Buy to Let
More options for your landlord clients.
We can help with purchases and remortgages for properties being let out to tenants, for clients with small portfolios rather than commercial investors. Our discount rate products offer topslicing, so for cases not meeting rental cover requirements we're able to use personal income to make up the shortfall. Whilst we won't lend on BTL to first time buyers we will consider applicant who have previously held a mortgage.
We require 145% rental cover when calculating affordability. For transitional cases, we use 125%.
We require a valid Energy Performance Certificate (EPC) confirming that the property meets the minumum required standards for energy efficiency (rated E or above).
Take a look at our lending criteria for more details.
STANDARD - 24033, 24034, 24035 To apply, please speak to one of our expert Mortgage Consultants, based in Ipswich, on 0330 123 0773 - we're happy to discuss your application over the telephone or, if you'd prefer, we can arrange to meet with you at one of our 9 branches across Suffolk. In the meantime, you may find it useful to look at our mortgage calculator to get an idea of what your monthly payment may be. This product is exclusively available to Ipswich Building Society Prestige intermediaries and selected intermediary partners. Representative example (this information is based on a typical application and not to your individual circumstances. It does not contain all of the details you need to choose a mortgage): A mortgage of £266,250.00 payable over 25 years initially on our Standard Variable Rate currently at 5.74% with a discount of 2.79% for 24 months, giving a current rate payable of 2.95%, then on our Standard Variable Rate for the remainder of the mortgage term would require 24 monthly payments of £1,260.32, followed by 276 monthly payments of £1,648.79. The total amount payable would be £485,847.72 made up of the loan amount plus interest (£218,078.72), an application fee of £199, a completion fee of £950, a valuation fee of £240, a mortgage funds release fee of £35 and a mortgage discharge fee of £95. This example assumes the completion fee and mortgage funds release fee are added to the loan and that interest is charged on these fees over the mortgage term. Buy To Let 2.95% 2 Year Discount Rate 80% LTV
TOP SLICING - 24036, 24037, 24038
Completion Fee
Application Fee (Payable with application and non-refundable)
Valuation Fee (Payable with application)
Higher Lending Charge
CHAPS (Fee for transfer of funds to solicitor)
Maximum Loan Amount
£950
£199
Based on property valuation. Remortgage: FREE (up to max property value £1m)
-
£35
£500k
The overall cost for comparison is 5.4% APRC representative.
[This representative example is based on assumptions that the loan would start from 3 September 2018]
29090, 29091, 29092 No charge for overpayments of up to 50% of original loan amount For remortgage only: fee assisted legals To apply, please speak to one of our expert Mortgage Consultants, based in Ipswich, on 0330 123 0773 - we're happy to discuss your application over the telephone or, if you'd prefer, we can arrange to meet with you at one of our 9 branches across Suffolk. In the meantime, you may find it useful to look at our mortgage calculator to get an idea of what your monthly payment may be. This product is available to Ipswich Building Society Prestige intermediaries, selected intermediary partners and intermediaries based in our heartland area. Representative example (this information is based on a typical application and not to your individual circumstances. It does not contain all of the details you need to choose a mortgage): A mortgage of £300,000.00 payable over 25 years initially on a fixed rate until 31/12/2020 at 3.15%, and then on our Standard Variable Rate currently at 5.74% for the remainder of the mortgage term would require 27 monthly payments of £1,450.90 followed by 273 monthly payments of £1,855.89. The total amount payable would be £546,396.27 made up of the loan amount plus interest (£244,847.27), an application fee of £199, a completion fee of £950, a valuation fee of £270, a mortgage funds release fee of £35 and a mortgage exit fee of £95. This example assumes the completion fee and mortgage funds release fee are added to the loan and that interest is charged on these fees over the mortgage term. The overall cost for comparison is 5.4% APRC representative.Buy To Let 3.15% 2 Year Fixed Rate 80% LTV
Completion Fee
Application Fee (Payable with application and non-refundable)
Valuation Fee (Payable with application)
Higher Lending Charge
CHAPS (Fee for transfer of funds to solicitor)
Maximum Loan Amount
£950
£199
Purchase: based on property valuation.Remortgage: FREE up to a maximum property value of £1m.
-
£35
£500k
Early repayment charge period ends 31 December 2020
Overpayment of 50% or above - early repayment charge is 3% of the overpayment
Redemption - early repayment charge is 3% of the original loan amount
[This representative example is based on assumptions that the loan would start from 25 September 2018]
29093, 29094, 29095 No charge for overpayments of up to 50% of original loan amount For remortgage only - fee assisted legals To apply, please speak to one of our expert Mortgage Consultants, based in Ipswich, on 0330 123 0773 - we're happy to discuss your application over the telephone or, if you'd prefer, we can arrange to meet with you at one of our 9 branches across Suffolk. In the meantime, you may find it useful to take a look at our mortgage calculator to get an idea of what your monthly payment may be. To apply for this product visit our Apply and Track section, or give our intermediary sales team a call on 0330 123 1073. Representative example (this information is based on a typical application and not to your individual circumstances. It does not contain all of the details you need to choose a mortgage) A mortgage of £149,200.00 payable over 25 years initially on a fixed rate until 31/12/2020 at 2.95% and then on our Standard Variable Rate currently at 5.74% for the remainder of the mortgage term would require 26 monthly payments of £707.33, followed by 274 monthly payments of £923.90. The total amount payable would be £271,588.24 made up of the loan amount plus interest (£121,153.24), an application fee of £199, a completion fee of £746, a valuation fee of £160, a mortgage funds release fee of £35 and a mortgage discharge fee of £95. This example assumes the completion fee and mortgage funds release fee are added to the loan and that interest is charged on these fees over the mortgage term. The overall cost for comparison is 5.4% APRC representative.LOW LOAN Buy to Let 2.95% 2 Year Fixed Rate 80% LTV
Completion Fee
Application Fee (Payable with application and non-refundable)
Valuation Fee (Payable with application)
Higher Lending Charge
CHAPS (Fee for transfer of funds to solicitor)
Maximum Loan Amount
0.5% of the advance
£199
Purchase: based on property valuation. Remortgage: FREE (up to max property value £1m)
-
£35
£150,000
Early repayment charge period ends 31 December 2020
Overpayment of 50% or above - Early Repayment Charge is 3% of the overpayment
Redemption - Early Repayment Charge is 3% of the original loan amount
Minimum loan amount £75,000
[This representative example is based on assumptions that the loan would start from 25 September 2018]
Buy to Let 3.75% 5 Year Fixed Rate 80% LTV
- FIXED RATE of 3.75% until 30 November 2023 then changing to Ipswich Standard Variable Rate (currently 5.74%)
- APRC 5.1%
- Available to direct applicants in England and Wales, nationally via selected intermediary partners and all intermediaries based in our heartland area.
- Available for Purchase and Remortgage
29096, 29097, 29098
| Completion Fee | Application Fee (Payable with application and non-refundable) | Valuation Fee (Payable with application) | Higher Lending Charge | CHAPS (Fee for transfer of funds to solicitor) | Maximum Loan Amount |
|---|---|---|---|---|---|
| £1,250 | £199 | Purchase: based on property valuation. Remortgage: FREE (up to max property value £1m) | - | £35 | £500k |
No charge for overpayments of up to 50% of original loan amount
Early repayment charge period ends 30 November 2023
Overpayment of 50% or above - Early Repayment Charge is 5% of the overpayment
Redemption - Early Repayment Charge is 5% of the original loan amount
For remortgage only - fee assisted legals
To apply, please speak to one of our expert Mortgage Consultants, based in Ipswich, on 0330 123 0773 - we're happy to discuss your application over the telephone or, if you'd prefer, we can arrange to meet with you at one of our 9 branches across Suffolk.
In the meantime, you may find it useful to look at our mortgage calculator to get an idea of what your monthly payment may be.
To apply for this product visit our Apply and Track section, or give our intermediary sales team a call on 0330 123 1073.
Representative example (this information is based on a typical application and not to your individual circumstances. It does not contain all of the details you need to choose a mortgage)
A mortgage of £300,000.00 payable over 25 years initially on a fixed rate until 31/11/2023 at 3.75% and then on our Standard Variable Rate currently at 5.74% for the remainder of the mortgage term would require 62 monthly payments of £1,549.00, followed by 238 monthly payments of £1,830.73. The total amount payable would be £532,315.74 made up of the loan amount plus interest (£230,466.74), an application fee of £199, a completion fee of £1,250, a valuation fee of £270, a mortgage funds release fee of £35 and a mortgage discharge fee of £95. This example assumes the completion fee and mortgage funds release fee are added to the loan and that interest is charged on these fees over the mortgage term. The overall cost for comparison is 5.1% APRC representative.
[This representative example is based on assumptions that the loan would start from 25 September 2018]
