1.89pc 2-year buy-to-let remortgage deal

Properties with lettings board outside

Available for those looking to remortgage, is a 2-year deal, with a competitive rate of 1.89% at 60% loan to value (LTV). The deal comes with free valuation and free legal cover from the lender’s own conveyancer and a competitive product fee.

Free valuation and free legal cover

Available with this deal is free standard valuation (up to £999) and free legal cover, providing you use the lender’s conveyancer.

The free legal cover is not available for Houses in Multiple Occupation (HMO).

2-year fixed rate buy-to-let remortgage

2-year fixed rate buy-to-let remortgage/caption>
Product type Initial rate Max LTV* Product fee ERC's**
2-year fixed 1.89% 60% £999 For 2 years

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

* Loan to Value

**Early Repayment Charge

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Missed mortgage payments

This lender will accept a maximum of one missed mortgage payment in the last 12 months, and no more than 2 months’ arrears on any credit agreement in the last 24 months.

Minimise upfront costs

If you are keen to minimise your initial outlay when arranging your remortgage, this lender offers the facility to cover the cost of the fees associated with the mortgage by adding them to the loan.

Discuss any questions you have with our advisors; they can help you plan a solution which fits with your objectives.

It is important to be aware though that adding fees to your loan can impact the total repayment amount of the mortgage.

Do you own part of the Freehold?

Some lenders apply caution when receiving applications for a buy-to-let where the borrower owns part of the freehold, however this lender has a more flexible approach in this scenario and will not penalise you on rate if this is the case.

No minimum income needed

This lender does not require a minimum income, but you will need a primary source of income (earned or savings generated) evidenced with latest monthly bank statement and proof of income.

Self-employed applications are welcomed, although you will need to evidence your latest year’s income.

Ex-pats

Applications are accepted from ex-pats who have been back in the UK for a minimum of 2 years and are a UK tax payer and are paid in Pounds sterling.

Mortgage criteria summary

  • Properties in England, Wales, Scotland and Northern Ireland
  • The primary applicant must already be a residential homeowner-occupier
  • Maximum age is 74 years old at application
  • Maximum loan £500,000
  • Not available to limited companies
  • Expats - must have been back in the UK for two years to apply.

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

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