Buy to let mortgages are designed to allow you to buy a house which you intend to let. Buy to let mortgages have different terms and conditions to traditional mortgages.
| Company |
Rate
 |
Mortgage Type |
Period
|
Max LTV |
Fee
|
Redemption penalty | Notes | |
|---|---|---|---|---|---|---|---|---|
| Cheltenham & Gloucester | 5.94% | variable | To 31.7.10 | 80% | 2.5% of adv + £99 | To 31.7.10 | Maximum 9 properties within total advance of £5m |  |
| Loughborough BS | 6.35% | discount | For 2 years | 75% | £499 | 1st 2 yrs | Maximum 4 properties within total advance of £500K. Not FTB | |
| Leek United BS | 6.09% | discount | For 3 years | 75% | £995 | 1st 3 yrs | Maximum 10 properties | |
| Bradford & Bingley | 6.24% | discount | For 3 years | 75% | 2.5% of advance | 1st 3 yrs | Any number of properties within total advance of £5m | |
| Cheltenham & Gloucester | 5.99% | fixed | To 30.6.10 | 80% | 2.5% of adv + £99 | To 30.6.10 | Maximum 9 properties within total advance of £5m | |
| Cheshire BS | 6.19% | fixed | For 2 years | 80% | £1499 | Ist 2 yrs | Maximum 10 properties within total advance of £1m | |
| Post Office | 6.39% | fixed | To 31.5.11 | 85% | £599 | To 31.5.11 | Maximum 5 properties within total advance of £2m. Not FTB | |
| Nottingham BS | 6.39% | fixed | To 1.6.11 | 70% | £1595 | To 1.6.11 | Maximum 10 properties within total advance of £1.5m. Not FTB | |
| Cheltenham & Gloucester | 5.89% | fixed | To 30.6.13 | 80% | 2.5% of adv + £99 | To 30.6.13 | Maximum 9 properties within total advance of £5m | |
| Skipton BS | 6.49% | fixed | To 30.6.13 | 75% | £999 | To 30.6.13 | 3 properties within total advance of £750K. Not FTB | |
Product Guide
Buy-to-Let Mortgages
Buy-to-let mortgages are provided for property purchases or remortgages for investment in the private rental sector. Assessment of borrower affordability can be based on projected rental income and/or earnings, dependent on the lender's individual policy. Some lenders may also take the applicant’s existing mortgage or other loans into consideration.
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