2-year tracker from 1.59pc at 65% LTV

Today we want to draw your attention to two market-leading tracker rates of 1.59% at 65% loan to value (LTV) and 1.94% at 75% LTV. 

These deals have broad appeal by the very nature of the rates, but they also have some interesting features, (see “Switch to Fix” and “Keeping initial costs low”) and criteria which may be helpful if you are not employed and your income is solely from rent.

Rental income only?

This lender will consider rental income only, so you do not need to be employed to apply for these deals. You will need to show concurrent rental income for the last six months at application, and that income must meet mortgage affordability criteria.

If you have been receiving rent consistently for the last six months and would like to ascertain your eligibility for these deals, call on the number above or:

Enquire online now

“Switch to Fix”

If you want to take advantage of these fantastic low rates, but would like the security of knowing you could switch to a fixed rate and monthly repayment without penalty, then this lender offers a fantastic solution.

Their ‘Switch to Fix’ option enables their customers to switch to a fixed rate within their range at any time without paying early repayment charges.

Keep initial costs low

These mortgage deals have a sliding scale arrangement fee, which means the higher your chosen product rate, the lower your arrangement fee, and vice-versa.

This is particularly beneficial if you are looking to keep your initial borrowing costs down, or want to strike a balance between rate and fees.

Talk to our advisors to discuss achieving the right balance for you.

65% LTV 2-year tracker rates

65% LTV 2 year tracker rate products
Product typeInitial rateMax LTV*Arrangement fee (% fee min £595)ERC's**
2 year tracker 1.59% (BBR + 1.34%) 65% 2.00% For 2 years
2 year tracker 1.69% (BBR + 1.44%) 65% £1,995 For 2 years
2 year tracker 1.99% (BBR + 1.74%) 65% £995 For 2 years
2 year tracker 2.44% (BBR + 2.19%) 65% £0 For 2 years

75% LTV 2-year tracker rates

75% LTV 2 year tracker rate products
Product typeInitial rateMax LTV*Arrangement fee (% fee min £595)ERC's**
2 year tracker 1.94% (BBR + 1.69%) 75% 2.00% For 2 years
2 year tracker 1.94% (BBR + 1.69%) 75% £1,995 For 2 years
2 year tracker 2.29% (BBR + 2.04%) 75% £995 For 2 years
2 year tracker 2.69% (BBR + 2.44%) 75% £0 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

BBR – Bank of England Base Rate

First time landlords

All the products featured are available to first time landlords, with a maximum loan amount of £500,000.

First time landlord applicants must have owned and occupied their own home for at least the last six months, but not have owned and let a buy to let property for the last six months.

Ex-pats

Applications are accepted from ex-pats who have been back in the UK for a minimum of 3 years and are a UK tax payer.

Mortgage criteria summary

  • Properties in England, Wales and mainland Scotland
  • Maximum age is 70 years old at application
  • Minimum loan £25,001
  • Maximum loan term is 35 years
  • Limited companies not accepted
  • Available for purchase or remortgage

For full mortgage criteria and to discuss your eligibility, please call the number at the top of the page, or:

Enquire online about these deals

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

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