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Buy To Let Mortgage Hotline - Call 0117 403 4222

Nationwide Buy To Let Mortgages

Buy To Let Mortgage Deals Of The Month

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FairMortgages.co.uk has partnered with Royal Bank Of Scotland to bring you some of the best mortgage rates in the market, which is why they say 'YES' to a mortgage every 60 seconds*. It takes just a few minutes to find out if they can help:

Call RBS Buy To Let team: FREE on 0800 096 7962

OPEN 7 DAYS A WEEK
Monday to Friday:  8am to 8pm 
Saturday & Sunday:  9am to 4pm

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Call FREE 0808 271 8482

Top rates for those looking to get a better deal or borrow more:

  • FIXED RATES from 1.69% (4.5% APRC)
  • FAST DECISION
  • LINES OPEN: 7 days a week 8am to 10pm

Call HSBC Buy To Let team FREE on 0808 271 8482 to find out how much you could borrow

Details sort by initial rateLenderInitial rate Rate type Overall cost for comparisonMax LTVProduct feeMonthly cost Enquire
Initial rate: 1.49%
Rate type: Fixed Mar-2020
Monthly cost: £491.70 per month
Max LTV: 60%
Product fee: £2213.00
Overall cost for comparison: 4.6% APRC
Virgin Money logo 1.49% Fixed Mar-2020 4.6% APRC 60% £2213.00 £491.70 per month get quotes Call direct0330 057 1595
Initial rate: 1.69%
Rate type: Fixed Mar-2020
Monthly cost: £496.22 per month
Max LTV: 60%
Product fee: £1213.00
Overall cost for comparison: 4.5% APRC
Virgin Money logo 1.69% Fixed Mar-2020 4.5% APRC 60% £1213.00 £496.22 per month get quotes Call direct0330 057 1595
Initial rate: 1.69%
Rate type: Fixed Mar-2021
Monthly cost: £501.14 per month
Max LTV: 60%
Product fee: £2213.00
Overall cost for comparison: 4.4% APRC
Virgin Money logo 1.69% Fixed Mar-2021 4.4% APRC 60% £2213.00 £501.14 per month get quotes Call direct0330 057 1595
Initial rate: 1.79%
Rate type: Tracker Mar-2020
Monthly cost: £500.93 per month
Max LTV: 60%
Product fee: £1213.00
Overall cost for comparison: 4.5% APRC
Virgin Money logo 1.79% Tracker Mar-2020 4.5% APRC 60% £1213.00 £500.93 per month get quotes Call direct0330 057 1595
Initial rate: 1.84%
Rate type: Fixed Feb-2020
Monthly cost: £503.45 per month
Max LTV: 60%
Product fee: £1273.00
Overall cost for comparison: 3.6% APRC
Royal Bank Of Scotland logo 1.84% Fixed Feb-2020 3.6% APRC 60% £1273.00 £503.45 per month get quotes Call direct0800 096 7962
Initial rate: 1.84%
Rate type: Fixed Feb-2020
Monthly cost: £503.30 per month
Max LTV: 60%
Product fee: £1273.00
Overall cost for comparison: 4% APRC
NatWest logo 1.84% Fixed Feb-2020 4% APRC 60% £1273.00 £503.30 per month get quotes Call direct0800 056 8572
Initial rate: 1.84%
Rate type: Fixed Feb-2020
Monthly cost: £503.45 per month
Max LTV: 60%
Product fee: £1273.00
Overall cost for comparison: 3.6% APRC
Royal Bank Of Scotland logo 1.84% Fixed Feb-2020 3.6% APRC 60% £1273.00 £503.45 per month get quotes Call direct0800 096 7962
Initial rate: 1.84%
Rate type: Fixed Feb-2020
Monthly cost: £503.30 per month
Max LTV: 60%
Product fee: £1273.00
Overall cost for comparison: 4.1% APRC
NatWest logo 1.84% Fixed Feb-2020 4.1% APRC 60% £1273.00 £503.30 per month get quotes Call direct0800 056 8572
Initial rate: 1.88%
Rate type: Tracker Feb-2020
Monthly cost: £510.20 per month
Max LTV: 60%
Product fee: £2273.00
Overall cost for comparison: 4.4% APRC
NatWest logo 1.88% Tracker Feb-2020 4.4% APRC 60% £2273.00 £510.20 per month get quotes Call direct0800 056 8572
Initial rate: 1.88%
Rate type: Tracker Feb-2020
Monthly cost: £510.20 per month
Max LTV: 60%
Product fee: £2273.00
Overall cost for comparison: 4.2% APRC
NatWest logo 1.88% Tracker Feb-2020 4.2% APRC 60% £2273.00 £510.20 per month get quotes Call direct0800 056 8572
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Representative Example:

A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.

 

The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).

 

In this example the overall cost for comparison is 3.7% APRC representative.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

Nationwide Buy To Let Mortgages

Nationwide Buy To Let Mortgages Service

Why choose us?

Fair Mortgages can provide you with a first class service if you are looking for buy to let mortgage advice. 

Special features of what we offer include:

  • Whole of Market Broker - We deal with over 60 UK lenders including Nationwide
  • Top Rates - Access to leading buy to let market rates
  • Exclusives - Access to exclusive buy to let mortgage deals not available on the high street
  • Our Buy To Let Expertise - Expert help whether you are a first time investor or experienced full time landlord
  • Credit Issues? - We have lenders who will take into account previous defaults and missed payments 
  • Experienced Buy To Let Investor? - Have a complex buy to let or have a portfolio of 5+ properties? - speak to us

To investigate your buy to let mortgage options call our specialist team on 0117  403 4222 or fill in our call back form. 

Nationwide Buy To Let Mortgages

Changes to the Buy to Let Mortgage Market

When applying for a buy to let mortgage from Nationwide it is important to be aware of the changes to the buy to let mortgage regulations. The changes have altered the way lenders consider and review buy to let mortgage applications.

From 2017, lenders will implement a strict income stress test. Landlords’ income will be reviewed and put under a stress test to ensure they can afford mortgage payments. In order to successfully secure a buy to let mortgage, landlords will have to satisfy lenders that they can afford mortgage payments in the event that interest rates increase to 5.5%.

In addition to the stress test, lenders will require a higher rental coverage ratio than in previous years. Prior to 2017, landlords only needed a rental coverage ratio of 125%. Nowadays, landlords need a rental coverage ratio of at least 145% for standard buy to lets or up to 170% for houses in multiple occupation.

The changes to the regulations could heavily affect landlords with multiple properties. This is because lenders will not provide landlords with a buy to let mortgage if one or more of their properties are not profitable. It should be noted that landlords can no longer spread equity across their entire portfolio, which means if a landlord has one or more properties that do not provide a positive return, they cannot prop it up with profit from another property in their portfolio.  

Nationwide Buy To Let Mortgages

If you’re looking for the right buy to let mortgage for you, you may be wondering what Nationwide can offer you. There is not currently a product known as a ‘Nationwide buy to let mortgage’, however they can offer buy to let mortgages through their specialist lender The Mortgage Works. Buy to let mortgages from The Mortgage Works are only available via a professional independent intermediary such as ourselves.

Buy to let mortgages from The Mortgages Works for first time landlords feature

  • Maximum loan to value of 75%
  • Minimum term of 5 years
  • Maximum term of 35 years
  • Minimum age of 21 at application
  • Maximum age of 70 at application
  • Maximum loan size of £500,000 (unless otherwise started)
  • Must be owner occupied
  • The Mortgage Works will consider applications from employed, self employed and retired applicants.

Before you take out a buy to let mortgage

Buy to let mortgages like most financial products, such as credit cards or current accounts, can vary greatly between lenders and plans. For this reason it is wise to research all of the different options before you lock yourself into a plan.

Consulting an independent mortgage broker could assist you in finding the right buy to let for you. Professional intermediaries have access to specialist lenders who cannot be directly approached for quotes, including but not limited to The Mortgage Works.

If you are comparing different mortgages remember to factor in any arrangement fees and other costs, if the mortgage with the lowest APR has high set up fees it could actually cost you more than some other plans available.  

With buy to let mortgages you may have a choice between an interest only or repayment mortgage: 

  • Interest Only – With this type of mortgage your monthly payment will only cover the interest that accumulates on the loan. At the end of your mortgage term you would be required to repay the entirety of the original amount you borrowed. As a result, most lenders require you to provide a detailed financial plan of how you intend to make that repayment. 
  • Capital Repayment – With a repayment plan your monthly payment will cover more than just the interest that accumulates on your mortgage, which means by the end of its term you will have completely repaid the sum you borrowed. Some plans may allow you to make overpayments when you can afford to so, allowing you to pay off your mortgage even quicker. 

Before you take out a buy to let mortgage you should also decide what kind of interest accumulation you would prefer: 

  • Fixed Rate – With a Fixed Rate mortgage your interest payments are the same throughout the course of the deal, so you know how much you will be paying for the whole introductory period. After this you will usually be put onto the lenders Standard Variable Rate (SVR)  
  • Tracker – Tracker mortgages are linked to the Bank of England’s base interest rate.  This means that if the Bank of England either raises or lowers its base rate the interest you pay on your mortgage will also change to reflect this. 

To find out if a buy to let mortgage is a suitable best deal for you, see the table and phone us for quotes, or compare Nationwide with different buy to let mortgage suppliers.

To compare buy to let deals with different leading mortgage rates and get the most effective deals for you, speak to our mortgage team.

We offer a free, whole of market, independent mortgage comparison service to help you find the best deal for you.

Speak to our specialist team on 0117 403 4222  to help you find the right mortgage option for you or request a callback.

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