Woolwich Buy to Let mortgages
Woolwich - a multi award-winning mortgage provider - offers a wide range of mortgages at competitive rates.
Buy to let 3 property can be an effective way of providing an income or of helping your children on to the property ladder, provided you use good judgment.
Call us to discuss your options:
0845 677 99971
If you prefer, we can call you back at a time that suits you.
Your home may be repossessed if you do not keep up repayments on your mortgage.
As seen on:
Our buy to let mortgages
| Product | Initial interest rate | Follow-on interest rate | The overall cost for comparison is | Application fee | How much could I borrow? | Early repayment charge |
| 2 Year Fixed | 3.98% until 02 June'14 | 4.99% (BBBR + 4.49%) variable for the remaining term * | 5.5% APR | £1999 | 60% (max) of the value of the property - Minimum loan £50,000 - Maximum loan £125,000 | 6 months interest at the BTL SVR or fixed rate whichever is higher until 2 June '14 |
| 2 Year Fixed | 3.98% until 02 June'14 | 4.99% (BBBR + 4.49%) variable for the remaining term * | 5.2% APR | £2499 | 60% (max) of the value of the property - Minimum loan £125,000 - Maximum loan £250,000 | 6 months interest at the BTL SVR or fixed rate whichever is higher until 2 June '14 |
| 2 Year Fixed | 3.98% until 02 June'14 | 4.99% (BBBR + 4.49%) variable for the remaining term * | 5.1% APR | £3999 | 60% (max) of the value of the property - Minimum loan £250,000 - Maximum loan £1m | 6 months interest at the BTL SVR or fixed rate whichever is higher until 2 June '14 |
| 2 Year Fixed** | 5.29% until 02 June'14 | 4.99% (BBBR + 4.49%) variable for the remaining term * | 5.8% APR | £1999 | 75%** (max) of the value of the property - Minimum loan £50,000 - Maximum loan £125,000 | 6 months interest at the BTL SVR or fixed rate whichever is higher until 2 June '14 |
| 2 Year Fixed** | 5.29% until 02 June'14 | 4.99% (BBBR + 4.49%) variable for the remaining term * | 5.4% APR | £2499 | 75%* (max) of the value of the property - Minimum loan £125,000 - Maximum loan £250,000 | 6 months interest at the BTL SVR or fixed rate whichever is higher until 2 June '14 |
| 2 Year Fixed** | 5.29% until 02 June'14 | 4.99% (BBBR + 4.49%) variable for the remaining term * | 5.4% APR | £3999 | 75%** (max) of the value of the property - Minimum loan £250,000 - Maximum loan £1m | 6 months interest at the BTL SVR or fixed rate whichever is higher until 2 June '14 |
| Lifetime Tracker | 3.99% (BBBR + 3.49%) until 02 June'14 | N/A | 4.6% APR | £1999 | 60% (max) of the value of the property - Minimum loan £50,000 - Maximum loan £125,000 | 6 months interest at the interest charging rate for 3 years |
| Lifetime Tracker | 3.99% (BBBR + 3.49%) until 02 June'14 | N/A | 4.3% APR | £2499 | 60% (max) of the value of the property - Minimum loan £125,000 - Maximum loan £250,000 | 6 months interest at the interest charging rate for 3 years |
| Lifetime Tracker | 3.99% (BBBR + 3.49%) variable for the remaining term | N/A | 4.3% APR | £3999 | 60% (max) of the value of the property - Minimum loan £250,000 - Maximum loan £1m | 6 months interest at the interest charging rate for 3 years |
| 2 Year Tracker** | 4.49% (BBBR + 3.99%) until 02 June'14 | 4.99% (BBBR + 4.49%) variable for the remaining term * | 5.6% APR | £1999 | 75%** (max) of the value of the property - Minimum loan £50,000 - Maximum loan £125,000 | 6 months interest at the interest charging rate until 2 June '14 |
| 2 Year Tracker** | 4.49% (BBBR + 3.99%) until 02 June'14 | 4.99% (BBBR + 4.49%) variable for the remaining term * | 5.3% APR | £2499 | 75%** (max) of the value of the property - Minimum loan £125,000 - Maximum loan £250,000 | 6 months interest at the interest charging rate until 2 June '14 |
| 2 Year Tracker** | 4.49% (BBBR + 3.99%) until 02 June'14 | 4.99% (BBBR + 4.49%) variable for the remaining term * | 5.2% APR | £3999 | 75%** (max) of the value of the property - Minimum loan £250,000 - Maximum loan £1m | 6 months interest at the interest charging rate until 2 June '14 |
Buy to let considerations
- Talk to letting agents about levels of demand and likely rental income before you decide on a location.
- Choose a property that matches your target/ideal tenant(s).
- Consider appointing a letting agent to collect rent, find tenants and deal with routine problems.
- When you've found the right property, work through the figures carefully to ensure the project looks feasible.
- In addition to your Buy to Let mortgage repayments, consider the other costs you'll need to cover such as stamp duty, solicitors' fees, insurance, furniture and fittings, service charge and ground rent for leasehold properties, together with ongoing maintenance and repairs.
- Also, think about how you will pay your Buy to Let mortgage if interest rates rise or the property is vacant for any period of time.
How much could you borrow?
Mortgage features
- You choose how to borrow – in your own name or as a group of up to four private individuals
- You choose how to let from a range of options depending on your goals – you aren't restricted to an Assured Shorthold Tenancy
- Choose a term to suit you – from 5 to 25 years
- No limit on the number of properties – up to a total value of £5 million subject to formal approval
- Repayments to fit your finances – interest-only and/or capital repayment options
Important information
1. Opening hours Monday to Friday 9am-8pm, Saturday 9am-2pm. Calls may be recorded for training or monitoring purposes.
Read our call charges and information
.
2. Barclays Bank Base Rate typically follows the Bank of England Base Rate but it is not guaranteed to do so. The Bank of England Base Rate can go up or down and is announced by the Bank of England's Monetary Policy Committee every month.
This information must be read in conjunction with our
legal Information
. A written personalised Key Facts Illustration is available from any Woolwich or Barclays branch or the
Woolwich
website, or call us on the number above.
3. Barclays Bank PLC. Registered in England. Barclays Bank is authorised and Regulated by the Financial Services Authority (FSA), Registered No 1026167. Registered Office: 1 Churchill Place, London, E14 5HP. "The Woolwich" and "Woolwich" are trademarks of Barclays Bank PLC. Buy to Let is not regulated by the FSA.
4. Where a minimum income is required the principal applicant must provide evidence of a gross annual income of £20,000, increasing to £50,000 where you wish to have aggregate Buy to Let mortgages with us in excess of £2 million.
* BBBR =
Barclays Bank Base Rate
which is currently 0.50%
(effective 6 March 2009)
** Restricted to 4 properties for this Loan to Value (LTV)
Application fee can be paid upfront or deducted from the advance upon completion.
