Low rate, free valuation and no product fee on 80% LTV buy-to-let!
Make the most of this 3.29% 2-year fixed buy-to-let product, offering plenty of appeal for owners of multiple properties, as there is no cap on the number you own across other lenders.
Not only is this an exceptionally competitive rate for an 80% loan to value deal, your upfront costs are further minimised with a free valuation and there is no product fee to pay!
The lender will consider Let To Buy applications, where you wish to convert a residential property to a buy-to-let.
80% LTV 3.29% 2-year fixed buy-to-let mortgage
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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.
Purchase or remortgage
This product is available for purchase or remortgage, with two exceptions.
You may not remortgage with a transfer of equity. This means that if you are remortgaging from another product you cannot add a new joint applicant or remove an existing joint applicant with this deal.
You may remortgage to raise capital, however there are a small number of specific reasons stipulated by the lender that are not permissable, speak to our advisors for details.
Up to two applicants are permitted and both must be UK residents.
The minimum applicant age is 25-years old and the maximum age at loan term is 85-years old.
All applicants must have been an existing residential home owner for the past 12 months.
Applicants must have been in employment for the past 3 years, with no more than a 1 month gap between employers.
The lender will also consider applications from self-employed people, members of the Armed Forces and contractors. Please call for more details.
The minimum income is £25,000, which can be the total combined income of two applicants making a joint application.
Proof of income
If you are employed you will need to produce proof of your wages or salary; the lender will also take into account over-time and bonus payments – please call for more details.
Sole-traders need to show their latest year’s net profit.
Partnerships must provide their latest year’s partner share of net profit.
Company directors will need to produce their latest year’s director remuneration and dividends.
Contractors need to evidence their earnings based on their current contract.
Tenants must have an Assured Shorthold Tenancy per house or flat.
The lender will only accept lettings on a Single Assured Shorthold Tenancy Agreement (AST) per house or flat for a maximum period of 12 months with a 6 month break clause (these are known as a fixed term, or periodic 'standard contract' in Wales).
Property location and type
This product is available for properties in England and Wales.
If your property is a little out of the ordinary, be aware that the lender will also consider the following types of property, so long as they are valued over £250,000, subject to criteria:
• Ex-local authority flats and maisonettes
• Studio flats
• High-rise flats
Please call for more details to see if your property qualifies.
Loan term, size and property value
The minimum property value is £75,000; the maximum valuation is £2 million.
The minimum loan size is £25,000.
The maximum loan term is 35 years.
Other criteria of note
First time landlords: You are eligible to apply for this fantastic deal, subject to wider criteria.
Minor credit issues: This lender offers flexibility to those who have had some modest credit issues, for more information on this talk to our team
This information should not be interpreted as financial advice. Mortgage and loan rates are subject to change.