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Buy to Let

If you have an existing Buy to Let (BTL) or Holiday Let mortgage with us you may be able to borrow more money against your property. The additional money could be used to make repairs or improvements to your property or to help fund additional property purchases.

Important things you need to know:

  • Available to existing Buy to Let and Holiday Let customers, including Portfolio Landlords
  • Limited Company Buy to Let customers cannot apply for additional borrowing
  • You can borrow up to 75% of the property's value including your existing mortgage
  • The rental income must cover the total borrowing required using the current BTL calculation
  • If you’re applying for additional borrowing for debt consolidation, you’ll need to apply through a mortgage broker

Your rental property could be repossessed or a receiver of rent appointed, if you don’t keep up your mortgage repayments.

2 Year Buy To Let Fixed Rate Mortgages

Initial fixed rate up to and inc. 31/08/2027Then the Society's BTL Variable Rate less 1.00% discount up to and inc. 31/08/2030, (currently)Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Maximum loan to value (LTV)Product Fee
4.82% 7.04%8.04%7.6%60%£0
Max loan amount £1,000,000
5.29% 7.04%8.04%7.6%75%£0
Max loan amount £750,000

Portfolio 2 Year Buy To Let Fixed Rate Mortgages

Initial fixed rate up to and inc. 31/08/2027Then the Society's BTL Variable Rate less 1.00% discount up to and inc. 31/08/2030, (currently)Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Maximum loan to value (LTV)Product Fee
4.87% 7.04%8.04%7.6%60%£0
Max loan amount £1,000,000
5.44% 7.04%8.04%7.7%75%£0
Max loan amount £750,000
RATES CORRECT AS AT 30 may 2025

Representative Example

A mortgage of £15,000.00 payable over 25 years initially on a fixed rate for 2 years at 5.44% and then a 1% discount on our current Buy to Let Variable Rate of 8.04% giving a rate of 7.04% for 3 years and then on our current Buy to Let Variable Rate of 8.04% for the remaining 20 years would require 24 monthly payments of £68.00, 36 monthly payments of £88 and 240 monthly payments of £100.50.

The total amount payable would be £43,920.00 made up of the loan amount plus interest of £28,920.00 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparisons is 7.7% 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.

This representative example has been calculated on an interest only basis. The monthly payments, total amount payable and interest charged all reflect this calculation method.

Additional Features

  • Maximum loan amount £1,000,000.
  • For fixed rates up to and including 31 August 2027 tapered Early Repayment Charges apply up to and including 31 August 2027.
  • Free standard valuation up to £999.
  • 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.

    5 Year Buy To Let Fixed Rate Mortgages

    Initial fixed rate up to and inc. 31/08/2030Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Maximum loan to value (LTV)Product Fee
    4.63% 8.04%7.1%60%£0
    Max loan amount £1,000,000
    5.52% 8.04%7.4%75%£0
    Max loan amount £750,000

    Portfolio 5 Year Buy To Let Fixed Rate Mortgages

    Initial fixed rate up to and inc. 31/08/2030Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Maximum loan to value (LTV)Product Fee
    5.44% 8.04%7.7%75%£0
    Max loan amount £750,000
    5.67% 8.04%7.4%75%£0
    Max loan amount £750,000
    RATES CORRECT AS AT 30 may 2025

    Representative Example

    A mortgage of £15,000.00 payable over 25 years initially on a fixed rate for 2 years at 5.44% and then a 1% discount on our current Buy to Let Variable Rate of 8.04% giving a rate of 7.04% for 3 years and then on our current Buy to Let Variable Rate of 8.04% for the remaining 20 years would require 24 monthly payments of £68.00, 36 monthly payments of £88 and 240 monthly payments of £100.50.

    The total amount payable would be £43,920.00 made up of the loan amount plus interest of £28,920.00 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

    The overall cost for comparisons is 7.7% 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.

    This representative example has been calculated on an interest only basis. The monthly payments, total amount payable and interest charged all reflect this calculation method.

    Additional Features

    • Unlimited capital repayments are allowed.
    • Maximum loan £750,000.
    • Interest calculated daily.
    • Free standard valuation up to £999.
    • For fixed rates up to and including 31 August 2030 tapered Early Repayment Charges apply up to and including 31 August 2030.
    • 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.

    Buy To Let Variable Rate

    The Society's BTL Variable Rate (currently)Overall cost for comparison (APRC)Maximum loan to value (LTV)Product Fee
    8.04%8.3%75%£0
    Max loan amount £750,000
    RATES CORRECT AS AT 30 may 2025

    Representative Example

    A mortgage of £15,000.00 payable over 25 years on our Buy to Let Variable Rate for the mortgage term of 25 years at our current rate of 8.04% (variable) would require 300 monthly payments of £415.40.

    The total amount payable would be £186,655 made up of the loan amount plus interest of £124,620 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

    The overall cost for comparison is 8.3% 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.

    This representative example has been calculated on an interest only basis. The monthly payments, total amount payable and interest charged all reflect this calculation method.

    Additional Features

    • Unlimited capital repayments are allowed.
    • Maximum loan £750,000.
    • Interest calculated daily.
    • Free standard valuation up to £999.
    • No Early Repayment Charges apply.
    • 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.

    Holiday Let Variable Rate

    The Society's BTL Variable Rate (currently)Overall cost for comparison (APRC)Maximum loan to value (LTV)Product Fee
    8.04%8.3%75%£0
    Max loan amount £750,000
    RATES CORRECT AS AT 30 may 2025

    Representative Example

    A mortgage of £15,000.00 payable over 25 years on our Buy to Let Variable Rate for the mortgage term of 25 years at our current rate of 8.04% (variable) would require 300 monthly payments of £415.40.

    The total amount payable would be £186,655 made up of the loan amount plus interest of £124,620 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

    The overall cost for comparison is 8.3% 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.

    This representative example has been calculated on an interest only basis. The monthly payments, total amount payable and interest charged all reflect this calculation method.

    Additional Features

    • Unlimited capital repayments are allowed.
    • Maximum loan £750,000.
    • Interest calculated daily.
    • Free standard valuation up to £999.
    • No Early Repayment Charges apply.
    • 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.

    Buy to Let mortgages which are for business purposes are exempt from FCA Rules.

    Our mortgage calculators

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    Work out how much you'd need to pay each month towards your mortgage.

    Book an appointment

    If you need help or support with an existing application, call us on 03450 505 075.

    If you want to speak to someone in our mortgage team about a new application, book a telephone appointment online using the 'book an appointment' button.

    During your appointment, you'll be asked some questions to help us understand your circumstances and assess affordability. Based on the information you give us, our qualified advisor will recommend the most suitable product for you.