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Buy to let mortgages are designed to allow you to buy a house which you intend to let. Buy to let mortgages have different terms and conditions to traditional mortgages.

Mortgages - Buy to Let

Company Rate

Rate
Mortgage
Type
Period

Period
Max
LTV
Max LTV
Fee

Fee
Redemption
penalty
Redemption penalty
Notes  
1Principality BS5.59%variableTo 31.12.1060%2.5% of advanceNo penaltyMaximum 5 properties within total advance of £500KClick here to visit Principality BS 5.59%
2Cheltenham & Gloucester5.79%variableTo 31.1.1175%2.5% of adv + £99To 31.1.11Maximum 9 properties within total advance of £5mClick here to visit Cheltenham & Gloucester 5.79%
3Furness BS6.59%discountFor 3 years70%£999 1st 3 yearsMaximum 5 properties within total advance of £500KClick here to visit Furness BS 6.59%
4HSBC6.28%variableFor term75%Min £1249No penaltyAny number of properties within total advance of £1mClick here to visit HSBC 6.28%
5Leeds BS5.99%fixedTo 30.11.1070%2% of advanceTo 30.11.10Maximum 4 properties within total advance of £1.25mClick here to visit Leeds BS 5.99%
6The Mortgage Works5.99%fixedTo 31.1.1175%2.5% of advTo 31.1.11Any number of properties within total advance of £1.5m (£5m 65%)Click here to visit The Mortgage Works 5.99%
7The Mortgage Works6.74%fixedTo 31.1.1275%0.75% of advTo 31.1.12Any number of properties within total advance of £1.5m (£5m 65%)Click here to visit The Mortgage Works 6.74%
8Post Office6.79%fixedTo 31.10.1175%£599 To 31.10.11Maximum 5 properties within total advance of £2m. Not FTBClick here to visit Post Office 6.79%
9The Mortgage Works6.19%fixedTo 31.1.1475%2.5% of advTo 31.1.14Any number of properties within total advance of £1.5m (£5m 65%)Click here to visit The Mortgage Works 6.19%
10National Counties BS6.79%fixedTo 31.8.1375%£895 To 31.8.13Any number of properties Click here to visit National Counties BS 6.79%
  • Notes: YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Lenders standard redemption conditions may also apply at any time. Incentive of free or discounted legal fees may only be available through lenders nominated solicitor. Internal switching - Products may not be available.
  • Source: www.moneyfacts.co.uk
  • Date Compiled: 12 October 2008

    Product Guide

    • Buy-to-Let Mortgages

      Buy-to-let mortgages are provided for property purchases or remortgages for investment in the private rental sector. Assessment of borrower affordability can be based on projected rental income and/or earnings, dependent on the lender's individual policy. Some lenders may also take the applicant’s existing mortgage or other loans into consideration.

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