Holiday Let
Your rental property could be repossessed or a receiver of rent appointed, if you don't keep up your mortgage repayments.
Your rental property could be repossessed or a receiver of rent appointed, if you don't keep up your mortgage repayments.
Initial rate fixed up to and inc. 31/01/2027 | Then changing to the Society's SVR less a discount of 1.00%, up to and inc.31/01/2030, (currently) | Then the Society's SVR thereafter, (currently) | Overall cost for comparison (APRC) | Max LTV | Product Fee | |
---|---|---|---|---|---|---|
5.59% | 7.54% | 8.54% | 8.1% | 60% | £0 | View |
Max loan amount £1,000,000 | ||||||
6.70% | 7.54% | 8.54% | 8.3% | 75% | £0 | View |
Max loan amount £750,000 |
Representative Example
A mortgage of £200,000.00 payable over 25 years initially on a fixed rate for 2 years at 6.70% 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 £1116.67, 36 monthly payments of £1256.67 and 240 monthly payments of £1423.33.
The total amount payable would be £613,674.40 made up of the loan amount plus interest of £413,639.40 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.
The overall cost for comparisons 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.
For more detail about specific products, visit the links in the table above.
Initial rate fixed up to and inc. 31/01/2030 | Then the Society's BTL Variable Rate thereafter, (currently) | Overall cost for comparison (APRC) | Max LTV | Product Fee | |
---|---|---|---|---|---|
5.14% | 8.54% | 7.6% | 60% | £0 | View |
Max loan amount £1,000,000 | |||||
6.19% | 8.54% | 7.9% | 75% | £0 | View |
Max loan amount £750,000 |
Representative Example
A mortgage of £200,000.00 payable over 25 years initially on a fixed rate for 5 years at 6.19% 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 £1031.67 and 240 monthly payments of £1423.33.
The total amount payable would be £603,534.40 made up of the loan amount plus interest of £403,499.40 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.
The overall cost for comparison is 7.9% 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.
For more detail about specific products, visit the links in the table above.
As part of a trial, we're restricting new loans on holiday lets in some areas.
We don’t offer an advised service for Buy to Let mortgages, so you’ll need to make your own choice about which mortgage is suitable for you. This means we won’t assess the suitability of the mortgage you choose to your needs and circumstances.
It's not possible to apply for these products online. Please book an appointment using the options below.
Get an idea of how much you could borrow, based on your income and spending.
Work out how much you'd need to pay each month towards your mortgage.
If you need help or support with an existing application, call us on 03450 50 50 62.
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.
Book an appointment online