Buy-to-Let rate drop from Thursday 13th July 2017

Save up to 0.30% on initial rate across tracker, fixed rate and HMO buy-to-let mortgages with a leading lender in the marketplace.

What’s more, this lender applies no minimum amount to applicant earnings.

The deals are available for purchase of a new property or remortgage of a property you already own.

A range of deals have been reduced

Buy-to-let rate drop. 2-year tracker, 5-year fixed and 5-year fixed HMO
Product typeInitial rateMax. Loan to ValueArrangement feeERC's¹
2-year tracker² Was 1.69%. Now 1.39% 65% £1,995 For 2-years
2-year tracker² Was 1.59%. Now 1.39% 65% 2.00% For 2-years
5-year fixed² Was 2.99%. Now 2.89% 65% Nil For 5-years
5-year fixed² Was 3.04%. Now 2.89% 75% £1,995 For 5-years
2-year fixed HMO³ Was 3.14%. Now 2.99% 65% £1,995 For 2-years
5-year fixed HMO³ NEW 3.69% 65% £1,995 For 5-years

¹ Early Repayment Charge

² Purchase only

³ Purchase and remortgage


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Tracker rates

The tracker rates described are linked to the Bank of England’s base rate plus 1.14%. Be aware that a tracker rate can go up as well as down.

Looking to minimise upfront costs?

If the arrangement fees stipulated above do not fit with your investment strategy, discuss this with the team here. There are alternative options with no arrangement fees, but the initial rate will be higher.

Applicant age: Maximum age at application 70 years

Maximum term: 35 years

First time landlords: Accepted for standard buy-to let products, but not HMO’s. First time landlords must have owned and lived in their own home for at least the last 6 months.

Income requirements

This lender does not look at income other than to understand whether you are a higher or lower rate taxpayer.

Whilst the lender does not require a minimum threshold of personal income from an applicant (which is asked for by some buy-to-let lenders), you may be asked for proof of the income you do receive, especially if you are a first time landlord.

If you are an experienced landlord (defined by this lender as someone who has owned and rented a property for a minimum of 6 months), you will not need to demonstrate your income; for full clarification please discuss this with your advisor.

Eligible income sources include gross earned income, employed or self-employed (excluding bonus, overtime and commission) and pension income.

Houses in Multiple Occupation (HMO)

The minimum property value for HMO’s is £100,000 and maximum loan size is £750,000.

To be eligible for an HMO mortgage with this lender you must have had either 2-years’ experience as a standard buy-to-let landlord or have a years’ experience as an HMO landlord.

There must be no more than seven rooms being let within the property.

For full criteria details and to discuss an application for any of these deals, call our advisors, or:

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