Buy to Let

Our Buy to Let range of products offer flexibility for a range of clients who may have a blip on their credit rating.

  • 2 year (limited edition) and 5 year fixed rates available
  • Up to £1m to 75% LTV; up to £750k to 80% LTV
  • No credit scoring or maximum value for CCJs / Defaults
  • Free legals on all remortgages - see product guide for more information

2 Year Fixed Rates (Limited Edition)

The rental calculation is 140% x the highest of 5.5%, Pay rate + 2% or Reversion rate + 2%. The ERC is 3% / 2%.

Rate LTV Completion Fee CCJs / Defaults Mortgage / Secured Arrears Reversion Rate Product Code
3.38% 70% 2% 0 in 36 months 0 missed payments in 36 months (max arrears status of 0 in last 6 months) LIBOR + 3.13% NP1
3.58% 75% LIBOR + 3.13% NP1
3.83% 80% LIBOR + 3.13% NP1
   
3.63% 70% 2% 0 in 24 months 0 missed payments in 24 months (max arrears status of 0 in last 6 months) LIBOR + 3.13% NP2
3.83% 75% LIBOR + 3.13% NP2
4.08% 80% LIBOR + 3.13% NP2

5 Year Fixed Rates

The rental calculation is 140% x Pay rate. The ERC is 4% / 4% / 3% / 3% / 2%.

Rate LTV Completion Fee CCJs / Defaults Mortgage / Secured Arrears Reversion Rate Product Code
4.18% 70% 2% 0 in 36 months 0 missed payments in 36 months (max arrears status of 0 in last 6 months) LIBOR + 4.70% NP1
4.38% 75% LIBOR + 4.95% NP1
4.63% 80% LIBOR + 5.20% NP1
 
4.43% 70% 2% 0 in 24 months 0 missed payments in 24 months (max arrears status of 0 in last 6 months) LIBOR + 4.70% NP2
4.63% 75% LIBOR + 4.95% NP2
4.88% 80% LIBOR + 5.20% NP2
   
5.18% 70% 2% 3 in 36 months (0 in last 18 months and max 2 in months 19 to 24) 2 missed payments in 36 months (max arrears status of 0 in last 6 months; no missed payments in last 18 months, 1 missed payment in months 19 to 24) LIBOR + 4.95% NC3
5.68% 75% LIBOR + 5.20% NC3
6.38% 80% LIBOR + 5.45% NC3
   
5.68% 70% 2% 3 in 24 months (0 in last 12 months and 2 in months 13 to 18) 2 missed payments in 24 months (max arrears status of 0 in last 6 months; no missed payments in last 12 months; 1 missed payment in months 13 to 18) LIBOR + 5.25% NC4
5.98% 75% LIBOR + 5.50% NC4
   
6.28% 70% 2% 4 in 24 months (0 in last 6 months and 2 in months 7 to 12 and 3 in months 13 to 18) 3 missed payments in 24 months (max arrears status of 0 in last 6 months; 0 missed payments in last 12 months; 2 missed payments in months 13 to 18) LIBOR + 5.75% NC5

 

LIBOR 0.3426% as of 14 March 2017.

Key Criteria Overview

  • First time landlords accepted
  • Up to 80% LTV for Buy to Let
  • Minimum income £18,000 per application
  • Free legals on all remortgages
  • Minimum loan size of £25,001
  • Maximum term of 35 years

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