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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

2 Year Discount

2.39% 5.1% APRC 80% £1499 View
for 24 months
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Representative example

A Mortgage of  £178,056.00, payable over 15 years and 6 months (186 months) initially on a discounted rate for 2 years (24 months) of 2.39% and then on our current standard variable rate of 5.34% for the remaining 13 years and 6 months (162 months) would require 24 monthly payments of £354.63 then 162 monthly payments of £792.35. This is based on an interest-only repayment method.  The total amount payable would be £317,336.02 made up of the loan amount plus interest (£137,266.02) and a £260.00 valuation fee, £1499.00 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

3.20% 4.7% APRC 80% £999 View
for 36 months
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Representative example

A mortgage of £133,257.00 payable over 7 years and 9 months (93 months) initially on a discounted rate for 3 years (36 months) of 3.20% and then on our standard variable rate of 5.34% for the remaining 4 years and 9 months (57 months) would require 36 monthly payments of £355.35 then 57 monthly payments of £592.99. This is based on an interest-only repayment method. The total amount payable would be £181,660.09 made up of the loan amount plus interest (£46,949.09) with a £999.00 completion fee, £200.00 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.
Fixed Rate Mortgages
Product Initial rate Overall cost for
comparison 		Max % LTV Completion fee Representative
Example 		Mortgage
repayment

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.

5 Year Fixed

 3.09% 4.6% APRC 80% £1499 View
for 60 months
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Representative example

A Mortgage of  £162,424.00, payable over 15 years and 1 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 1 months (121 months) would require 60 monthly payments of £418.24 then 121 monthly payments of £722.79. This is based on an interest-only repayment method. The total amount payable would be £277,423.46 made up of the loan amount plus interest (£112,985.46) with a £1,499.00 completion fee,£260.00 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.

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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