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Buy to let

Whatever your reasons for buying a property to let, you’ll want to find the right mortgage deal.

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

Mortgages for buy to let

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

2 Year Discount

2.09% 4.8% APRC 60% £1499 View
for 24 months
find out more

Representative example

A Mortgage of  £133,519.00, payable over 15 years and 5 months (185 months) initially on a discounted rate for 2 years (24 months) of 2.09%  and then on our current standard variable rate of 5.09% for the remaining 13 years and 5 months (161 months) would require 24 monthly payments of £232.55 then 161 monthly payments of £566.34. This is based on an interest-only repayment method. The total amount payable would be £232,600.23 made up of the loan amount plus interest (£96,967.23) and a £260.00 valuation fee, £1499.00 completion fee, £100.00 booking fee, £30.00 CHAPS fee, £105.00 legal fees and £120.00 mortgage administration exit fee. The overall cost for comparison is 4.8% representative APRC.  

2 Year Discount

2.24% 4.9% APRC 75% £1499 View
for 24 months
find out more

Representative example

A Mortgage of  £133,519.00, payable over 15 years and 5 months (185 months) initially on a discounted rate for 2 years (24 months) of 2.24%  and then on our current standard variable rate of 5.09% for the remaining 13 years and 5 months (161 months) would require 24 monthly payments of £249.24 then 161 monthly payments of £566.34. This is based on an interest-only repayment method. The total amount payable would be £232,977.80 made up of the loan amount plus interest (£97,384.80) and a £220.00 valuation fee, £1499.00 completion fee, £100.00 booking fee, £30.00 CHAPS fee, £105.00 legal fees and £120.00 mortgage administration exit fee. The overall cost for comparison is 4.9% representative APRC.  

2 Year Discount

3.99% 5.1% APRC 80% £999 View
for 24 months
find out more

Representative example

A Mortgage of  £133,519.00, payable over 15 years and 5 months (185 months) initially on a discounted rate for 2 years (24 months) of 3.99% and then on our current standard variable rate of 5.09% for the remaining 13 years and 5 months (161 months) would require 24 monthly payments of £447.37 then 161 monthly payments of £570.71. This is based on an interest-only repayment method.  The total amount payable would be £238,146.30 made up of the loan amount plus interest (£103,173.30) and a £200.00 valuation fee, £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.

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

3 Year Fixed

2.89% 4.7% APRC 75% £0 View
for 36 months
find out more

Representative example

A Mortgage of £133,519.00 payable over 15 years and 5 months (185 months) initially on a fixed rate for 3 years (36 months) of 2.89% and then on our current standard variable rate of 5.09% for the remaining 12 years and 5 months (149 months) would require 36 monthly payments of £321.56 then 149 monthly payments of £566.34. This is based on an interest-only repayment method. The total amount payable would be £230,251.59 made up of the loan amount plus interest (£96,257.59) with a £220.00 valuation fee, £30.00 CHAPS fee, £105.00 legal fees and £120.00 mortgage exit administration fee. The overall cost for comparison is 4.7% representative APRC. 

5 Year Fixed

3.39% 4.6% APRC 75% £0 View
for 60 months
find out more

Representative example

A Mortgage of £133,519.00 payable over 15 years and 5 months (185 months) initially on a fixed rate for 5 years (60 months) of 3.39% and then on our current standard variable rate of 5.09% for the remaining 10 years and 5 months (125 months) would require 60 monthly payments of £377.19 then 125 monthly payments of £566.34. This is based on an interest-only repayment method. The total amount payable would be £227,773.10 made up of the loan amount plus interest (£93,779.10) with a £220.00 valuation fee, £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. 

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: