Low initial rate and fee on 2-year fixed BTL purchase

Landlord signing document

Individual borrowers, be enticed by these phenomenal 2-year fixed rate buy-to-let deals, with different lender fee options to help you minimise upfront costs.

Both deals allow you to borrow up to 60% of the property value when you buy (this is not a remortgage deal, but speak to us for alternative options if that is your requirement). The maximum loan size is £300,000, but you can borrow more with this lender via other products – call us for details.

Limited companies and expats are not eligible for this deal, but other options are available, so call for a recommendation.

2-year fixed rate buy-to-lets from 1.69%

2-year fixed rate buy-to-let mortgages
Product type Initial rate Max. Loan to Value Product fee ERC's*
2-year fixed 1.69% 60% £995 For 2 years
2-year fixed 1.79% 60% 0.5% of loan For 2 years

*Early Repayment Charge


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Property locations accepted

In the property world the mantra location, location, location is much used and this lender is no exception, they cover England, Scotland, Wales and Northern Ireland.

Flexible property criteria

The property must be habitable, saleable, structurally sound and eligible for buildings insurance, all fairly standard stuff.

What you may find useful, however, is the wider flexibility on the property because this lender will assess non-standard constructions types on a case-by-case basis.

The following property types may be accepted:

  • Adjoining property purchases*
  • Properties with annexes (as long as the annexe is on the main title and is not subject to a separate tenancy agreement)
  • Studio flats, no minimum size stipulations*
  • Flats above/adjacent to a business, where the applicant is not the owner of the business*

*Subject to valuers comments

Affordability calculation

The affordability calculation for this lender is more flexible than some others in the marketplace, which means that you may be able to borrow a higher loan amount through these products than you would elsewhere.

Your personal income

There is no minimum income from this lender, but you must be able to prove what income you have.

  • Pension income is accepted
  • Regular guaranteed overtime, bonuses and commission are accepted
  • Contractors are welcomed, subject to certain stipulations, speak to our team for details
  • British Forces Personnel are accepted, subject to certain stipulations, speak to our team for details

A great initial rate, great fee options, what is the catch?

You must be clear on the exact amount of your income prior to our securing a decision in principle with this lender and we will ask you for evidence of it, by way of a wage slip if you are salaried, or SA302 if you are self-employed.

If you have these documents readily to hand and can get copies to us quickly, we can secure a provisional decision in the most effective timescale.

Further original documents will be necessary for the actual application, which your advisor and will request from you, again the quicker we receive all of the documents (which must be sent together to the lender with the application) the faster we can secure the deal for you.

Call us on 0800 032 6388 or enquire online

This information should not be interpreted as financial advice. Mortgage and loan rates are subject to change.