Remortgage at a low 2.04% for the next two years!

Modern terrace houses

This buy-to-let deal is available to landlords owning up to a maximum of 10 buy-to-let mortgaged properties; unencumbered let properties are not included in this total!

Make the most of low upfront charges, with no application fee and a free valuation (up to £1,500), as well as £250 in cashback.

For applicants who own less than three buy-to-let properties, there is no minimum income requirement.

This product is only available for remortgage. Expats and limited companies are ineligible.

2.04% 2-year fixed buy-to-let remortgage

2.04% 2-yr fixed buy-to-let remortgage
Product type Initial rate Max. Loan to Value Product fee *ERC's
2-year fixed 2.04% 75% £995 For 2-years

*Early Repayment Charge


New rules for portfolio landlords with this lender:

All landlords with 4 or more mortgaged buy-to-let properties will be subject to a manual assessment from this lender.

Landlords with between 4 and 10 properties (including the new application) will require a “Customer Profile Form” (more details below) and will need to provide proof of income, deposit and other supporting documentation.

Landlords with 4 or more properties (including the new application) will need to demonstrate a minimum income of £30,000 per year, which can be derived from employment or self-employment, pension income or investment income.

The maximum aggregate portfolio is 75% loan to value.

What is a “Customer Profile Form”?

The form gathers additional information about your:

• Investment strategy
• All property you own outside your let properties (residential, second home, holiday home)
• All savings, investments, unsecured assets
• Details of all of your let properties

Income requirements

There is no minimum income requirements for applicants who own less than 3 mortgaged buy-to-let properties.

For landlords owning 4 or more properties, you will need to provide evidence to cover a minimum of £30,000 per year income.

  • Employed earnings: Latest payslip
  • Self-employed earnings: Latest 2 years SA302 tax calculation and tax year overviews, including for 2016/17; or; full accounts. 
  • Retired earnings: Latest bank statement showing pension payments; latest annual statement
  • Gross annual rental income: Letter from your Letting Agent; SA105 rental property form; tenancy agreement; your last 3 months of bank statements showing rental income; a letter from your accountant.

This lender will take into consideration income from different sources, so a mixture of the above is acceptable, as long as it is correctly documented and evidenced.

Applicant criteria

Up to 4 people may be included on the applications.

At least one applicant must be an existing property owner in the UK and all other applicants must either currently or previously have owned a property in the UK.

First Time Buyers are not eligible, however First Time Landlords will be considered.

Applicants must be on the voter's roll at the current address or proof of residence will need to be provided, such as a bank or building society statement, credit card statement, orCouncil Tax statement.

Age requirements

All applicants must be at least 25 years-old.

The oldest applicant must not exceed 75 years-old at the time of the application and can be no older than 80 years-old at the end of the mortgage term.

Property location and type

Property can be located in England, Wales, Scotland or Northern Ireland.

If your property is a little out of the ordinary, this lender may give consideration in circumstances that others won’t.

Each property must meet minimum criteria and the lender will consider the following:

  • Adjoining property purchases, subject to valuer’s comments; 
  • Properties with annexes;
  • Studio flats subject to valuer’s comments. Unlike some lenders, there is no minimum size requirement; 
  • Flats forming part of a conversion where the total number of flats in the scheme is above eight; 
  • Flats above/adjacent to a business which is owned by someone different, are subject to valuer’s comments. 

The above might be subject to criteria. Please call for more details.

Houses of Multiple Occupation and tenancy types

If you own a student House of Multiple Occupation (HMO), you may be accepted, subject to appropriate Local Authority licensing and a valuer’s assessment of suitability based on a number of criteria, including, but not limited to the following:

  • A maximum of 5 unrelated tenants; 
  • The property must be suitable for standard residential occupation 
  • The property may be let on a single Assured Shorthold Tenancy (in England & Wales), a short assured tenancy (in Scotland), a private tenancy (in Northern Ireland, in which case when creating the tenancy it must comply with the provisions of the Private Tenancies (Northern Ireland) Order 2006) 
  • The maximum tenancy term is 12 months although a maximum tenancy of 3 years is acceptable when the tenancy is in the form of a Department for Communities and Local Government (DCLG) model agreement of September 2014 (or as amended) or the Scottish Equivalent 
  • There must not be more than one Assured Shorthold Tenancy in place. 

Please call us for more details.

Loan term, size and property value

The minimum loan term is 5 years, the maximum term is 40 years.

The minimum property value is £40,000.

The minimum loan amount is £25,001 and the maximum loan size is £1 million.

Enquire online

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