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Home Mortgages Buy to let

Buy to let

Whatever your reasons for buying a property to let, even if that's to rent to family members, you’ll want to find the right mortgage deal.

Whether you want to arrange a mortgage on a single property or up to three, at The Loughborough we have buy to let mortgages for both house purchase and for moving your mortgage from another lender.

Helpful Information

Mortgages for buy to let

Variable Rate Mortgages
Product Initial rate Overall cost for
comparison 		Max % LTV Completion fee Representative
Example 		Mortgage
repayment

Buy to Let 2 Year Discount

2.99% 5.1% APRC 80% £999 View
for 24 months
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Representative example

A Mortgage of  £177,263.00, payable over 15 years and 0 months (180 months) initially on a discounted rate for 2 years (24 months) of 2.99% and then on our current standard variable rate of 5.34% for the remaining 13 years and 0 months (156 months) would require 24 monthly payments of £441.68 then 156 monthly payments of £788.82. This is based on an interest-only repayment method.  The total amount payable would be £312,603.94 made up of the loan amount plus interest (£134,086.94) and a £999.00 completion fee, £30.00 CHAPS fee, £105.00 legal fees and £120.00 mortgage administration exit fee. The overall cost for comparison is 5.1% representative APRC.

Family Buy to Let 3 Year Discount

3.34% 4.8% APRC 80% £499 View
for 36 months
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Representative example

A mortgage of £131,779.00 payable over 8 years and 9 months (105 months) initially on a discounted rate for 3 years (36 months) of 3.34% and then on our standard variable rate of 5.34% for the remaining 5 years and 9 months (69 months) would require 36 monthly payments of £366.78 then 69 monthly payments of £586.42. This is based on an interest-only repayment method. The total amount payable would be £186,550.87 made up of the loan amount plus interest (£54,017.87) with a £499.00 completion fee, £30.00 CHAPS fee, £105.00 legal fees, and £120.00 mortgage exit administration fee. The overall cost for comparison is 4.8% representative APRC.
Fixed Rate Mortgages
Product Initial rate Overall cost for
comparison 		Max % LTV Completion fee Representative
Example 		Mortgage
repayment

Family Buy to Let 3 Year Fixed

 3.64% 4.9% APRC 80% £499 View
for 36 months
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Representative example

A mortgage of £155,557.00 payable over 9 years and 4 months (112 months) initially on a fixed rate for 3 years (36 months) of 3.64% and then on our standard variable rate of 5.34% for the remaining 6 years and 4 months (76 months) would require 36 monthly payments of £471.86 then 76 monthly payments of £692.23. This is based on an interest-only repayment method. The total amount payable would be £226,354.88 made up of the loan amount plus interest (£70,043.88) with a £499.00 completion fee, £30.00 CHAPS fee, £105.00 legal fees, and £120.00 mortgage exit administration fee. The overall cost for comparison is 4.9% representative APRC.

Buy to Let 5 Year Fixed

 3.09% 4.6% APRC 70% £0 View
for 60 months
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Representative example

A Mortgage of  £154,391.00, payable over 15 years and 3 months (183 months) initially on a fixed rate for 5 years (60 months) of 3.09% and then on our standard variable rate of 5.34% for the remaining 10 years and 3 months (123 months) would require 60 monthly payments of £397.56 then 123 monthly payments of £687.04. This is based on an interest-only repayment method. The total amount payable would be £263,420.00 made up of the loan amount plus interest (£108,774.00) with a £30.00 CHAPS fee, £105.00 legal fees, and £120.00 mortgage exit administration fee. The overall cost for comparison is 4.6% representative APRC.

Buy to Let 5 Year Fixed

 3.49% 4.8% APRC 80% £999 View
for 60 months
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Representative example

A Mortgage of  £174,079.00, payable over 16 years and 6 months (198 months) initially on a fixed rate for 5 years (60 months) of 3.49% and then on our standard variable rate of 5.34% for the remaining 11 years and 6 months (138 months) would require 60 monthly payments of £506.28 then 138 monthly payments of £774.65. This is based on an interest-only repayment method. The total amount payable would be £313,093.61 made up of the loan amount plus interest (£137,760.61) with a £999.00 completion fee, £30.00 CHAPS fee, £105.00 legal fees, and £120.00 mortgage exit administration fee. The overall cost for comparison is 4.8% representative APRC.

Helpful Information

How to apply...

The Loughborough mortgage service is tailored to each individual and offered on a fully advised basis where applicable. Our qualified advisers will spend time with you to understand your mortgage needs and financial circumstances before recommending the most suitable solution for you.

There are a number of ways you can arrange to talk to one of our friendly team of Advisers, choose what’s best for you:

01509 631950
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