Buy To Let Mortgages

Buy-to-let mortgages

Looking for an opportunity to invest in the property market
or refinance a buy-to-let mortgage?

Talk to us, we can help


Whether you’re looking to invest in property or rent a place out, we have a range of competitive Buy-to-Let mortgages to help you reach your goals.

At a glance:

  • Borrow between £35,000 and £3,000,000
  • Purchase a new property or remortgage an existing Buy-to-Let property
  • Mortgage terms between 5 and 25 years
  • Borrow up to 75% of the property value
  • Choose from Fixed or Variable interest rates and the borrowing term offered for our Buy-to-Let mortgages. To know more please visit your nearest branch

Your Buy-To-Let Property may be repossessed and/or a receiver of rent appointed if you do not keep up payments on your mortgage

Buy to Let Mortgage Interest Rates

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(as of 31/08/2018, rates may be withdrawn at any time)

Product Up to
60% LTV		 Up to
75% LTV		 Arrangement Fee
3 Year Fixed (Fixed for 3 years from completion, no SPV/LLP) 2.34% 2.84% £0
5 Year Fixed (Fixed for 5 years from completion, no SPV/LLP) 2.65% 3.15% £0
3 Year Tracker (Tracks BBR for 3 years from completion, no SPV/LLP) 2.84%
(BBR + 2.09%)		 3.04%
(BBR + 2.29%)		 £0
5 Year Tracker (Tracks BBR for 5 years from completion, no SPV/LLP) 2.94%
(BBR + 2.19%)		 3.14%
(BBR + 2.39%)		 £0
 
3 Year Fixed for SPV/LLP (Fixed for 3 years from completion) 2.79% 3.29% 1.25%
5 Year Fixed for SPV/LLP (Fixed for 5 years from completion) 3.39% 3.59% 1.25%
3 Year Tracker for SPV/LLP (Tracks BBR for 3 years from completion) 3.09%
(BBR + 2.34%)		 3.39%
(BBR + 2.64%)		 1.25%
5 Year Tracker for SPV/LLP (Tracks BBR for 5 years from completion) 3.19%
(BBR + 2.44%)		 3.49%
(BBR + 2.74%)		 1.25%

The following will apply to all mortgage products:

All products will transfer to SBI's Standard Variable Rate (SVR) at the end of the product's incentive period: 4.74%

Early Repayment Charges

Product Year 1 Year 2 Year 3 Year 4 Year 5
3 Year Fixed 3% 2% 1% 0% 0%
5 Year Fixed 4% 4% 3% 3% 2%
3 Year Tracker 2% 2% 0% 0% 0%
5 Year Tracker 2% 2% 0% 0% 0%

General Product Terms and Conditions

Applicant Age Minimum age 21 at the time of application. At least one borrower must be under the age of 65 at the time of application. (Maximum age of 80 at the end of mortgage term)
Number of Applicants Up to 4 applicants allowed.
Minimum Loan Size £35,000
Maximum Loan Size £3,000,000
Maximum LTV (By Loan Size) 75% LTV: Up to £500,000
65% LTV: Between £500,001 and £1,000,000
60% LTV: Between £1,000,001 and £1,500,000
50% LTV: Between £1,500,001 and £3,000,000
Rental Calculation Standard BTL:
  • 5 Year Fixed – 145% of monthly interest payments at 5.00%
  • Other Products – 145% of monthly interest payment at Product Rate + 2% or 5.50% (whichever is higher)
  • Remortgage – 145% of monthly interest payments at 5.00%(Like for Like only)
  • 5yr Fixed Remortgage – 145% at pay rate (Like for Like only)

SPV/LLP/Ltd Co BTL:
  • 5 Year Fixed – 125% of monthly interest payments at 5.00%
  • Other Products – 125% of monthly interest payment at Product Rate + 2% or 5.50% (whichever is higher)
  • Remortgage – 125% of monthly interest payments at 5.00% (Like for Like only)
  • 5yr Fixed Remortgage – 125% at pay rate (Like for Like only)
Minimum Term 5 Years
Maximum Term 25 Years
Repayment Methods Capital Repayment, Interest Only, Part and Part
Portfolio Landlords Accepted – Please refer to ‘BTL Criteria’ for full details of portfolio landlord requirements
Property Location England and Wales
Property Type House or Flat (Flats subject to certain conditions, flats/houses linked to commercial properties are not accepted, other property restrictions may apply)
Transaction Type Purchase or Remortgage

 

Your Buy-To-Let Property may be repossessed and/or a receiver of rent appointed if you do not keep up payments on your mortgage

 

You must be over 21 to apply for a Buy to Let mortgage.

To know more please call or visit your nearest branch

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