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.
| Company |
Rate
 |
Mortgage Type |
Period
|
Max LTV |
Fee
|
Redemption penalty | Notes | |
|---|---|---|---|---|---|---|---|---|
| Principality BS | 5.59% | variable | To 31.12.10 | 60% | 2.5% of advance | No penalty | Maximum 5 properties within total advance of £500K |  |
| Cheltenham & Gloucester | 5.79% | variable | To 31.1.11 | 75% | 2.5% of adv + £99 | To 31.1.11 | Maximum 9 properties within total advance of £5m | |
| Furness BS | 6.59% | discount | For 3 years | 70% | £999 | 1st 3 years | Maximum 5 properties within total advance of £500K | |
| HSBC | 6.28% | variable | For term | 75% | Min £1249 | No penalty | Any number of properties within total advance of £1m | |
| Leeds BS | 5.99% | fixed | To 30.11.10 | 70% | 2% of advance | To 30.11.10 | Maximum 4 properties within total advance of £1.25m | |
| The Mortgage Works | 5.99% | fixed | To 31.1.11 | 75% | 2.5% of adv | To 31.1.11 | Any number of properties within total advance of £1.5m (£5m 65%) | |
| The Mortgage Works | 6.74% | fixed | To 31.1.12 | 75% | 0.75% of adv | To 31.1.12 | Any number of properties within total advance of £1.5m (£5m 65%) | |
| Post Office | 6.79% | fixed | To 31.10.11 | 75% | £599 | To 31.10.11 | Maximum 5 properties within total advance of £2m. Not FTB | |
| The Mortgage Works | 6.19% | fixed | To 31.1.14 | 75% | 2.5% of adv | To 31.1.14 | Any number of properties within total advance of £1.5m (£5m 65%) | |
| National Counties BS | 6.79% | fixed | To 31.8.13 | 75% | £895 | To 31.8.13 | Any number of properties | |
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.
Related Links
Still confused by mortgages? Our mortgage guide can help by taking you through different types of mortgage and their features and benefits.
Still not sure what type of mortgage suits you? Our mortgage search can help you find a mortgage to suit your needs.
