Please note:

5 Year Limited Company Buy to Let Fixed Rate Mortgage

RATES CORRECT AS AT 12 april 2024

Initial rate
Fixed up to and inc. 31/07/2029

Then changing to the Society's BTL Variable Rate thereafter, (currently)
For the remaining term of the mortgage

The overall cost for comparison is

Maximum loan to value


Representative Example

A mortgage of £200,000.00 payable over 25 years initially on a fixed rate for 5 years at 6.39% and then on our current Buy to Let Variable Rate of 8.54% (variable) for the remaining 20 years would require 60 monthly payments of £1065 and 240 monthly payments of £1423.33.

The total amount payable would be £607,763.20 made up of the loan amount plus interest of £405,499.20 and application fee £0, product fee £1999, valuation fee £225, funds transfer fee £35.

The overall cost for comparison 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.

Additional features

  • Interest calculated daily.
  • Maximum loan £500,000.
  • 10% capital repayments are allowed each year during the fixed rate period without incurring an Early Repayment Charge.
  • Tapered Early Repayment Charges apply up to and including 31 July 2029.


Application Fee (payable on application - non-refundable)


Product Fee (payable on application - this is refundable should the mortgage not complete)


Mortgage Exit Fee


Like the sound of this mortgage?

To submit new Limited Company Buy to Let applications you'll need to register for Mortgage Extra and we've put this page together to help you get started.

How to calculate the income coverage ratio (ICR)

The minimum ICR for Limited Company Buy to Let is 125%

The mortgage interest calculation assumes a stressed rate. For stress rates, please see the All Product (Excel) or view the 'assessment of rental income' on the criteria guide.

Calculate the mortgage cost

Multiply the loan amount by the appropriate stress rate (the calculation below uses an example stress rate of 5.5%)

  • E.g. £150,000 loan x 5.5% stress = £8,250.

Calculate annual rental income

Multiply the monthly rental income by 12.

  • E.g. rent £900 per month x 12 = £10,800.

Use calculations to work out the ICR

Divide the rental income by the mortgage cost then multiply by 100.

  • E.g. £10,800/£8,250 x 100 = 131% ICR.