Buy to Let Mortgages

Buy to Let mortgages are required for people looking to invest in property in order to offer it for rent as a source of income.

At The Mansfield we offer a range of fixed rate and discounted variable rate mortgages for first time and existing landlords throughout England and Wales.

Rental income must be 130% of the monthly mortgage interest calculated at 5%. For our rental income requirements, use our buy to let calculator. The calculator is downloaded as an Excel file. If you are intending to view the document on a mobile device, you will need software to enable you to view Microsoft Office documents.

See our available buy to let mortgages below. Buy to Let products are not regulated by the FCA.

Buy to Let mortgages are required for people looking to invest in property in order to offer it for rent as a source of income.

At The Mansfield we offer a range of fixed rate and discounted variable rate mortgages for first time and existing landlords throughout England and Wales.

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Your Property may be repossessed if you do not keep up repayments on your mortgage
 
Mortgage Product Term Initial Rate1 Overall Cost for Comparison2 Max LTV3 ERC4 Product Fees
Buy to Let 2 Year Fixed Rate - XIB014
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2 years 3.49% 5.5% APR 70% 2% £199 application fee, £999 completion fee
Buy to Let 2 Year Discounted Rate House Purchase Only - DIB029
More Information
2 years Currently 2.65% 5.4% APR 70% 2% £199 application fee, £999 completion fee
Buy to Let 2 Year Discounted Rate Remortgage Only - DIB027
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2 Years Currently 2.65% 5.3% APR 70% 2% £199 application fee, £1,300 completion fee
Buy to Let 2 Year Discounted Rate Remortgage Only - DIB028
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2 Years Currently 2.99% 5.2% APR 70% 2% £199 Application Fee, £300 Completion Fee

1 The Initial Rate is the rate available during the initial term of the mortgage. Once the initial rate term has expired, the mortgage will revert to our Standard Variable Rate (SVR).

Our SVR is set by us and is currently 5.59%, as a variable rate it may go up or down.

2 The Overall Cost for Comparison is given as the Annual Percentage Rate (APR) and includes all charges incurred relating to the mortgage. It is an interest rate that all lenders must quote on mortgage related financial promotions when an interest rate is mentioned. The APR is intended to help you as a borrower compare the interest rates on different products.

3 Like all other mortgage lenders, we will allow you to borrow against a proportion of the overall property value. This is known as Loan to Value (LTV) and is expressed as a percentage. For example, if you want to purchase a property at £100,000 and you would like to borrow £85,000, then you will need a mortgage available at 85% Loan to Value (LTV). The available LTV can vary depending upon the type of mortgage.

Shared Ownership mortgages will offer two percentages under LTV - the proportion of the property value and the proportion of the share being purchased.

4 ERC stands for Early Repayment Charge and refers to a charge that is sometimes applied if all or part of a mortgage is paid, over and above the usual monthly payments, during the initial term.

 

Unless otherwise stated, products are available for house purchase or remortgage.