Mortgages
 
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Buy to let mortgages

Fixed Rate buy to let mortgages

Whether you are buying your first buy to let property or adding to your portfolio, one of our buy to let mortgages will help you get the best value for your money.  Please remember, to secure your chosen mortgage you must pay the relevant booking fee.

Product features
  • No higher lending charge.
  • Pay up to 10% in overpayments per year with no early repayment charges.
  • Daily interest calculation for capital payments; you get the benefit of capital payments straightaway, through a reduction in the interest charged.
  • Maximum loan size is £500,000. Loans greater than this can be considered.
  • No early repayment charges after the initial period.
  • Standard mortgage valuation payable except for Further Advances where a valuation may not be necessary.
  • In addition to early repayment charges, a redemption fee is payable on full repayment of the mortgage.
  • Loan available up to 80% of your property value.

Mortgages for buy to let

Whether you are buying a new buy to let property or looking for a better deal for an existing property. We have fixed rate and discounted buy to let mortgages with only a 20% deposit.

3 year Fixed Rate
Minimum
Deposit		 Initial
Rate		 For the remainder
of the term		 The overall cost
for comparison is		 Application
fee
20% 7.23% 7.09%
Standard
Variable Rate		 7.60% APR £1499
25% 6.99% 7.09%
Standard
Variable Rate		 7.50% APR £1499
There are early repayment charges that apply until 31.01.2012

Rates correct as at 19 November 2008.

How it works

The interest you are charged on our fixed rate mortgage stays the same for 3 years. At the end of this period, your mortgage will revert to our standard variable rate.

Consider one of our other mortgages if:

Please Note

1. Our mortgage products can be withdrawn at anytime.  To be certain of obtaining your desired product you will need to follow the procedure and pay the associated booking fee.  Be aware that you will not secure any particular product until the relevant booking fee has been paid.

2. We may offer different products and/or similar but differently priced products through our various channels (branches, Derbyshire Direct, Intermediaries and the web). For full details of all available products, please contact us.