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Buy to Let

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.

Take a look at our lending criteria for more details.

Buy To Let 2.95% 2 Year Discount Rate 80% LTV

About
Fees
Apply
Representative Example
  • VARIABLE RATE currently 5.74% with a discount of 2.79% until 2 years from completion date then changing to Ipswich Standard Variable Rate (currently 5.74%)
  • 5.4% APRC
  • Available to direct applicants in England and Wales and selected intermediary partners.
  • For our Intermediary partners, products are available to Prestige members, selected partners nationally and all intermediaries based in Suffolk, Norfolk, Essex, Cambridgeshire, Bedfordshire, Hertfordshire and Buckinghamshire. Selected partners include: Sesame (AR), PTFS (AR), Mortgage Intelligence (AR), Mortgage Next (AR), Life & Easy (AR), Intrinsic (AR), L&G Nouveau Members, L&G Nouveau2 Members, L&G (Selected Partners), SimplyBiz Mortgage.

STANDARD - 24033, 24034, 24035
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
  • No charge for overpayments of up to 50% of original loan amount
  • Early repayment charge period ends 2 years from completion date
  • Overpayment of 50% or above - early repayment charge is 1% of the overpayment
  • Redemption - early repayment charge is 1% 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.

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.

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]

Buy To Let 3.15% 2 Year Fixed Rate 80% LTV

About
Fees
Apply
Representative Example
  • FIXED RATE of 3.15% up until 31 October 2020 then changing to Ipswich Standard Variable Rate (currently 5.74%)
  • 5.4% APRC
  • Available for direct applicants in England and Wales and selected intermediary partners
  • For our Intermediary partners, products are available to Prestige members, selected partners nationally and all intermediaries based in Suffolk, Norfolk, Essex, Cambridgeshire, Bedfordshire and Hertfordshire. Selected partners include: Sesame (AR), PTFS (AR), Mortgage Intelligence (AR), Mortgage Next (AR), Life & Easy (AR), Intrinsic (AR), L&G Nouveau Members, L&G Nouveau2 Members, L&G (Selected Partners), SimplyBiz Mortgage.

29078 - 29079 - 29080

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

No charge for overpayments of up to 50% of original loan amount
Early repayment charge period ends 31 October 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

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 31/10/2020 at 3.15%, and then on our Standard Variable Rate currently at 5.74% for the remainder of the mortgage term would require 26 monthly payments of £1,450.90 followed by 274 monthly payments of £1,857.16. The total amount payable would be £547,149.24 made up of the loan amount plus interest (£245,600.24), 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.

[This representative example is based on assumptions that the loan would start from 7 August 2018]

LOW LOAN Buy to Let 2.95% 2 Year Fixed Rate 80% LTV

About
Fees
Apply
Representative Example
  • FIXED RATE of 2.95% until 31 October 2020 then changing to Ipswich Standard Variable Rate (currently 5.74%)
  • APRC 5.4%
  • Available to direct applicants in England and Wales, nationally via selected intermediary partners and all intermediaries based in our heartland area.
  • Selected partners include: Sesame (AR), PTFS (AR), Mortgage Intelligence (AR), Mortgage Next (AR), Life & Easy (AR), Intrinsic (AR), L&G Nouveau Members, L&G Nouveau2 Members, L&G (Selected Partners), SimplyBiz Mortgage, TenetLime & Tenet Connect.
  • Available for Purchase and Remortgage

29081 - 29082 - 29083

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

No charge for overpayments of up to 50% of original loan amount
Early repayment charge period ends 31 October 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

For remortgage only - fee assisted legals

Minimum loan amount £75,000

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 31/10/2020 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 £271,993.18 made up of the loan amount plus interest (£121,558.18), 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.

[This representative example is based on assumptions that the loan would start from 7 August 2018]

Buy to Let 3.50% 5 Year Fixed Rate 80% LTV

About
Fees
Apply
Representative Example
  • FIXED RATE of 3.50% until 30 September 2023 then changing to Ipswich Standard Variable Rate (currently 5.74%)
  • APRC 5.0%
  • 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

29073, 29074, 29075

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 September 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 30/09/2023 at 3.50% and then on our Standard Variable Rate currently at 5.74% for the remainder of the mortgage term would require 61 monthly payments of £1,508.30, followed by 239 monthly payments of £1,823.14.
The total amount payable would be £528,300.76 made up of the loan amount plus interest (£226,451.76), 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 5.0% APRC representative.

[This representative example is based on assumptions that the loan would start from 7 August 2018]

Key features of our buy to let mortgages

  • Top slicing available on discount-rate products
  • Transitional cases calculated on 125% rental cover
  • Maximum term 25 years
  • Loans from £75k up to £500k
  • Non owner occupiers acceptable
  • No more than three properties in the portfolio (including the one being applied for)
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