Family Buy to Let 3 Year Fixed

Designed to enable you to let to a close family member, our Family Buy to Let 3 Year Fixed Rate Mortgage offers a fixed rate of 3.64% for a period of 3 years from completion, followed by our standard variable rate (SVR) currently 5.34% for the remaining term of the mortgage. The SVR interest rate charged won't fall below 2%.

Initial rate Overall cost for
Max % LTV Completion
3.64% 4.9% APRC 80% £499 View

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.

Key Features


Minimum £25,000: Maximum £350,000

Loan to Value (LTV)

Maximum LTV - 80% (subject to Society lending policy)


Minimum 3 years: Maximum 25 years


This product is available for the purchase or re-mortgage of property (flats, apartments or maisonettes are not acceptable) which is to be let to a close family member/relative (i.e. the applicants parent(s), brother, sister, child, grandparent, grandchild, Step relative or in-law, current or Ex, spouse or civil partner), in mainland England and Wales. All applications are subject to the Society’s general lending criteria, property value and satisfactory status enquiries.

This product is a limited edition and cannot be guaranteed until an application has been received. Applications will be restricted to a maximum of 3 per borrower with a total maximum borrowing of £500,000.

Minimum Valuation

£70,000 per property in LE, NG or DE postcodes

£90,000 per property outside of these areas in mainland England and Wales

Free Valuation

The Society will pay the cost of a standard mortgage valuation.

Important Information

The interest rate charged won't fall below 2%.

Early Repayment Charge Fees How to apply