1.64% 2-year fixed remortgage with £500 cashback

This incredibly low-rate buy-to-let deal gives £500 cashback and also offers savings from the outset with a free lender valuation of up to £1,500.

With the maximum loan set at £1 million, the product fee of just £995 could prove very generous.

Your property can be located in England, Wales, Scotland or Northern Ireland, but is only available on a remortgage basis and may be used for Houses of Multiple Occupation (HMOs) (see below for more details).

Fix your buy-to-let repayments at 1.64% for 2-years

1.64% fixed rate 2-year buy-to-let mortgage
Product typeInitial rateMax. Loan to ValueProduct feeERC's
2-year fixed 1.64% 60% £995 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.

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*Early Repayment Charge

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

Applicant criteria

This lender will accept up to a maximum of 4 applicants, who must be at least 25 years old.

The eldest applicant must be no older than 75-years at the time of the application and no older than 80-years at the end of the term.

At least one of the applicants must currently own a property in the UK (proof of ownership will be needed).

This lender will not accept applications from first time buyers.

First time landlords will be considered if you currently own a property in the UK (e.g. if you own your residential home) or, in the case of joint applications, one person must currently own a UK property.

In addition to UK citizens, expats who have returned to the UK may qualify, if they have demonstrated that they have been employed for 12 months or self-employed for 2 years.

Applicants receiving benefits: If part of your income is from benefits, this lender will consider your application.

British Forces Personnel: If you have a BFPO address and meet other employment criteria your application you can apply for this product.

Income requirements

There is no minimum income requirement with this lender, but at least one applicant must have earned UK income and/or pension income. The lender will accept regular guaranteed overtime, bonuses and commission to be considered within income calculations.

Your income can be entirely from your basic salary, or a combination of salary and service or state pension.

Proof of income:

On occasions when the lender requires further proof of income, your latest 3 months of payslips will suffice for employed applicants. You must have been employed for a minimum of three months in your current job and had twelve months of continuous employment.

Self-employed applicants must have been self-employed for at least two years. The lender prefers to see the latest two years Tax Calculations accompanied by corresponding Tax Year Overviews. The tax due for each tax year must exactly match the corresponding Tax Calculation figure for Income Tax and National Insurance due.

Retired applicants must submit their latest bank statement or pension statement (dated within the previous 12 months).

Contractors may also apply for this product and should speak to an advisor for clarity on how their personal circumstances may impact on eligibility.

Use of loan

In all applications for this product, including unencumbered properties, the applicant will need to have owned the property for at least 6 months.

The property may be used as an HMO, with a maximum number of 5 occupants, who must all be party to a single tenancy agreement.

You may raise capital from your property when remortgaging, debt consolidation is also possible, and your advisor can give you more information on these options.

Property location

Your property can be located in England, Wales, Scotland or Northern Ireland. Non-standard construction types will be assessed on a case by case basis.

It may be let on a single Assured Shorthold Tenancy in England and Wales, in Scotland this must be a short assured tenancy or a private tenancy in Northern Ireland, where it must comply with local law.

Loan amounts and terms

Loans are available from a minimum of £25,001, up to a maximum of £1 million, with a maximum loan to value of 60%.

The minimum property value or purchase price (whichever is the lower) is £40,000.

The mortgage term is can be from 5 years to 40 years, subject to maximum age limits.

To discuss this deal with our buy-to-let mortgage specialists:

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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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