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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

 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 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


Tariff of charges

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

Combined mortgage tariff 770 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 25 November 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.