Insight into how we help the community and why mutuality is in our DNA.
We are currently only accepting new mortgage applications up to 70% loan to value (size of mortgage in relation to the value of the property.) Existing borrowers looking to transfer their existing mortgage can do so at a higher loan to value, subject to product terms and conditions.
We are not currently lending on Holiday Let mortgages or Self-Build mortgages.
Please contact us for further information.
Buy to let is a specialist area and very different to buying a home for yourself.
If you’re already investing in property, or thinking about getting a buy to let mortgage, we have a range of options to choose from. Our buy to let mortgages are available for house purchases or for customers remortgaging from another lender. We will make sure you have all the information you need before you take the next steps or make any decision on purchasing a rental property.
We can help with the following types of buy to let mortgages:
- Regulated and non-regulated
- Consumer buy to let
- Holiday let - due to the current coronavirus outbreak we are temporarily not accepting new applications for holiday let mortgages
- Ex pat
- Limited Company
- Regulation change for landlords
Properties must be located in the following post code areas; AL, BA, BH, BN, BS, DT, EX, GL, GU, HA, HP, HR, KT, LU, MK, NN, OX, PO, RG, RH, SG, SL, SM, SN, SP, SO, TA, TW, UB, WD, WR.
In order to comply with regulations, any property rented out will have to have a minimum EPC rating of E. A civil penalty of up to £4,000 will be imposed for breaches of the regulations. The regulations will apply to a new tenancy to a new tenant and/or a renewal of a tenancy to an existing tenant.
Our helpful guide to becoming a landlord provides helpful information on finding the right property and regulations to be aware of.
Appointments are available by video call, by phone or in branch. We have Saturday appointments available and can also offer same day appointments. See our making a mortgage appointment page for further details or click contact now.