Please note:

Buy to Let

AVAILABLE TO INTERMEDIARIES ONLY

Buy to Let criteria - key points

For Buy to Let, Portfolio Buy to Let, Holiday Let and Houses in Multiple Occupation ICR and stress rate calculations, please see the Product Guide or Assessment of Rental Income on the Criteria Page.

  1. No minimum income requirement (evidence of income is still required).
  2. Maximum portfolio size of 10 mortgaged rental properties, irrespective of lender.
  3. Maximum of 4 rental properties can be mortgaged with The Society, whether Buy-to-Let, Holiday Let or a combination of both.
  4. No maximum age at end of term.
  5. Please refer to Portfolio products if the applicant has 4 or more mortgaged rental properties.

Legal Assisted 2 Year Buy to Let Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/05/2026Then the Society's BTL Variable Rate less 1.00% discount up to and inc. 31/05/2029, (currently)Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
4.84% 7.54%8.54%8.1%60%£999 View
Max loan amount £1,000,000
5.19% 7.54%8.54%8.1%60%£0 View
Max loan amount £1,000,000
5.09% 7.54%8.54%8.1%75%£999 View
Max loan amount £750,000
5.54% 7.54%8.54%8.1%75%£0 View
Max loan amount £750,000

Legal Assisted 5 Year Buy to Let Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/05/2029Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
4.46% 8.54%7.4%60%£999 View
Max loan amount £1,000,000
4.73% 8.54%7.4%60%£0 View
Max loan amount £1,000,000
4.78% 8.54%7.5%75%£999 View
Max loan amount £750,000
4.89% 8.54%7.5%75%£0 View
Max loan amount £750,000
RATES CORRECT AS AT 16 february 2024

Representative Example

A mortgage of £180,000.00 payable over 25 years initially on a fixed rate for 2 years at 5.09% and then a 1% discount on our current Buy to Let Variable Rate of 8.54% giving a rate of 7.54% for 3 years and then on our current Buy to Let Variable Rate of 8.54% for the remaining 20 years would require 24 monthly payments of £763.50, 36 monthly payments of £1131 and 240 monthly payments of £1281.00.

The total amount payable would be £547,514.00 made up of the loan amount plus interest of £366,480.00 and application fee £0, product fee £999, valuation fee £0, funds transfer fee £35.

The overall cost for comparisons is 8.1% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

Key details about this product range

  • Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender.
  • A product fee is payable on application (where applicable) but is refundable should the mortgage not complete.
  • A mortgage exit fee of £199 will apply.
  • Tapered Early Repayment Charges may apply.
  • Interest calculated daily.
  • When you're applying for an interest only mortgage, please be aware that you'll need to have a credible repayment strategy in place to pay off the loan and any interest accrued under the mortgage at the end of the term.
  • The products and services on this site are available to UK residents only.
  • Mortgage applicants must be 18 years or over.
  • Mortgages are subject to eligibility, status and financial standing.
  • Buy to Let mortgages which are for business purposes are exempt from FCA Rules.

For more detail about specific products, visit the links in the table above.

Legal Assisted Portfolio 2 Year Buy to Let Fixed Rate Mortgage

Initial rate fixed up to and inc. 30/04/2026Then the Society's BTL Variable Rate less 1.00% discount up to and inc. 30/04/2029, (currently)Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
4.89% 7.54%8.54%8.1%60%£999 View
Max loan amount £1,000,000
5.24% 7.54%8.54%8.1%60%£0 View
Max loan amount £1,000,000
5.24% 7.54%8.54%8.1%75%£999 View
Max loan amount £750,000
5.69% 7.54%8.54%8.1%75%£0 View
Max loan amount £750,000

Legal Assisted Portfolio 5 Year Buy to Let Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/05/2029Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
4.49% 8.54%7.4%60%£999 View
Max loan amount £1,000,000
4.78% 8.54%7.4%60%£0 View
Max loan amount £1,000,000
4.93% 8.54%7.5%75%£999 View
Max loan amount £750,000
5.04% 8.54%7.5%75%£0 View
Max loan amount £750,000
RATES CORRECT AS AT 16 february 2024

Representative Example

A mortgage of £80,000.00 payable over 25 years initially on a fixed rate for 2 years at 5.69% and then a 1% discount on our current Buy to Let Variable Rate of 8.54% giving a rate of 7.54% for 3 years and then on our current Buy to Let Variable Rate of 8.54% for the remaining 20 years would require 24 monthly payments of £379.33, 36 monthly payments of £502.67 and 240 monthly payments of £569.33.

The total amount payable would be £243,874.24 made up of the loan amount plus interest of £163,839.24 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparisons is 8.1% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

Key details about this product range

  • Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender.
  • A product fee is payable on application (where applicable) but is refundable should the mortgage not complete.
  • A mortgage exit fee of £199 will apply.
  • Tapered Early Repayment Charges may apply.
  • Interest calculated daily.
  • When you're applying for an interest only mortgage, please be aware that you'll need to have a credible repayment strategy in place to pay off the loan and any interest accrued under the mortgage at the end of the term.
  • The products and services on this site are available to UK residents only.
  • Mortgage applicants must be 18 years or over.
  • Mortgages are subject to eligibility, status and financial standing.
  • Buy to Let mortgages which are for business purposes are exempt from FCA Rules.

For more detail about specific products, visit the links in the table above.