Buy to Let mortgages

Buy to let insurance

Any property used as security, which may include your home, may be repossessed if you do not keep up repayments on your mortgage. 

What you get

  • You choose how to borrow – by yourself or as a group of up to 4 private individuals
  • A practical way to help your children onto the property ladder by buying a rental property with them
  • You choose how to let from a range of options depending on your goals – you aren't restricted to an Assured Shorthold Tenancy
  • Borrow from £35,000 up to £1 million per property subject to product availability and personal circumstances
  • Borrow up to a maximum of £3 million on Woolwich Buy to Let properties
  • Choose a term to suit you – from 5 to 25 years
  • Repayments – interest-only and/or capital repayment options 
  • Transfer your Buy to Let mortgage rate to another buy-to-let property subject to terms and conditions
  • You only need a minimum income of £25,000 2

Rental cover

You'll need to have sufficient rental income to cover your annual mortgage interest payment calculated at the pay rate of the selected product. Please note that an assessment of the market rent, based on letting to a single household, will be provided as part of our valuation and it is this figure that will be used to actually underwrite your mortgage.


Further information

Features of our Buy To Let mortgage products:

  • No Higher Lending Charge
  • Applications are subject to status and a minimum age of 21 or over for the principal applicant. All other applicants must be 18 or over
  • Loan to Value restrictions apply
  • A first legal charge over the BTL property is required
  • Please note that if you borrow via a Special Purpose Vehicle Limited Company (SPV) or a Limited Liability Partnership (LLP) we will require our mortgage also to be registered at Companies House. In addition 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
  • BTL mortgages are available on an interest-only and/or capital repayment basis. For an interest-only mortgage, it is your responsibility to ensure that you have sufficient funds to repay the mortgage at the end of its term. We recommend that you consider having adequate life cover/term assurance in place to cover the full amount of all sums which you may borrow from us
  • 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 transferred to another product
  • As part of the Woolwich Switch & Save® package when available for BTL, you can opt for a product which 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 a 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. 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 should run into difficulty, please contact us immediately

General information:

  • To maintain a quality service, we may monitor or record phone calls
  • 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 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 you and all of our customers. However, 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, in writing by post or email or by telephone
  • Details of our complaints handling procedures are available on request from any Woolwich branch, our Customer Service team on 0800 33 44 99 3 (Monday to Friday 9am-5pm) or by reading our Complaints Commitment

Tariff of charges

To see our tariff of charges, please read the document 4 below.

Download our Buy to Let tariff of charges 240 KB 4

Alternatively, you can get our tariff of charges in Braille, large print or audio tape/CD by calling 0800 400 100 3 (via Text Direct if appropriate).

What's on offer

Check out our latest mortgage rates to see what products are currently available. Last updated 26 June 2015

Download our rates 200 KB 4

Ready to apply?

To find out more about our Buy to Let mortgages, call us:

0845 678 9998 1


Take a look at our other mortgage options

Offset mortgages – use your savings to help reduce your mortgage interest

Important information
1. 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. Call charges
2. 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.
3. 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. Call charges
4. To view Adobe® (PDF) files you will need Adobe® Reader®, available from Adobe Systems Incorporated. Adobe® and Reader® are the registered trademarks of Adobe Systems Incorporated in the United States and/or other countries. For more information on accessibility please see the Adobe Accessibility   site.