Woolwich Buy to Let Mortgages

The Basics:

You can choose to borrow in your private name or as a combination of private individuals (up to 4 applicants allowed).
A choice of how to let your Buy to Let property from a range of acceptable options. You’re not restricted to just an Assured Shorthold Tenancy.
Mortgage terms can be for 5 to 25 years.
Monthly repayments can be on an interest-only and/or capital repayment basis.
Apply for loans from £35,000 to £1m on an individual property.
All mortgages are portable so you can move your BTL mortgage to another BTL property.
Rental cover of 125% required to cover your annual mortgage interest payments, calculated on a pay rate of the product you select (initial interest rate).
Please note that an assessment of the market rent based on letting to a single household, will be provided as part of our valuation and it is this figure which will be used to actually underwrite your mortgage.
A non-disclosed re-valuation fee of £90 may also be payable.

Call us to find out more

Applying for Buy to Let mortgage is simple and straightforward. To speak to one of our mortgage specialists call:

If you prefer we can call you back at a time that suits you.

Any property used as security, which may include your home, may be repossessed if you do not keep up repayments on your mortgage.

2-year fixed rate BTL mortgage

Application fee is 1.50% of Loan amount (Min £1500)‡.
Borrow up to 60% of the value of the property. (Minimum loan £50k. Maximum loan £1million).
Early Repayment Charge is 6 months interest at the BTL Standard Variable Rate (SVR) or fixed rate, whichever is higher, until 02 October 2012

5.29%
fixed until 02 October 2012

currently 2.99%
variable thereafter for the remaining term, which is 2.49% above Barclays Bank Base Rate currently 0.50%.

The overall cost for comparison is
3.7% APR

3-year fixed rate BTL mortgage

Application fee is 1.50% of Loan amount (Min £1500)‡.
Borrow up to 60% of the value of the property. (Minimum loan £50k. Maximum loan £1million.
Early Repayment Charge is 6 months interest at the BTL Standard Variable Rate (SVR) or fixed rate, whichever is higher, until 02 October 2013

5.49%
fixed until 02 October 2013

currently 2.99%
variable thereafter for the remaining term, which is 2.49% above Barclays Bank Base Rate currently 0.50%.

The overall cost for comparison is
3.9% APR

5-year fixed rate BTL mortgage

Application fee is 1.50% of Loan amount (Min £1500)‡.
Borrow up to 60% of the value of the property. (Minimum loan £50k. Maximum loan £1million.
Early Repayment Charge is 6 months interest at the BTL Standard Variable Rate (SVR) or fixed rate, whichever is higher, until 02 October 2015

5.99%
fixed until 02 October 2015

currently 2.99%
variable thereafter for the remaining term, which is 2.49% above Barclays Bank Base Rate currently 0.50%.

The overall cost for comparison is
4.5% APR