Before we agree your mortgage we’ll need to establish that you can afford to meet the monthly payment
This mortgage is available on residential properties located in England and Wales
This mortgage is available for Buy to Let purchases, remortgaging, product switches and additional borrowing
- Borrow up to 80% of the property's value
- Rental income must be at least 140% of the monthly mortgage interest payment based on an interest rate of 5.50%
- Buy to Let Mortgages are not regulated by the FCA
- The property must be let on an Assured Shorthold Tenancy (AST) agreement. Our normal requirements are for a minimum term of six months and a maximum term of one year
- We regret that we're unable to lend on Houses in Multiple Occupation (HMOs)
- The total lending must not exceed £2,000,000 and we do not lend if you have three or more mortgaged Buy to Let properties
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
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of the 2 Year Discounted Variable Rate Buy to Let Mortgage
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