Buy to Let

This mortgage has been specifically designed to finance the purchase of a residential property. Our flexibility allows us to lend on most residential properties, for example, houses, bungalows, (both purpose built or converted) and leasehold flats and maisonettes (up to the fourth floor). As well as the usual Assured Shorthold Tenancy Agreements, we will also consider lending on properties where:

  • There is a regulated/sitting tenant or
  • Your clients to use the property as a holiday let
  • Your clients to live in part of the property and let the remaining part
  • The rent is less than the mortgage repayment but your clients are in a strong financial position

The Key features of this mortgage are detailed below. In addition to this, copies of our Tailored Mortgages and Mortgage Information leaflets are available as a PDF download.

For further details and to discuss your clients requirements please contact our Mortgage Department on 01582 765 411 or email mortgages@harpendenbs.co.uk.

You will need to have Adobe Acrobat Reader installed on your computer to view or print any of our forms. Click here to download.

*The actual rate payable will depend upon your clients individual circumstances, please ask for a personalised illustration.

Buy-to-Let mortgages are not usually regulated by the Financial Services Authority (FSA). Follow this link for information regarding Mortgage Regulation.

Building insurance cover is required and can be arranged by the Society.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

The Society is authorised and regulated by the Financial Services Authority.
Terms
Minimum loan: £25,000
Maximum loan: £1 million
Value of property: Not less than £100,000
Max Loan to Value: 70% of the property value
Current variable rate: From 5.94% *
Overall cost for comparison: 6.1% APR *
Portable: Yes
Ages: Min 18 years - no maximum
Income capacity: Based on affordability
Property location: England and Wales
Repayment methods: Repayment, interest-only, part & part
Administration Fee: £25
Arrangement Fee: Refer
Valuation Fee: Refer
Legal Fee: Refer
Deeds Release fee: £50
Redemption fee: £75
Available for new purchase: Yes
Available for remortgage: Yes
Early repayment charge: For the first 3 years