Family Buy to Let
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Family Buy to Let

With a Family Buy to Let mortgage you could invest in a property that you then let to a close family member or relative.

Our product is available up to 80% LTV for properties in mainland England and Wales. You can find the answer to some questions you may have about Buy to Let in our guide here.

Family Buy to Let Mortgages

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

Family Buy to Let 3 Year Discount

3.20% 5.0% APRC 80% £999 View
for 36 months
find out more

Representative example

A mortgage of £171,448.00 payable over 17 years and 3 months (207 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 14 years and 3 months (171 months) would require 36 monthly payments of £457.19 then 171 monthly payments of £762.94. This is based on an interest-only repayment method. The total amount payable would be £320,318.64 made up of the loan amount plus interest (£147,356.64) with a £999.00 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 5.0% 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: