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Buy To Let Mortgage Hotline - Call 0117 403 4222

Woolwich Buy To Let Mortgages

Buy To Let Mortgage Deals Of The Month

RBS Mortgages Logo

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

Hsbc 2-logo 

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: 1.43%
Rate type: Fixed Oct-2019
Monthly cost: £488.68 per month
Max LTV: 60%
Product fee: £2270.00
Overall cost for comparison: 4.5% APRC
Barclays Bank logo 1.43% Fixed Oct-2019 4.5% APRC 60% £2270.00 £488.68 per month get quotes Call direct0117 313 7780
Initial rate: 1.43%
Rate type: Fixed Oct-2019
Monthly cost: £484.13 per month
Max LTV: 60%
Product fee: £1320.00
Overall cost for comparison: 4.3% APRC
Barclays Bank logo 1.43% Fixed Oct-2019 4.3% APRC 60% £1320.00 £484.13 per month get quotes Call direct0117 313 7780
Initial rate: 1.44%
Rate type: Fixed Jan-2020
Monthly cost: £486.96 per month
Max LTV: 60%
Product fee: £1755.00
Overall cost for comparison: 4.2% APRC
Santander UK Plc logo 1.44% Fixed Jan-2020 4.2% APRC 60% £1755.00 £486.96 per month get quotes Call direct0117 313 7780
Initial rate: 1.44%
Rate type: Fixed Jan-2020
Monthly cost: £486.96 per month
Max LTV: 60%
Product fee: £1755.00
Overall cost for comparison: 4.2% APRC
Santander UK Plc logo 1.44% Fixed Jan-2020 4.2% APRC 60% £1755.00 £486.96 per month get quotes Call direct0117 313 7780
Initial rate: 1.44%
Rate type: Fixed Jan-2020
Monthly cost: £486.96 per month
Max LTV: 60%
Product fee: £1755.00
Overall cost for comparison: 4.2% APRC
Santander UK Plc logo 1.44% Fixed Jan-2020 4.2% APRC 60% £1755.00 £486.96 per month get quotes Call direct0117 313 7780
Initial rate: 1.48%
Rate type: Fixed Oct-2019
Monthly cost: £491.02 per month
Max LTV: 60%
Product fee: £2270.00
Overall cost for comparison: 4.5% APRC
Barclays Bank logo 1.48% Fixed Oct-2019 4.5% APRC 60% £2270.00 £491.02 per month get quotes Call direct0117 313 7780
Initial rate: 1.6%
Rate type: Tracker 2 years
Monthly cost: £496.66 per month
Max LTV: 60%
Product fee: £2270.00
Overall cost for comparison: 4.5% APRC
Barclays Bank logo 1.6% Tracker 2 years 4.5% APRC 60% £2270.00 £496.66 per month get quotes Call direct0117 313 7780
Initial rate: 1.69%
Rate type: Fixed Dec-2019
Monthly cost: £496.22 per month
Max LTV: 60%
Product fee: £1670.00
Overall cost for comparison: 4.3% APRC
BM Solutions logo 1.69% Fixed Dec-2019 4.3% APRC 60% £1670.00 £496.22 per month get quotes Call direct0117 313 7780
Initial rate: 1.69%
Rate type: Fixed Dec-2019
Monthly cost: £496.25 per month
Max LTV: 60%
Product fee: £1061.00
Overall cost for comparison: 4.6% APRC
Skipton BS logo 1.69% Fixed Dec-2019 4.6% APRC 60% £1061.00 £496.25 per month get quotes Call direct0117 313 7780
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
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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

Woolwich Buy To Let Mortgages

Compare Woolwich Buy To Let Mortgages

Woolwich offers a range of buy to let mortgage deals, which they offer in partnership with Barclays. With a Woolwich buy to let mortgage you could choose from either fixed rate or tracker rate buy to let mortgage, so you can select the option that suits your needs best.

Features of Woolwich Buy to Let Mortgages

A Woolwich buy to let mortgage could offer useful benefits to both first time and experienced landlords, including: 

  • Borrow with others - The option to borrow either as an individual or as part of a group of up to four people
  • Letting flexibility – Choose how you rent out your Woolwich buy to let property from a range of options including, but not limited to, a standard Assured Shorthold Tenancy Agreement
  • Mortgages from £50,000 to £1m per individual property – borrow up to £3m in total with Woolwich buy to let mortgages spread over a portfolio of properties
  • Borrow over terms of 5 to 25 years and choose from interest only or capital repayment plans
  • Portability – move your Woolwich buy to let mortgage to a new buy to let property if required
  • Flexible terms - make overpayments on your mortgage without incurring early repayment charges 

Regulation Changes from 2017 

When preparing to apply for a buy to let mortgage from Woolwich, it is important to note the changes to the buy to let mortgage regulations and how they affect buy to let mortgage applications.

Firstly, lenders will no longer review properties in isolation. Prior to the 2017 changes, lenders could spread equity across their portfolio to cover up a property that was not profitable. Nowadays, lenders will review the landlord’s entire portfolio and refuse to provide a buy to let mortgage if one or more of the properties are not profitable.

Secondly, landlords’ income will be scrutinised more than before. To minimise the likelihood of falling behind on mortgage payments, lenders will request landlords to illustrate that they can afford mortgage payments in the event that interest rates increase to 5.5%.

Finally, the changes to the regulations have forced lenders to increase the rental coverage ratio requirement. Unlike in previous years where landlords only needed a rental coverage ratio of 125%, lenders now request that landlords have a rental coverage ratio of at least 145% (or 170% for houses in multiple occupation). Landlords should note that they cannot simply raise the proposed rent to meet the criteria, as lenders will only accept rental coverage ratio estimates that are based on a professional surveyor’s valuation.  

Features of the Woolwich Buy To Let Mortgage Application Process

To make things easier for landlords, Woolwich offers a dedicated application manager to assist you though all stages of the buy to let mortgage application process. Other features include:

  • Special mortgage deals for existing Barclays/Woolwich buy to let and residential mortgage customers
  • Special deals for current Barclays customers including an easy Woolwich buy to let mortgage application process
  • Get a decision on your Woolwich buy to let mortgage in minutes when you apply online
  • Receive updates on the progress of your Woolwich buy to let mortgage application by text, phone or post

To find out if a Woolwich buy to let mortgage is the best deal for you, see the table and call for quotes, or compare them with other providers.

Compare the various features and benefits of Woolwich buy to let mortgage offers with other leading mortgage deals on the market. Use our free, whole of market independent mortgage comparison service and find the best deal for you. Speak to our specialist team to help you find the right mortgage option for you. 

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

Woolwich buy to let mortgage rates

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Call our Buy to Let Broker Team on 0117 403 4222

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