Buy to Let 2 Year Discount Mortgage

Your investment property may be repossessed if you do not keep up repayments on this mortgage


Booking/  Application Fee

Initial rateThen changing toThe overall rate for comparison
1.45% discount for 2 years (up to 75% LTV) £199 payable up front (non refundable) 3.74% variable for 2 years (our standard variable rate minus 1.45% discount)
Standard variable rate, currently 5.19%
5.10% APR*

* The actual rate available will depend upon your circumstances.  Ask for a personalised illustration.

Interest rates applicable on 17 April 2014

An early repayment charge is payable - please see 'Fees/Charges' section on the terms and conditions.

It should be noted that if the property is empty, you are still required to make the full monthly mortgage repayments.

The loan is based solely on the rental income derived from the letting.  Therefore, the condition of the property must be satisfactory requiring no essential items of repair.


  • During the product period, no early repayment charge will be incurred in respect of capital repayments of up to 10% of the original loan amount, made in any 12 month period, from the date of completion.

Points to note

  • Maximum loan to value 75% (including any fees added to the loan) - 'loan to value' is your total mortgage amount divided by the purchase price or valuation, whichever is lower.
  • Minimum loan £75,000
  • Maximum loan £500,000
  • Sealing fee/administration fee on redemption of mortgage is £125
  • Houses within England (including Isle of Wight) and Wales are an accepted type of security
  • Unacceptable property types are flats, maisonettes and houses converted into flats
  • A booking/application fee of £199 is payable on application which is non-refundable
  • An early repayment charge of 3% applies within the first 2 years
  • A Valuation fee is payable up front by the applicant.  The valuation fee will be calculated as a proportion of the value of the property and will be refunded on completion on a property value up to £500,000 for a standard mortgage valuation.  Please note that this is not a survey of the property  - please refer to the 'Valuation fee' section in our 'Homebuyers Guide' for further details.
  • Purchase/Re-mortgage will not be acceptable unless the owner/vendor has registered with the Land Registry for at least six months

Other important information

Click to read our terms and conditions

Available for

Purchase or remortgage of investment property only.

Your investment property may be repossessed if you do not keep up repayments on this mortgage

Adobe Reader

PDF documents will open in a new window. Most computers will open PDFs automatically, but you may need to download Adobe Acrobat Reader. Download the reader here.