Buy to Let 2 Year Fixed Rate Mortgage (Fixed Application Fee)
Fix your mortgage rate for the first two years
Interest Rates
| Term | Fixed Rate | Then you switch to our Buy to Let Variable Rate for the rest of the mortgage term, currently | The overall cost for comparison is | Maximum Loan | Amount you can borrow as a percentage of the value of the property | ||
|---|---|---|---|---|---|---|---|
| Purchase | Remortgage | Additional Borrowing | |||||
| 2 Years | 5.09% | 4.99% | 5.4% APR | £250,000 | 70% | 70% | 70% |
| 2 Years | 5.39% | 4.99% | 5.4% APR | £250,000 | 75% | 75% | 75% |
Features
- Borrow up to 75% of the property's value.
- Rental income must be at least 125% of the monthly mortgage interest payment based on the Buy to Let fixed rate.
Fees
- Application fee for new purchases and remortgages £2,298 – this includes £299 which is payable at the time of application and is non-refundable. The remaining £1,999 can be paid up front or added to the loan*.
Additional borrowing:
- For loans under £50,000 the application fee is £299 - this includes £99 which is payable at the time of application and is non-refundable. The remaining £200 can be paid up front or added to the loan*.
- For loans of £50,000 and over the application fee is £1,999. - this includes £99 which is payable at the time of application and is non-refundable. The remaining £1,900 can be paid up front or added to the loan*. - You will need to pay the property valuation fee for mortgage purposes, see our Mortgage Tariff of Charges page for more details. The fee is payable at the time of application and is non-refundable.
* The application fee can be added to the loan subject to the overall loan remaining within the specified percentage of the property’s value. If added to the loan, we will charge interest on the fee during the term of the loan.
Back to topEarly Repayment Charges
- During each 12 month period of the fixed rate term, you have the flexibility to make overpayments of up to 10% of the opening mortgage balance. The opening balance is reset every year on the anniversary of the completion of your mortgage. Any amount repaid over this limit will incur a charge equal to 3% of the excess overpayment.
- If you switch your loan to another lender, a different mortgage deal with us, or repay it in full before the end of the fixed rate term, you will have to pay an early repayment charge equal to 3% of the outstanding balance.
- At the end of the fixed rate term your mortgage will switch to our Buy to Let Variable Rate Mortgage. You will then be able to make as many overpayments as you wish or pay off your mortgage without incurring an early repayment charge.
- During the fixed rate term you may transfer the balance of the mortgage to a new property, without penalty, subject to the new property meeting the Society’s underwriting conditions at the time. The terms cannot, however, be extended to any further borrowing required if the product has been withdrawn.
- Your existing lender may impose an early repayment charge if you remortgage to us.
Apply Now
Phone
Call our Customer Contact Centre on
0845 601 3344
Mon-Fri: 8.30am - 8.30pm
Sat: 9.00am - 6.00pm
Sun: 11.00am - 5.00pm
Request a callback
Eligibility
This mortgage is available on Buy to Let properties located in the following counties:
- Bedfordshire
- Buckinghamshire
- Cambridgeshire (excluding City of Peterborough postcodes PE1, PE2, PE3, PE4, PE7 0--, PE7 8--)
- Essex
- Hertfordshire
- Norfolk
- Northamptonshire
- Suffolk
These mortgages are available for Buy to Let purchases, remortgages and additional borrowing.
All mortgages subject to security and status.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
