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Buy To Let Mortgages
Welcome to the Buy to Let mortgage section of the Mortgages for
Business website. We can offer hundreds of Buy to Let
mortgages, and this section lists the current best products
available within our portfolio. If you cannot find a Buy to
Let mortgage to suit your needs please telephone a mortgage
consultant on the telephone number in the top right hand
corner.
To view the available range within a particular type of Buy to
Let mortgage product please click on the relevant product
classification heading in the left hand menu bar and for full
information on a particular Buy to Let mortgage please
click on the relevant box heading below.
| Scheme Style |
Early Repayment Charge |
Loan to Value |
Fees |
|
| 3 Year Fixed Rate of 6.14% until 31/07/2011 then reverting to Bank of England Base Rate (currently 5%, variable) + 2.14% for the remaining term, to give a current reversion rate of 7.14%. |
5% of the amount being repaid until 31/07/2011 |
75% to £550,000 or 70% to £1,000,000 |
2.5% minimum £599 |
Enquiry
Quote
|
| 5 Year Fixed Rate of 6.14% until 31/07/2013 then reverting to Bank of England Base Rate (currently 5%, variable) + 2.14% for the remaining term, to give a current reversion rate of 7.14%. |
5% of the amount being repaid until 31/07/2013 |
75% to £550,000 or 70% to £1,000,000 |
2.5 % minimum £599 |
Enquiry
Quote
|
| 3 Year Fixed Rate of 6.29% until 01/10/2011, then reverting to a variable rate of Bank of England Base Rate (currently 5%, variable) + 2.44% for the remaining term, to give a current reversion rate of 7.44%. |
3% of redeeming balance to 01/10/2011 |
75% to £1m |
2% |
Enquiry
Quote
|
| 2 Year Fixed Rate of 6.49% until 30/06/2010 then reverting to Bank of England Base Rate (currently 5%, variable) + 2.14% for the remaining term, to give a current reversion rate of 7.14%. |
5% of redeeming balance to 30/06/2010 |
75% to £750,000 |
2.5% |
Enquiry
Quote
|
| 2 Year Fixed Rate of 6.49% until 30/06/2010 then reverting to Bank of England Base Rate (currently 5%, variable) + 2.14% for the remaining term, to give a current reversion rate of 7.14%. |
5% of the redeaming balance until 30/06/2010 |
85% to £500,000 |
2.5% |
Enquiry
Quote
|
| 6.49% variable, Bank of England Base Rate (currently 5%) + 1.49% for 3 years, then reverting to a variable rate of Bank of England Base Rate + 2.44% for the remaining term, to give a current reversion rate of 7.44%. |
3% of redeeming balance for the first 3 years |
75% to £1m |
2% |
Enquiry
Quote
|
| 3 Year Fixed Rate of 6.49% until 30/11/2011, then reverting to the lender's standard variable rate ( currently 7.25% ) to give a current reversion rate of 7.25%. |
5% of redeeming balance to 30/06/09, 4% to 30/06/10 and 3% to 30/06/11 |
75% to £250,000 |
£999 |
Enquiry
Quote
|
| 3 year fixed rate of 6.59% until 01/10/2011, Then reverting to Bank of England Base Rate (currently 5%, variable) + 2.44% to give a current reversion rate of 7.44%. |
3% of redeeming balance to 01/10/2011 |
80% to £1m |
2% |
Enquiry
Quote
|
| 3 Year Fixed Rate of 6.59% until 31/05/2011 then reverting to Bank of England Base Rate (currently 5%, variable) + 1.75% for the remaining term, to give a current reversion rate of 6.75%. |
5% of redeeming balance to 31/05/2011 |
75% to £500,000 |
£799, plus £195 lender fee due on completion |
Enquiry
Quote
|
| 3 year fixed rate of 6.59% then reverting to the lender's Standard Variable Rate (currently 7.55%, variable), to give a current reversion rate of 7.55%. |
4% of redeeming balance to 31/07/09, 3% to 31/07/10 and 2% to 31/07/11 |
80% to £500,000 |
£999 for loans up to £250,000 and 0.5% fee for loans up to £500,000 |
Enquiry
Quote
|
| Bank of England Base Rate (currently 5%, variable) + 1.59% for the loan term, to give a current reversion rate of 6.59%.
Remortgage Only Product - Free legal and valuation service. |
6 months interest at the interest charging rate for 3 years |
75% to £1,000,000 |
1.5% minimum £1500 |
Enquiry
Quote
|
| 3 year fixed rate of 6.61% until 26/07/2011, then reverting to the lender's Standard Variable Rate (currently 7.34%, variable) + 0.50% for the remaining term to give a current reversion rate of 7.84%
This product is for loans over £150,000
Remortgage only, free valuation and legal service. |
11 months interest at the product rate until 26/07/09, 9% until 26/07/10 then 8% until 26/07/11 |
75% to £500,000 |
£690 |
Enquiry
Quote
|
| 6.64% variable, the lender's Standard Variable Rate (currently 7.24%, variable) - 0.6% for 3 years, then reverting to the Lender's Standard Variable for the remaining term, to give a current reversion rate of 7.24%
Remortgage Only with free valuation and legal service |
3% of redeeming balance for the first 3 years |
75% to £250,000 |
£499 |
Enquiry
Quote
|
| 6.65% variable, the lender's Standard Variable Rate (currently 7.34%, variable) - 0.69% for 3 years, then reverting to the lender's Standard Variable Rate + 0.50% to give a current reversion rate of 7.84% |
6 months interest at the lenders Standard Variable Rate for the first 3 years from drawdown. |
75% to £500,000 |
£690 |
Enquiry
Quote
|
| 6.69% variable, Bank of England Base Rate (currently 5%) + 1.69% for 3 years, then reverting to a variable rate of Bank of England Base Rate + 2.44% for the remaining term, to give a current reversion rate of 7.44%. |
3% of redeeming balance for the first 3 years |
80% to £1m |
2% |
Enquiry
Quote
|
| 6.74% variable, Bank of England Base Rate (currently 5%) + 1.74% until 31/05/2011, then reverting to a variable rate of Bank of England Base Rate + 1.75% for the remaining term, to give a current reversion rate of 6.75%.
Holiday Let Product. |
5% of redeeming balance to 31/05/10 then 4% to 31/05/11 |
80% to £500000 |
£799 |
Enquiry
Quote
|
| Bank of England Base Rate (currently 5%, variable) + 1.75% for the loan term, to give a current reversion rate of 6.75%. |
Nil |
80% to £500,000 |
£1499 |
Enquiry
Quote
|
| 2 Year Fixed Rate of 6.79% until 31/07/2010 then reverting to Bank of England Base Rate (currently 5%, variable) plus 1.95% for the remaining term, to give a current reversion rate of 6.95%. |
5% of redeeming balance to 31/07/2010 |
85% to £500,000, 80% to £500,000 & 75% to £500,000 |
2.75% |
Enquiry
Quote
|
| 3 Year Fixed Rate of 6.79% until 01/10/2011, then reverting to a variable rate of Bank of England Base Rate (currently 5%) + 2.44% for the remaining term, to give a current reversion of 7.44%. |
3% of redeeming balance to 01/10/2011 |
85% to £1m |
2% |
Enquiry
Quote
|
Mortgages for Business arranges Buy to Let mortgage funding with
a comprehensive range of lenders including specialised Buy to Let
property lenders, major banks, niche providers and mutual building
societies. These Buy to Let lending institutions make leading
mortgage products available through us that would not be accessible
in the general mortgage market.
We can arrange bespoke Buy to Let funding for all types of
property, including niche property types that are more difficult to
fund such as:
- Block of flats
- Houses in Multiple Occupancy
- Freehold flats and maisonettes
- Flats above commercial properties
- Ex Local Housing Authority properties
- Studio flats and bedsits
- Multi unit properties
We pride ourselves on the services we can provide to property
portfolio clients. We can arrange forward buying facilities
for clients, giving them a mortgage pool facility to make purchases
without the need to go through the full mortgage procedure.
We also offer a free Buy to Let property portfolio finance
appraisal to ensure portfolios are funded in the most efficient and
cost effective manner.
Your dedicated personal Buy to Let administrator will also, in
most cases, package your mortgage for the relevant Buy to Let
lender. This allows us to maintain control of the mortgage
process and gives you the assurance of a smooth end-to-end
transaction.
Buy to Let mortgages arranged by us for clients range from
£25,001 loans on single purchases to multi-million pound
loans across the Buy to Let property portfolio.
Typically, we can arrange funding up to 85% loan to property
value and we offer mortgage products with low rent to interest
cover criteria that make borrowing stipulations easier to meet for
our clients.
Mortgages for Business can arrange finance for Buy to Let
properties with all types of tenants, and arranges funding on the
following tenant types that have historically restricted Buy to Let
funding options for investors:
- DSS tenants
- Student tenants
- Company Lets
- Council & Housing Associations tenants
- Multi-lets
We believe our ability to deliver rapid Buy to Let funding to
clients and to meet tight purchase deadlines is a strong
asset. (Auction puchases, for example, are a core strength of
our organisation.)
For further information please click here to visit the FSA's Buy to Let
mortgages factsheet.
Arranging a Buy to Let mortgage can be a complex process.
Please telephone one of our consultants if you would like
clear, impartial advice on the best mortgage to suit your
needs. In the mean time, please have alook at our page on Buy to
Let mortgage advice. You may also wish to use our Buy to Let mortgage
calculator in order to calculate your monthly repayments on
your individual proposition.
We make a selection of our best priced Buy
to Let mortgage rates available on our website, including limited
company Buy to Let mortgage products. However this
represents a small proportion of the Buy to Let products we have
available, for full information please telephone us.
Mortgages for Business can also supply competitive quotes on Buy to Let insurance
tailored to your specific requirements. Complete our online
quote form on the previous link to find out how we can
help.
For Buy to Let investors, and particularly portfolio investors,
it is important to consider the potential of a Buy to Let remortgage. This will allow
investors to increase their Buy to Let margins by reducing their
mortgage costs, and will allow capital to be released from the
property to make further purchases.
Alternatively, if you are looking for a personal
mortgage and you want the best mortgage
deal then please take a look at our Personal Mortgage
pages in which you will find remortgage deals and
first time buyer
mortgages - make an enquiry today.
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