Buy-to-Let Fixed Rate Buy-to-Let Tracker
Our buy-to-let mortgages are designed for landlords who wish to build their property portfolio, but we can also accommodate consumer buy-to-let in certain cases.
Our Fixed Rate mortgage charges a fixed interest rate for a set period of time. Once the fixed rate comes to an end, the mortgage will be switched to our standard variable rate.
Fixed rate mortgages are available on both a repayment or Interest-Only option.
Your monthly mortgage payment can be arranged to cover both the capital you have borrowed and the interest charged. This will repay your loan at the end of the agreed term.
With our Interest Only mortgage, your repayments will only cover the interest due on the amount borrowed. Therefore, you must have a suitable repayment strategy to repay the capital borrowed.
Loan sizes are between £500,000 - £5M. Product pricing, fees and features will be agreed on a case-by-case basis. Maximum loan term is 25 years If a property is held within a Limited Company, please contact us for further guidance. Rental income must equate to 125% of mortgage payment at pay rate
For example: For a Buy-to-Let mortgage of £500,000 on the 2 year fixed rate product of 3.24% the rental income requirement would be calculated as follows:
500,000 x 3.24% x 125% = £20,250 per annum