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Buy to Let mortgage

buy to let mortgages

Buy to Let 3 property can be an effective way of providing an income, provided you use good judgment.

We've built value and flexibility into our Buy to Let mortgages to help give you the support you need to make the right decisions.

We’ve listed our current Buy to Let mortgages and mortgage rates in the table below.

Your home may be repossessed if you do not keep up repayments on your mortgage

Overview

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 2.69%

until 2 Oct '16

4.99% (BBBR + 4.49%)

variable for the remaining term *

4.7% APR £2999 60% (max) of the value of the property (Min loan £500k - Max loan £1m) 6months interest at the fixed rate until 2 Oct '16
2 Year Fixed 2.69%

until 2 Oct '16

4.99% (BBBR + 4.49%)

variable for the remaining term *

4.9% APR £1999 60% (max) of the value of the property (Min loan £50k - Max loan £500k) 6months interest at the fixed rate until 2 Oct '16
2 Year Fixed 3.19%

until 2 Oct '16

4.99% (BBBR + 4.49%)

variable for the remaining term *

4.8% APR £2999 75% (max) of the value of the property (Min loan £500k - Max loan £1m) 6months interest at the fixed rate until 2 Oct '16
2 Year Fixed 3.19%

until 2 Oct '16

4.99% (BBBR + 4.49%)

variable for the remaining term *

5.0% APR £1999 75% (max) of the value of the property (Min loan £50k - Max loan £500k) 6months interest at the fixed rate until 2 Oct '16
5 Year Fixed 4.49%

until 2 Oct '19

4.99% (BBBR + 4.49%)

variable for the remaining term *

5.1% APR £1999 75% (max) of the value of the property (Min loan £50k - Max loan £500k) 6months interest at the fixed rate until 2 Oct '19
5 Year Fixed 4.49%

until 2 Oct '19

4.99% (BBBR + 4.49%)

variable for the remaining term *

5.0% APR £3999 75% (max) of the value of the property (Min loan £500k - Max loan £1m) 6months interest at the fixed rate until 2 Oct '19
2 Year Tracker 2.69% (BBBR + 2.19%)

variable for the remaining term *

4.99% (BBBR + 4.49%)

variable for the remaining term *

4.8% APR £999 60%(max) of the value of the property (Min loan £50k, Max loan £500k) None
2 Year Tracker 2.69% (BBBR + 2.19%)

variable for the remaining term *

4.99% (BBBR + 4.49%)

variable for the remaining term *

4.7% APR £1999 60%(max) of the value of the property (Min loan £500k, Max loan £1m) None
2 Year Tracker 3.19% (BBBR + 2.69%)

variable for the remaining term *

4.99% (BBBR + 4.49%)

variable for the remaining term *

4.9% APR £999 75%(max) of the value of the property (Min loan £50k, Max loan £500k) None
2 Year Tracker 3.19% (BBBR + 2.69%)

variable for the remaining term *

4.99% (BBBR + 4.49%)

variable for the remaining term *

4.8% APR £1999 75%(max) of the value of the property (Min loan £500k, Max loan £1m) None
2 Year Fixed 3.29%

until 2 Oct '16

4.99% (BBBR + 4.49%)

variable for the remaining term *

5.0% APR £1999 70% (max) of the value of the property (Min loan £50k - Max loan £500k) 6months interest at the fixed rate until 2 Oct '16
2 Year Fixed 3.29%

until 2 Oct '16

4.99% (BBBR + 4.49%)

variable for the remaining term *

4.9% APR £2999 70% (max) of the value of the property (Min loan £500k - Max loan £1m) 6months interest at the fixed rate until 2 Oct '16
2 Year Fixed 3.19%

until 2 Oct '16

4.99% (BBBR + 4.49%)

variable for the remaining term *

4.9% APR £999 60% (max) of the value of the property (Min loan £50k - Max loan £250k) 6months interest at the fixed rate until 2 Oct '16
2 Year Fixed 3.75%

until 2 Oct '16

4.99% (BBBR + 4.49%)

variable for the remaining term *

5.0% APR £999 75% (max) of the value of the property (Min loan £50k - Max loan £250k) 6months interest at the fixed rate until 2 Oct '16

 Information about our Buy to Let (BTL) mortgage products:

  • No higher lending charge
  • Applications are subject to status and principal applicants must be 21 years old or older. All other applicants must be 18 years old or older
  • Loan-to-value restrictions apply
  • A first charge over the BTL property is required
  • Please note that if you borrow via an existing special purpose vehicle (SPV) limited company or an existing limited liability partnership (LLP) we will require our mortgage to be registered at Companies House as well. Additionally, full personal guarantees will be required from all directors/shareholders/members. The SPV limited company or LLP must be registered in the UK and its sole purpose must be Buy to Let
    • If you borrow via an SPV limited company or LLP, we will also require you to charge by way of a floating charge all the undertaking, property, assets, rights and revenues of the borrower both present and future as security for all monies payable to us under our mortgage conditions, and this also needs to be registered at Companies House
  • BTL mortgages are available on an interest-only or capital repayment basis. For an interest-only mortgage, it is your responsibility to ensure that a suitable repayment plan is in place to pay off your total mortgage balance at the end of the agreed term
  • Our standard mortgage conditions contain an 'all monies clause', which secures any other debt that may be due to us
  • Early repayment charges may apply if the mortgage is repaid in whole or in part, or is transferred to another product
  • Owning an investment property is not like owning your own residential home; you’re effectively running a small business. It’s vital that you do your homework before you decide to invest in a residential property
  • As part of the Woolwich Switch & Save™ package when available for BTL, you can opt for a product that offers a legal service via a panel of solicitors, who act on our behalf only. This legal service is not available should you choose not to use our appointed panel solicitor or if you wish to borrow via an SPV limited company or LLP. A cashback alternative is not available in these circumstances. Please note that you will not pay for or receive a copy of the valuation report. If you wish to receive a valuation report, you will need to pay for a Woolwich valuation under our current published valuation scales. Woolwich Switch & Save™ BTL products are generally only available if you have a BTL mortgage with another lender (not Barclays or Woolwich) and wish to move this mortgage to us. Please note that if you remortgage to us from another lender you may have to pay your present lender an early repayment charge (other associated fees may apply – speak to your current mortgage provider for details). In the case of a remortgage, where it includes for example a change of names on the mortgage or the first registration of unregistered land, please note that you will be liable for any associated fees. If your mortgage does not complete on the originally chosen Woolwich Switch & Save™ option after an offer has been issued, a charge of £250 will be made. This is to cover the cost of providing a non-disclosed valuation and fee for legal services through our appointed panel solicitor. The charge will not be payable if you decide not to proceed. The charge can be paid separately or added to the mortgage on completion (subject to criteria). This charge will be in addition to our switching fee which is currently £100
  • If you run into difficulty, please contact us immediately

 

General information:

  • Telephone calls may be recorded or monitored
  • The property must be situated in the United Kingdom, which is England, Wales, Scotland and Northern Ireland. The Channel Islands and the Isle of Man are not part of the United Kingdom
  • All rates and charges quoted are correct at the time this site was last updated
  • The mortgages featured are only available for BTL purposes
  • BTL should be viewed as a long term investment; the value of property may go down as well as up
  • All products are subject to availability and may be changed or withdrawn at any time without notice
  • Early repayment charges may apply

 

How to complain:

  • We are committed to providing a high standard of service to all our customers. We have a set procedure that enables us to investigate and sort out complaints quickly and fairly
  • If you want to complain about this application or the service you've received, you may do so in person, by telephone or in writing by post or email
  • Details of our complaints-handling procedures are available on request from any  branch or our Customer Service team on 0800 33 44 99 4 (Monday to Friday 9am-5pm). Alternatively, you can read our Complaints Commitment

 

You can download our tariff of charges for Buy to Let mortgages here.

Tariff of charges 720 KB 5

Alternatively, you can get our tariff of charges in Braille, large print or audio tape/CD by calling 0800 400 100 6 (via Text Direct if appropriate).

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Mortgage features

  • You choose how to borrow – in your own name or as a group of up to 4 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
  • Borrow up to £1 million per property subject to product availability and personal circumstances
  • Choose a term to suit you – from 5 to 25 years
  • Borrow up to a maximum of £3m on Woolwich Buy to Let properties
  • Repayments to fit your finances – interest–only and/or capital repayment options
  • Transfer your Buy to Let mortgage rate to another buy to let property you only need a minimum income 7

 

Could be good for you if:

  • You want to rent out your home
  • You're going to live abroad but want to let your home in the UK

Look at other options if:

  • You plan to live in the property
  • You're buying overseas

Applying for a new mortgage

Switch mortgages
Request additional borrowing

0800 197 1081 1

0845 071 4963

 

Support for existing Woolwich mortgages

0800 022 4022 2

Woolwich mortgage awards

 

Looking for a residential mortgage?

Offset mortgage - Use your savings to help reduce your mortgage payments
Tracker mortgage - If you want a mortgage that tracks Barclays Bank Base Rate
Fixed rate mortgage - Enjoy the security of fixed monthly repayments for a set period

 

Important information

1. Lines are open Monday to Friday 8am-9pm, Saturday 9am-8pm and Sunday 10am-4pm. To maintain a quality service, we may monitor or record phone calls. Read our call charges and information

2. Lines are open Monday to Friday 9am-5pm. To maintain a quality service, we may monitor or record phone calls. Read our call charges and information
 
3. Barclays Bank PLC is authorised and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, but Buy to Let is not regulated by these authorities.

4. Lines are open Monday to Friday 9am-8pm. To maintain a quality service, we may monitor or record phone calls. Read our call charges and information

5. To view Adobe® Acrobat® (PDF) files you will need Adobe® Acrobat®, available from Adobe Systems Incorporated. Adobe® and Acrobat® are the registered trade marks of Adobe Systems Incorporated in the United States and/or other countries. For more information on accessibility please see the Adobe Accessibility site.

6. To maintain a quality service, we may monitor and record phone calls. Calls to 0800 numbers are free when calling from a UK landline. Charges may apply when using a mobile phone or when calling from abroad. Read our call charges and information

7. Where a minimum income is required the principal applicant must provide evidence of a gross annual income of £25,000, increasing to £50,000 where aggregate borrowing or an individual loan size is over £500,000.

* BBBR = Barclays Bank Base Rate which is currently 0.50% (effective 6 March 2009)

** Restricted to a maximum of 4 properties at this Loan to Value (LTV).
 
Application fee can be paid upfront or deducted from the advance upon completion.

Barclays Bank PLC. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 122702). Barclays Bank PLC subscribes to the Lending Code which is monitored and enforced by the Lending Standards Board. Further details can be found at www.lendingstandardsboard.org.uk. Barclays Insurance Services Company Limited is authorised and regulated by the Financial Conduct Authority (Financial Services Register number: 312078).

Barclays Bank PLC. Registered in England. Registered no. 1026167. Barclays Insurance Services Company Limited. Registered in England. Registered no. 973765. Registered office for both: 1 Churchill Place, London E14 5HP. ‘The Woolwich’ and ‘Woolwich’ are trademarks and trading names of Barclays Bank PLC. Barclays Business is a trading name of Barclays Bank PLC.


 

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