For intermediaries only
Buy-to-Let rates guide
Mortgages made simple
Last Updated: 15/01/2024
Interest coverage ratios and assessment rates
Key features
*7-year products: 9-30 years
Properties are eligible for our EPiC rates if they have an Energy Performance Certificate (EER or EIR) of A-C.
A non-refundable application fee of £199 is applied for all cases.
TIER 1
Standard properties
| MAX LOAN SIZE | £1,000,000 |
| MIN LOAN SIZE | £50,000 |
| MAX LTV | 75% |
| TERM LENGTH | 7-30 years* |
| REGIONS | England, Wales and Scotland |
| BASIC RATE TAXPAYER (20%) | 125% |
| LIMITED COMPANY OR LLP | 125% |
| HIGHER RATE TAXPAYER (40%) | 140% |
| ADDITIONAL RATE TAXPAYER (45%) | 140% |
2-year ERC free tracker
No
No
8.49%
8.59%
ICR RATE
BBR1 + 2.49%
BBR1 + 2.59%
INITIAL RATE
S12757221
75%
LTV
EPiC
Standard
PRODUCT TYPE
£1,000,000
MAX LOAN AMOUNT
ERC YEAR 1/2
BBR1 +3.84%
BBR1 +3.99%
REVERSION RATE
1.75%
PRODUCT FEE
S12757253
PRODUCT CODE
- The Bank of England Base Rate (BBR) is a variable rate set by the Bank of England. BBR is currently 5.25%.
-
| Mortgages made simple
| LTV | 75% | |
| PRODUCT TYPE | Standard | EPiC |
| PRODUCT CODE | S12757225 | S12757180 |
| INITIAL RATE | BBR1 + 1.69% | BBR1 + 1.59% |
| PRODUCT FEE | 3.00% | |
| ICR RATE | 7.69% | 7.59% |
| REVERSION RATE | BBR1 +3.99% | BBR1 +3.84% |
| ERC YEAR2 1/2 | 2%/2% | |
| MAX LOAN AMOUNT | £1,000,000 | |
| LTV | 55% | 65% | 75% |
| PRODUCT TYPE | Standard | Standard | Standard |
| PRODUCT CODE | S12558282 | S12658283 | S12758284 |
| INITIAL RATE | 6.04% | 6.19% | 6.34% |
| PRODUCT FEE | 2.00% | 2.00% | 2.00% |
| ICR RATE | 7.04% | 7.19% | 7.34% |
| REVERSION RATE | BBR + 4.99% | BBR + 4.99% | BBR + 4.99% |
| ERC YEAR2 1/2 | 2%/2% | 2%/2% | 2%/2% |
| MAX LOAN AMOUNT | £1,000,000 | ||
2-year tracker
2-year fixed
- The Bank of England Base Rate (BBR) is a variable rate set by the Bank of England. BBR is currently 5.25%.
- You can repay up to 10% of the outstanding loan balance in any 12-month period (calculated by taking the balance at completion and each anniversary thereafter) without incurring an early repayment charge. This does not apply at full redemption, where the early repayment charge will be calculated on the full outstanding loan balance.
-
| Mortgages made simple
LTV
75%
PRODUCT TYPE
Standard
Standard
Standard
Standard
PRODUCT CODE
S12758285
S12758286
S12758287
S12758288
INITIAL RATE
5.79%
5.24%
4.69%
3.79%
PRODUCT FEE
3.00%
4.00%
5.00%
7.00%
ICR RATE
7.79%
7.24%
6.69%
5.79%
REVERSION RATE
BBR + 4.99%
BBR + 4.99%
ERC YEAR2 1/2
2%/2%
2%/2%
MAX LOAN AMOUNT
£1,000,000
LTV
55%
65%
75%
PRODUCT TYPE
Standard
Standard
Standard
PRODUCT CODE
S15558289
S15658290
S15758291
INITIAL RATE
5.59%
5.64%
5.69%
PRODUCT FEE
2.00%
2.00%
2.00%
ICR RATE
5.59%
5.64%
5.69%
REVERSION RATE
BBR + 4.99%
BBR + 4.99%
BBR + 4.99%
ERC YEAR2 1/2/3/4/5
5%/5%/3%/3%/3%
5%/5%/3%/3%/3%
5%/5%/3%/3%/3%
MAX LOAN AMOUNT
£1,000,000
2-year fixed
5-year fixed
- The Bank of England Base Rate (BBR) is a variable rate set by the Bank of England. BBR is currently 5.25%.
- You can repay up to 10% of the outstanding loan balance in any 12-month period (calculated by taking the balance at completion and each anniversary thereafter) without incurring an early repayment charge. This does not apply at full redemption, where the early repayment charge will be calculated on the full outstanding loan balance.
-
| Mortgages made simple
LTV
75%
PRODUCT TYPE
Standard
Standard
Standard
PRODUCT CODE
S15758292
S15758293
S15758294
INITIAL RATE
5.49%
5.29%
5.09%
PRODUCT FEE
3.00%
4.00%
5.00%
ICR RATE
5.49%
5.29%
5.09%
REVERSION RATE
BBR + 4.99%
ERC YEAR2 1/2/3/4/5
5%/5%/3%/3%/3%
MAX LOAN AMOUNT
£1,000,000
LTV
55%
65%
75%
PRODUCT TYPE
Standard
Standard
Standard
PRODUCT CODE
S17558296
S17658297
S17758298
INITIAL RATE
5.49%
5.54%
5.59%
PRODUCT FEE
2.00%
2.00%
2.00%
ICR RATE
5.49%
5.54%
5.59%
REVERSION RATE
BBR + 4.99%
BBR + 4.99%
BBR + 4.99%
ERC YEAR2 1/2/3/4/5/6/7
5%/5%/4%/4%/3%/2%/1%
5%/5%/4%/4%/3%/2%/1%
5%/5%/4%/4%/3%/2%/1%
MAX LOAN AMOUNT
£1,000,000
5-year fixed
7-year fixed
- The Bank of England Base Rate (BBR) is a variable rate set by the Bank of England. BBR is currently 5.25%.
- You can repay up to 10% of the outstanding loan balance in any 12-month period (calculated by taking the balance at completion and each anniversary thereafter) without incurring an early repayment charge. This does not apply at full redemption, where the early repayment charge will be calculated on the full outstanding loan balance.
-
| Mortgages made simple
TIER 2
2-year fixed
Standard properties
LTV
55%
75%
PRODUCT TYPE
Standard
Standard
PRODUCT CODE
S22558322
S22758323
INITIAL RATE
6.34%
6.64%
PRODUCT FEE
2.00%
2.00%
ICR RATE
7.34%
7.64%
REVERSION RATE
BBR1 + 5.49%
BBR1 + 5.49%
ERC YEAR2 1/2
2%/2%
2%/2%
MAX LOAN AMOUNT
£1,000,000
LTV
55%
75%
PRODUCT TYPE
Standard
Standard
PRODUCT CODE
S25558324
S25758325
INITIAL RATE
5.89%
5.99%
PRODUCT FEE
2.00%
2.00%
ICR RATE
5.89%
5.99%
REVERSION RATE
BBR + 5.49%
BBR + 5.49%
ERC YEAR2 1/2/3/4/5
5%/5%/3%/3%/3%
5%/5%/3%/3%/3%
MAX LOAN AMOUNT
£1,000,000
5-year fixed
- The Bank of England Base Rate (BBR) is a variable rate set by the Bank of England. BBR is currently 5.25%.
- You can repay up to 10% of the outstanding loan balance in any 12-month period (calculated by taking the balance at completion and each anniversary thereafter) without incurring an early repayment charge. This does not apply at full redemption, where the early repayment charge will be calculated on the full outstanding loan balance.
-
| Mortgages made simple
TIER 1
Properties are eligible for our EPiC rates if they have an Energy Performance Certificate (EER or EIR) of A-C.
Key features
*7-year products: 9-30 years
Interest coverage ratios and assessment rates
Small HMO (up to 6 rooms)
MAX LOAN SIZE
£1,000,000
MIN LOAN SIZE
£50,000
MAX LTV
75%
TERM LENGTH
7-30 years*
REGIONS
England, Wales and Scotland
BASIC RATE TAXPAYER (20%)
130%
LIMITED COMPANY OR LLP
130%
HIGHER RATE TAXPAYER (40%)
145%
ADDITIONAL RATE TAXPAYER (45%)
145%
LTV
75%
PRODUCT TYPE
Standard
EPiC
PRODUCT CODE
SH12757219
SH12757169
INITIAL RATE
BBR1 + 2.69%
BBR1 + 2.59%
PRODUCT FEE
1.75%
ICR RATE
8.69%
8.59%
REVERSION RATE
BBR1 +3.99%
BBR1 +3.84%
ERC YEAR 1/2
No
No
MAX LOAN AMOUNT
£1,000,000
2-year ERC free tracker
1 The Bank of England Base Rate (BBR) is a variable rate set by the Bank of England. BBR is currently 5.25%.
-
| Mortgages made simple
LTV
75%
PRODUCT TYPE
Standard
EPiC
PRODUCT CODE
SH12757199
SH12757238
INITIAL RATE
BBR1 + 1.79%
BBR1 + 1.69
PRODUCT FEE
3.00%
ICR RATE
7.79%
7.69%
REVERSION RATE
BBR1 +3.99%
BBR1 +3.84%
ERC YEAR2 1/2
2%/2%
MAX LOAN AMOUNT
£1,000,000
LTV
55%
65%
75%
PRODUCT TYPE
Standard
Standard
Standard
PRODUCT CODE
SH12558299
SH12658300
SH12758301
INITIAL RATE
6.09%
6.24%
6.39%
PRODUCT FEE
2.00%
2.00%
2.00%
ICR RATE
7.09%
7.24%
7.39%
REVERSION RATE
BBR + 4.99%
BBR + 4.99%
BBR + 4.99%
ERC YEAR2 1/2
2%/2%
2%/2%
2%/2%
MAX LOAN AMOUNT
£1,000,000
2-year tracker
2-year fixed
- The Bank of England Base Rate (BBR) is a variable rate set by the Bank of England. BBR is currently 5.25%.
- You can repay up to 10% of the outstanding loan balance in any 12-month period (calculated by taking the balance at completion and each anniversary thereafter) without incurring an early repayment charge. This does not apply at full redemption, where the early repayment charge will be calculated on the full outstanding loan balance.
-
| Mortgages made simple
LTV
75%
PRODUCT TYPE
Standard
Standard
Standard
Standard
PRODUCT CODE
SH12758302
SH12758303
SH12758304
SH12758305
INITIAL RATE
5.84%
5.29%
4.74%
3.84%
PRODUCT FEE
3.00%
4.00%
5.00%
7.00%
ICR RATE
7.84%
7.29%
6.74%
5.84%
REVERSION RATE
BBR + 4.99%
ERC YEAR2 1/2
2%/2%
MAX LOAN AMOUNT
£1,000,000
LTV
55%
65%
75%
PRODUCT TYPE
Standard
Standard
Standard
PRODUCT CODE
SH15558306
SH15658307
SH15758308
INITIAL RATE
5.64%
5.69%
5.74%
PRODUCT FEE
2.00%
2.00%
2.00%
ICR RATE
5.64%
5.69%
5.74%
REVERSION RATE
BBR + 4.99%
BBR + 4.99%
BBR + 4.99%
ERC YEAR2 1/2/3/4/5
5%/5%/3%/3%/3%
5%/5%/3%/3%/3%
5%/5%/3%/3%/3%
MAX LOAN AMOUNT
£1,000,000
2-year fixed
5-year fixed
- The Bank of England Base Rate (BBR) is a variable rate set by the Bank of England. BBR is currently 5.25%.
- You can repay up to 10% of the outstanding loan balance in any 12-month period (calculated by taking the balance at completion and each anniversary thereafter) without incurring an early repayment charge. This does not apply at full redemption, where the early repayment charge will be calculated on the full outstanding loan balance.
-
| Mortgages made simple
LTV
75%
PRODUCT TYPE
Standard
Standard
Standard
PRODUCT CODE
SH15758309
SH15758310
SH15758311
INITIAL RATE
5.54%
5.34%
5.14%
PRODUCT FEE
3.00%
4.00%
5.00%
ICR RATE
5.54%
5.34%
5.14%
REVERSION RATE
BBR + 4.99%
ERC YEAR2 1/2/3/4/5
5%/5%/3%/3%/3%
MAX LOAN AMOUNT
£1,000,000
LTV
55%
65%
75%
PRODUCT TYPE
Standard
Standard
Standard
PRODUCT CODE
SH17558313
SH17658314
SH17758315
INITIAL RATE
5.54%
5.59%
5.64%
PRODUCT FEE
2.00%
2.00%
2.00%
ICR RATE
5.54%
5.59%
5.64%
REVERSION RATE
BBR + 4.99%
BBR + 4.99%
BBR + 4.99%
ERC YEAR2 1/2/3/4/5/6/7
5%/5%/4%/4%/3%/2%/1%
5%/5%/4%/4%/3%/2%/1%
5%/5%/4%/4%/3%/2%/1%
MAX LOAN AMOUNT
£1,000,000
5-year fixed
7-year fixed
- The Bank of England Base Rate (BBR) is a variable rate set by the Bank of England. BBR is currently 5.25%.
- You can repay up to 10% of the outstanding loan balance in any 12-month period (calculated by taking the balance at completion and each anniversary thereafter) without incurring an early repayment charge. This does not apply at full redemption, where the early repayment charge will be calculated on the full outstanding loan balance.
-
| Mortgages made simple
2-year fixed
TIER 2
Small HMO (up to 6 rooms)
LTV
55%
75%
PRODUCT TYPE
Standard
Standard
PRODUCT CODE
SH22558326
SH22758327
INITIAL RATE
6.39%
6.69%
PRODUCT FEE
2.00%
2.00%
ICR RATE
7.39%
7.69%
REVERSION RATE
BBR + 5.49%
BBR1 + 5.49%
ERC YEAR2 1/2
2%/2%
2%/2%
MAX LOAN AMOUNT
£1,000,000
LTV
55%
75%
PRODUCT TYPE
Standard
Standard
PRODUCT CODE
SH25558328
SH25758329
INITIAL RATE
5.94%
6.04%
PRODUCT FEE
2.00%
2.00%
ICR RATE
5.94%
6.04%
REVERSION RATE
BBR + 5.49%
BBR + 5.49%
ERC YEAR2 1/2/3/4/5
5%/5%/3%/3%/3%
5%/5%/3%/3%/3%
MAX LOAN AMOUNT
£1,000,000
5-year fixed
- The Bank of England Base Rate (BBR) is a variable rate set by the Bank of England. BBR is currently 5.25%.
- You can repay up to 10% of the outstanding loan balance in any 12-month period (calculated by taking the balance at completion and each anniversary thereafter) without incurring an early repayment charge. This does not apply at full redemption, where the early repayment charge will be calculated on the full outstanding loan balance.
-
| Mortgages made simple
Key features
*7-year products: 9-30 years
TIER 1
Properties are eligible for our EPiC rates if they have an Energy Performance Certificate (EER or EIR) of A-C.
Interest coverage ratios and assessment rates
Large HMO (7 to 15 rooms)
MAX LOAN SIZE
£1,500,000
MIN LOAN SIZE
£50,000
MAX LTV
70%
TERM LENGTH
7-30 years*
REGIONS
England, Wales and Scotland
BASIC RATE TAXPAYER (20%)
130%
LIMITED COMPANY OR LLP
130%
HIGHER RATE TAXPAYER (40%)
145%
ADDITIONAL RATE TAXPAYER (45%)
145%
LTV
70%
PRODUCT TYPE
Standard
EPiC
PRODUCT CODE
LH12707193
LH12707201
INITIAL RATE
BBR1 + 2.29%
BBR1 + 2.19
PRODUCT FEE
3.00%
ICR RATE
8.29%
8.19%
REVERSION RATE
BBR1 +3.99%
BBR1 +3.84%
ERC YEAR 1/2
No
No
MAX LOAN AMOUNT
£1,000,000
2-year ERC free tracker
1 The Bank of England Base Rate (BBR) is a variable rate set by the Bank of England. BBR is currently 5.25%.
-
| Mortgages made simple
LTV
70%
PRODUCT TYPE
Standard
EPiC
PRODUCT CODE
LH12707236
LH12707245
INITIAL RATE
BBR1 + 3.19%
BBR1 + 3.09%
PRODUCT FEE
1.75%
ICR RATE
9.19%
9.09%
REVERSION RATE
BBR1 +3.99%
BBR1 +3.84%
ERC YEAR 1/2
2%/2%
2%/2%
MAX LOAN AMOUNT
£1,000,000
LTV
55%
65%
70%
PRODUCT TYPE
Standard
Standard
Standard
PRODUCT CODE
LH15558316
LH15658317
LH15708318
INITIAL RATE
5.89%
5.94%
5.99%
PRODUCT FEE
2.00%
2.00%
2.00%
ICR RATE
5.89%
5.94%
5.99%
REVERSION RATE
BBR + 4.99%
BBR + 4.99%
BBR + 4.99%
ERC YEAR2 1/2/3/4/5
5%/5%/3%/3%/3%
5%/5%/3%/3%/3%
5%/5%/3%/3%/3%
MAX LOAN AMOUNT
£1,500,000
2-year tracker
5-year fixed
- The Bank of England Base Rate (BBR) is a variable rate set by the Bank of England. BBR is currently 5.25%.
- You can repay up to 10% of the outstanding loan balance in any 12-month period (calculated by taking the balance at completion and each anniversary thereafter) without incurring an early repayment charge. This does not apply at full redemption, where the early repayment charge will be calculated on the full outstanding loan balance.
-
| Mortgages made simple
LTV
55%
65%
70%
PRODUCT TYPE
Standard
Standard
Standard
PRODUCT CODE
LH17558319
LH17658320
LH17708321
INITIAL RATE
5.79%
5.84%
5.89%
PRODUCT FEE
2.00%
2.00%
2.00%
ICR RATE
5.79%
5.84%
5.89%
REVERSION RATE
BBR + 4.99%
BBR + 4.99%
BBR + 4.99%
ERC YEAR2 1/2/3/4/5/6/7
5%/5%/4%/4%/3%/2%/1%
5%/5%/4%/4%/3%/2%/1%
5%/5%/4%/4%/3%/2%/1%
MAX LOAN AMOUNT
£1,500,000
7-year fixed
- The Bank of England Base Rate (BBR) is a variable rate set by the Bank of England. BBR is currently 5.25%.
- You can repay up to 10% of the outstanding loan balance in any 12-month period (calculated by taking the balance at completion and each anniversary thereafter) without incurring an early repayment charge. This does not apply at full redemption, where the early repayment charge will be calculated on the full outstanding loan balance.
-
| Mortgages made simple
TIER 2
Key features
Interest coverage ratios and assessment rates
Large HMO (7 to 15 rooms)
MAX LOAN SIZE
£1,500,000
MIN LOAN SIZE
£50,000
MAX LTV
70%
TERM LENGTH
7-30 years
REGIONS
England, Wales and Scotland
BASIC RATE TAXPAYER (20%)
130%
LIMITED COMPANY OR LLP
130%
HIGHER RATE TAXPAYER (40%)
145%
ADDITIONAL RATE TAXPAYER (45%)
145%
LTV
55%
70%
PRODUCT TYPE
Standard
Standard
PRODUCT CODE
LH25558330
LH25708331
INITIAL RATE
6.19%
6.29%
PRODUCT FEE
2.00%
2.00%
ICR RATE
6.19%
6.29%
REVERSION RATE
BBR + 5.49%
BBR + 5.49%
ERC YEAR2 1/2/3/4/5
5%/5%/3%/3%/3%
5%/5%/3%/3%/3%
MAX LOAN AMOUNT
£1,500,000
5-year fixed
- The Bank of England Base Rate (BBR) is a variable rate set by the Bank of England. BBR is currently 5.25%.
- You can repay up to 10% of the outstanding loan balance in any 12-month period (calculated by taking the balance at completion and each anniversary thereafter) without incurring an early repayment charge. This does not apply at full redemption, where the early repayment charge will be calculated on the full outstanding loan balance.
-
| Mortgages made simple
Key features
*7-year products: 9-30 years
TIER 1
Properties are eligible for our EPiC rates if they have an Energy Performance Certificate (EER or EIR) of A-C.
Interest coverage ratios and assessment rates
Small MUFB (up to 6 units)
MAX LOAN SIZE
£1,500,000
MIN LOAN SIZE
£50,000
MAX LTV
70%
TERM LENGTH
7-30 years*
REGIONS
England, Wales and Scotland
BASIC RATE TAXPAYER (20%)
130%
LIMITED COMPANY OR LLP
130%
HIGHER RATE TAXPAYER (40%)
145%
ADDITIONAL RATE TAXPAYER (45%)
145%
LTV
70%
PRODUCT TYPE
Standard
EPiC
PRODUCT CODE
M12707170
M12707167
INITIAL RATE
BBR1 + 1.79%
BBR1 + 1.69
PRODUCT FEE
3.00%
ICR RATE
7.79%
7.69%
REVERSION RATE
BBR1 +3.99%
BBR1 + 3.84%
ERC YEAR2 1/2
No
No
MAX LOAN AMOUNT
£1,000,000
2-year ERC free tracker
1 The Bank of England Base Rate (BBR) is a variable rate set by the Bank of England. BBR is currently 5.25%.
-
| Mortgages made simple
LTV
70%
PRODUCT TYPE
Standard
EPiC
PRODUCT CODE
M12707231
M12707243
INITIAL RATE
BBR1 + 2.69%
BBR1 + 2.59
PRODUCT FEE
1.75%
ICR RATE
8.69%
8.59%
REVERSION RATE
BBR1 + 3.99%
BBR1 + 3.84%
ERC YEAR 1/2
2%/2%
2%/2%
MAX LOAN AMOUNT
£1,000,000
LTV
55%
65%
70%
PRODUCT TYPE
Standard
Standard
Standard
PRODUCT CODE
SM12558366
SM12658367
SM12708368
INITIAL RATE
6.09%
6.24%
6.39%
PRODUCT FEE
2.00%
2.00%
2.00%
ICR RATE
7.09%
7.24%
7.39%
REVERSION RATE
BBR + 4.99%
BBR + 4.99%
BBR + 4.99%
ERC YEAR2 1/2
2%/2%
2%/2%
2%/2%
MAX LOAN AMOUNT
£1,500,000
2-year tracker
2-year fixed
- The Bank of England Base Rate (BBR) is a variable rate set by the Bank of England. BBR is currently 5.25%.
- You can repay up to 10% of the outstanding loan balance in any 12-month period (calculated by taking the balance at completion and each anniversary thereafter) without incurring an early repayment charge. This does not apply at full redemption, where the early repayment charge will be calculated on the full outstanding loan balance.
-
| Mortgages made simple
LTV
70%
PRODUCT TYPE
Standard
Standard
Standard
Standard
PRODUCT CODE
SM12708369
SM12708370
SM12708371
SM12708372
INITIAL RATE
5.84%
5.29%
4.74%
3.84%
PRODUCT FEE
3.00%
4.00%
5.00%
7.00%
ICR RATE
7.84%
7.29%
6.74%
5.84%
REVERSION RATE
BBR + 4.99%
ERC YEAR2 1/2
2%/2%
MAX LOAN AMOUNT
£1,500,000
LTV
55%
65%
70%
PRODUCT TYPE
Standard
Standard
Standard
PRODUCT CODE
SM15558373
SM15658374
SM15708375
INITIAL RATE
5.69%
5.74%
5.79%
PRODUCT FEE
2.00%
2.00%
2.00%
ICR RATE
5.69%
5.74%
5.79%
REVERSION RATE
BBR + 4.99%
BBR + 4.99%
BBR + 4.99%
ERC YEAR2 1/2/3/4/5
5%/5%/3%/3%/3%
5%/5%/3%/3%/3%
5%/5%/3%/3%/3%
MAX LOAN AMOUNT
£1,500,000
2-year fixed
5-year fixed
- The Bank of England Base Rate (BBR) is a variable rate set by the Bank of England. BBR is currently 5.25%.
- You can repay up to 10% of the outstanding loan balance in any 12-month period (calculated by taking the balance at completion and each anniversary thereafter) without incurring an early repayment charge. This does not apply at full redemption, where the early repayment charge will be calculated on the full outstanding loan balance.
-
| Mortgages made simple
LTV
70%
PRODUCT TYPE
Standard
Standard
Standard
PRODUCT CODE
SM15708376
SM15708377
SM15708378
INITIAL RATE
5.59%
5.39%
5.19%
PRODUCT FEE
3.00%
4.00%
5.00%
ICR RATE
5.59%
5.39%
5.19%
REVERSION RATE
BBR + 4.99%
ERC YEAR2 1/2/3/4/5
5%/5%/3%/3%/3%
MAX LOAN AMOUNT
£1,500,000
LTV
55%
65%
70%
PRODUCT TYPE
Standard
Standard
Standard
PRODUCT CODE
SM17558380
SM17658381
SM17708382
INITIAL RATE
5.59%
5.64%
5.69%
PRODUCT FEE
2.00%
2.00%
2.00%
ICR RATE
5.59%
5.64%
5.69%
REVERSION RATE
BBR + 4.99%
BBR + 4.99%
BBR + 4.99%
ERC YEAR2 1/2/3/4/5/6/7
5%/5%/4%/4%/3%/2%/1%
5%/5%/4%/4%/3%/2%/1%
5%/5%/4%/4%/3%/2%/1%
MAX LOAN AMOUNT
£1,500,000
5-year fixed
7-year fixed
- The Bank of England Base Rate (BBR) is a variable rate set by the Bank of England. BBR is currently 5.25%.
- You can repay up to 10% of the outstanding loan balance in any 12-month period (calculated by taking the balance at completion and each anniversary thereafter) without incurring an early repayment charge. This does not apply at full redemption, where the early repayment charge will be calculated on the full outstanding loan balance.
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TIER 2
2-year fixed
Small MUFB (up to 6 units)
LTV
55%
70%
PRODUCT TYPE
Standard
Standard
PRODUCT CODE
SM22558403
SM22708404
INITIAL RATE
6.39%
6.69%
PRODUCT FEE
2.00%
2.00%
ICR RATE
7.39%
7.69%
REVERSION RATE
BBR + 5.49%
BBR + 5.49%
ERC YEAR2 1/2
2%/2%
2%/2%
MAX LOAN AMOUNT
£1,500,000
LTV
55%
70%
PRODUCT TYPE
Standard
Standard
PRODUCT CODE
SM25558405
SM25708406
INITIAL RATE
5.99%
6.09%
PRODUCT FEE
2.00%
2.00%
ICR RATE
5.99%
6.09%
REVERSION RATE
BBR + 5.49%
BBR + 5.49%
ERC YEAR2 1/2/3/4/5
5%/5%/3%/3%/3%
5%/5%/3%/3%/3%
MAX LOAN AMOUNT
£1,500,000
5-year fixed
- The Bank of England Base Rate (BBR) is a variable rate set by the Bank of England. BBR is currently 5.25%.
- You can repay up to 10% of the outstanding loan balance in any 12-month period (calculated by taking the balance at completion and each anniversary thereafter) without incurring an early repayment charge. This does not apply at full redemption, where the early repayment charge will be calculated on the full outstanding loan balance.
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Key features
*7-year products: 9-30 years
TIER 1
Interest coverage ratios and assessment rates
Large MUFB (7-10 units)
MAX LOAN SIZE
£1,500,000
MIN LOAN SIZE
£50,000
MAX LTV
70%
TERM LENGTH
7-30 years*
REGIONS
England, Wales and Scotland
BASIC RATE TAXPAYER (20%)
130%
LIMITED COMPANY OR LLP
130%
HIGHER RATE TAXPAYER (40%)
145%
ADDITIONAL RATE TAXPAYER (45%)
145%
LTV
55%
65%
70%
PRODUCT TYPE
Standard
Standard
Standard
PRODUCT CODE
LM15558389
LM15658390
LM15708391
INITIAL RATE
5.99%
6.04%
6.09%
PRODUCT FEE
2.00%
2.00%
2.00%
ICR RATE
5.99%
6.04%
6.09%
REVERSION RATE
BBR + 4.99%
BBR + 4.99%
BBR + 4.99%
ERC YEAR2 1/2/3/4/5
5%/5%/3%/3%/3%
5%/5%/3%/3%/3%
5%/5%/3%/3%/3%
MAX LOAN AMOUNT
£1,500,000
5-year fixed
- The Bank of England Base Rate (BBR) is a variable rate set by the Bank of England. BBR is currently 5.25%.
- You can repay up to 10% of the outstanding loan balance in any 12-month period (calculated by taking the balance at completion and each anniversary thereafter) without incurring an early repayment charge. This does not apply at full redemption, where the early repayment charge will be calculated on the full outstanding loan balance.
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LTV
55%
65%
70%
PRODUCT TYPE
Standard
Standard
Standard
PRODUCT CODE
LM17558392
LM17658393
LM17708394
INITIAL RATE
5.89%
5.94%
5.99%
PRODUCT FEE
2.00%
2.00%
2.00%
ICR RATE
5.89%
5.94%
5.99%
REVERSION RATE
BBR + 4.99%
BBR + 4.99%
BBR + 4.99%
ERC YEAR2 1/2/3/4/5/6/7
5%/5%/4%/4%/3%/2%/1%
5%/5%/4%/4%/3%/2%/1%
5%/5%/4%/4%/3%/2%/1%
MAX LOAN AMOUNT
£1,500,000
7-year fixed
- The Bank of England Base Rate (BBR) is a variable rate set by the Bank of England. BBR is currently 5.25%.
- You can repay up to 10% of the outstanding loan balance in any 12-month period (calculated by taking the balance at completion and each anniversary thereafter) without incurring an early repayment charge. This does not apply at full redemption, where the early repayment charge will be calculated on the full outstanding loan balance.
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TIER 2
Key features
Interest coverage ratios and assessment rates
Large MUFB (7-10 units)
MAX LOAN SIZE
£1,500,000
MIN LOAN SIZE
£50,000
MAX LTV
70%
TERM LENGTH
7-30 years
REGIONS
England, Wales and Scotland
BASIC RATE TAXPAYER (20%)
130%
LIMITED COMPANY OR LLP
130%
HIGHER RATE TAXPAYER (40%)
145%
ADDITIONAL RATE TAXPAYER (45%)
145%
LTV
55%
70%
PRODUCT TYPE
Standard
Standard
PRODUCT CODE
LM25558409
LM25708410
INITIAL RATE
6.29%
6.39%
PRODUCT FEE
2.00%
2.00%
ICR RATE
6.29%
6.39%
REVERSION RATE
BBR + 5.49%
BBR + 5.49%
ERC YEAR2 1/2/3/4/5
5%/5%/3%/3%/3%
5%/5%/3%/3%/3%
MAX LOAN AMOUNT
£1,500,000
5-year fixed
- The Bank of England Base Rate (BBR) is a variable rate set by the Bank of England. BBR is currently 5.25%.
- You can repay up to 10% of the outstanding loan balance in any 12-month period (calculated by taking the balance at completion and each anniversary thereafter) without incurring an early repayment charge. This does not apply at full redemption, where the early repayment charge will be calculated on the full outstanding loan balance.
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Properties are eligible for our EPiC rates if they have an Energy Performance Certificate (EER or EIR) of A-C.
TIER 1
Key features
Interest coverage ratios and assessment rates
Holiday Lets
MAX LOAN SIZE
£750,000
MIN LOAN SIZE
£50,000
MAX LTV
70%
TERM LENGTH
7-30 years
REGIONS
England, Wales and Scotland
BASIC RATE TAXPAYER (20%)
125%
LIMITED COMPANY OR LLP
125%
HIGHER RATE TAXPAYER (40%)
140%
ADDITIONAL RATE TAXPAYER (45%)
140%
LTV
70%
PRODUCT TYPE
Standard
EPiC
PRODUCT CODE
HL12707166
HL12707229
INITIAL RATE
BBR1 + 3.19%
BBR1 + 3.09%
PRODUCT FEE
1.75%
ICR RATE
9.19%
9.09%
REVERSION RATE
BBR1 +3.99%
BBR1 +3.84%
ERC YEAR 1/2
No
No
MAX LOAN AMOUNT
£750,000
2-year ERC free tracker
1 The Bank of England Base Rate (BBR) is a variable rate set by the Bank of England. BBR is currently 5.25%.
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LTV
70%
PRODUCT TYPE
Standard
EPiC
PRODUCT CODE
HL12707241
HL12707183
INITIAL RATE
BBR1 + 2.29%
BBR1 + 2.19
PRODUCT FEE
3.00%
ICR RATE
8.29%
8.19%
REVERSION RATE
BBR1 +3.99%
BBR1 +3.84%
ERC YEAR2 1/2
2%/2%
MAX LOAN AMOUNT
£750,000
2-year tracker
- The Bank of England Base Rate (BBR) is a variable rate set by the Bank of England. BBR is currently 5.25%.
- You can repay up to 10% of the outstanding loan balance in any 12-month period (calculated by taking the balance at completion and each anniversary thereafter) without incurring an early repayment charge. This does not apply at full redemption, where the early repayment charge will be calculated on the full outstanding loan balance.
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Buy-to-Let fees
PRODUCT FEES
LEGAL FEES
DUAL LEGAL REPRESENTATION
Product fees can be added to the loan and are included in our affordability calculations.
In all cases the borrower will be liable to pay all legal costs in respect of the completion of the mortgage. On instruction, our solicitors will request that payment is made by the borrower in advance and held on account.
Evidence demonstrates that dual representation reduces the time to completion by an average of 15 days when compared with separate representation.
Our solicitor may be selected to act for both the borrower and us in most situations.
Dual representation is not available where applications have been made that include:
-
Cases where security titles are being split or a change in the security title is required
-
Incorporation cases involving a transfer by the borrower from individual to corporate ownership.
Dual representation is available for properties located in Scotland.
SEPARATE LEGAL REPRESENTATION
If the borrower wishes to use their own solicitor they may do so provided that the firm of solicitors acting for them is:
-
Registered with the Law Society and has a minimum of 3 Solicitors Regulation Authority (SRA) approved managers (none of whom must be struck off)
-
A solicitor with 2 SRA approved managers accredited with the Law Society’s Conveyancing Quality Scheme (CQS) is also acceptable.
We will select our own solicitor to act for us.
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Buy-to-Let fees (cont.)
TITLE INSURANCE
We seek to apply title insurance, at no cost to the borrower, for standard property and HMO remortgage cases up to
£750k, excluding:
-
MUFBs
-
Transfer of equity
-
Where security titles are being split or a change in the security title is required
-
Properties with more than one kitchen
-
Cases where at the underwriter discretion title insurance cannot be applied.
EXPIRED OFFER FEE
LIBOR REPLACEMENT
An expired offer fee of £250 is payable when we are required to extend or re-offer a Mortgage Offer.
As of 8 March 2021, we have replaced LIBOR as the reference rate for the reversion interest rate for our active Buy-to-Let products. To learn more about this decision and its replacement – the Bank of England Base Rate (BBR), please visit the FAQs page on
our website.
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Legal Fees
The tables below set out the fee scales for our preferred partners. These fees are a representation only, actual fees may be higher, particularly for more complex cases that involve additional legal work and exclusive of VAT and Disbursements.
REMORTGAGE/PURCHASE (NO TITLE INSURANCE)
Net loan size
Separate legal rep. fee
Dual legal rep. fee
UP TO £250,000
£750
£850
£250,001 TO £500,000
£850
£950
£500,001 TO £750,000
£900
£1,150
£750,001 TO £1,000,000
£1,150
£1,300
£1,000,001+
Please request quotation
Please request quotation
REMORTGAGE/PURCHASE (WITH TITLE INSURANCE)
Net loan size
Separate legal rep. fee
Dual legal rep. fee
UP TO £250,000
£550
£700
£250,001 TO £500,000
£700
£850
£500,001 TO £750,000
£800
£950
£750,001 TO £1,000,000
£900
£1,100
£1,000,001+
Please request quotation
Please request quotation
CONTACTING US
If you have any questions or queries relating to our legal panel or process please contact 020 3846 6874 or btlcompletion@lendinvest.com.
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Valuation & Application Fees – Standard Residential/Small HMO (6 bedrooms or less)
The valuation fee will be requested on submission of the signed application of which £199
is a non-refundable initial assessment fee. Once the initial assessment is successfully undertaken we will instruct a valuer.
Valuation (up to)
Application fee (non-refundable)
Residential valuation
Small HMO (6 bedrooms or fewer)
£100,000
£199
£0
£251
£150,000
£199
£0
£251
£200,000
£199
£0
£266
£250,000
£199
£0
£336
£300,000
£199
£0
£336
£350,000
£199
£0
£396
£400,000
£199
£0
£396
£450,000
£199
£0
£456
£500,000
£199
£0
£456
£600,000
£199
£0
£521
£700,000
£199
£0
£581
£800,000
£199
£0
£691
£900,000
£199
£0
£766
£1,000,000
£199
£0
£836
£1,200,000
£199
£711
£996
£1,250,000
£199
£711
£1,156
£1,500,000
£199
£821
£1,316
£1,750,000
£199
£936
£1,476
£2,000,000
£199
£1,161
£1,636
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Mortgages made simple.