Buy-to-let important information

• 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 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 valuation under our current published valuation scales. 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 (Monday to Friday 9am-5pm). Alternatively, you can read our Complaints Commitment