mortgages.

5 year Fixed Rate BTL Mortgages

Initial rate fixed up to and inc. 30/09/22Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
2.24% 5.74%4.5%60%£1999 View
Max loan amount £500,000 / Purchase Only
2.34% 5.74%4.5%60%£999 View
Max loan amount £500,000 / Purchase Only
2.59% 5.74%4.5%60%£0 View
Fee Saver / Max loan amount £500,000
2.85% 5.74%4.7%70%£1999 View
Max loan amount £500,000 / Purchase Only
2.95% 5.74%4.7%70%£999 View
Max loan amount £500,000 / Purchase Only
3.10% 5.74%4.7%70%£0 View
Fee Saver / Max loan amount £500,000
RATES CORRECT AS AT 14 Jul 2017

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

Representative Example

A mortgage of £83,000.00 payable over 25 years initially on a fixed rate for 5 years at 3.10% and then on our current Buy to Let Variable Rate of 5.74% (variable) for the remaining 20 years would require 60 monthly payments of £214.42 and 240 monthly payments of £397.02.

The total amount payable would be £191,184.00 made up of the loan amount plus interest of £108,149.00 and application fee £0, product fee £0, valuation fee £0.

The overall cost for comparison is 4.7% 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 30 September 2022.
  • Interest calculated daily.
  • Maximum loan £500,000.
  • Free standard valuation up to £999 and Fees assisted legal services for standard re-mortgages.

* These products are available for purchase only.

Variable Rate BTL Mortgages

The Society's BTL Variable Rate applies for the term of the mortgage, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
5.74%6.2%70%£0 View
Max loan amount £500,000
RATES CORRECT AS AT 1 SEP 2016

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

Representative Example

A mortgage of £150,000 payable over 25 years on our Buy to Let Variable Rate for the mortgage term of 25 years at our current rate of 5.74% (variable) would require 300 monthly payments of £717.5.

The total amount payable would be £365,555 made up of the loan amount plus interest of £215,250 and application fee £0, product fee £0, valuation fee £270.

The overall cost for comparison is 5.9% 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.

2 year Discounted BTL Rate

Initial variable rate for the first 2 years, (currently)TermsThen 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
1.85%The Society's BTL Variable rate less 3.89%4.74%5.74%5.2%60%£199 View
Fees Assisted / Max loan amount £500,000
1.85%The Society's BTL Variable rate less 3.89%4.74%5.74%5.2%60%£199 View
Fees Assisted / Max loan amount £500,000 / £250 Cashback upon completion
RATES CORRECT AS AT 24 FEB 2017

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

Representative Example

A mortgage of £101,000 payable over 25 years initially on a 3.89% discount on our current Buy to Let Variable Rate of 5.74% for 2 years and then a 1% discount on our current Buy to Let Variable Rate of 5.74% for 3 years and then on our current Buy to Let Variable Rate of 5.74% for the remaining 20 years would require 24 monthly payments of £155.71, 36 monthly payments of £398.95 and 240 monthly payments of £483.12.

The total amount payable would be £235,281.2 made up of the loan amount plus interest of £134,047.2 and application fee £0, product fee £199, valuation fee £0.

The overall cost for comparison 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.

 

2 Year Fixed Rate Buy to Let Mortgages

Initial rate fixed up to and inc. 31/08/19Then the Society's BTL Variable Rate less 1% discount up to and inc. 30/06/22, (currently)Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
1.69% 4.74%5.74%5.0%60%£999 View
Max loan amount £500,000 / £250 Cashback upon completion
2.15% 4.74%5.74%5.0%60%£0 View
Fee Saver / Max loan amount £500,000 / £250 Cashback upon completion
2.19%†4.74%5.74%5.0%70%£999 View
Max loan amount £500,000 / £250 Cashback upon completion
2.50%†4.74%5.74%5.0%70%£0 View
Fee Saver / Max loan amount £500,000 / £250 Cashback upon completion

5 Year Fixed Rate Buy to Let Mortgages

Initial rate fixed up to and inc. 31/08/22Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
2.39% 5.74%4.5%60%£999 View
Max loan amount £500,000 / £250 Cashback upon completion
2.59% 5.74%4.7%60%£0 View
Fee Saver / Max loan amount £500,000 / £250 Cashback upon completion
2.90%‡5.74%4.8%70%£999 View
Max loan amount £500,000 / £250 Cashback upon completion
3.10%‡5.74%4.7%70%£0 View
Fee Saver / Max loan amount £500,000 / £250 Cashback upon completion
RATES CORRECT AS AT 29 Jun 2017

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

Representative Example

A mortgage of £140,000.00 payable over 25 years initially on a fixed rate for 2 years at 1.69% and then a 1.00% discount on our current Buy to Let Variable Rate of 5.74% for 3 years and then on our current Buy to Let Variable Rate of 5.74% for the remaining 20 years would require 24 monthly payments of £197.17, 36 monthly payments of £553.00 and 240 monthly payments of £669.67.

The total amount payable would be £326,394.00 made up of the loan amount plus interest of £185,360.00 and application fee £0, product fee £999, valuation fee £0.

The overall cost for comparisons 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 (unless otherwise specified).
  • Tapered Early Repayment Charges apply for the fixed rate period up to and including 31 Aug 2022 (unless otherwise specified).
  • Free standard valuation up to £999.
  • Fees assisted legal services for standard re-mortgages.

†These products are only available to borrowers who already have a Buy To Let Mortgage with the Society or where an application is for more than one Buy to Let mortgage on behalf of the same customer.
‡ Unlimited capital repayments are allowed and No Early Repayment Charges apply.
* These products are available for purchase only.