Limited Company Buy to Let 75% LTV

Key Features

Mortgage type 
  • With a discounted rate mortgage, the lender's standard variable rate (SVR) is discounted for a specific period of time. The interest rate will vary as the lender's standard variable mortgage rate moves up and down but the amount of discount will remain the same.
Interest rates 
  • 5.50% variable. Our Standard Variable rate (SVR) with a 1.50% discount for the first 3 years changing to our SVR for the remainder of the mortgage
Maximum loan to value 
  • 75 %
  • Application Fee: £1,500 (purchase or remortgage)
  • Mortgage Exit Administration Fee (MEAF): £100
  • Valuation fee applies
Loan size 
  • £50,000 (min) - £500,000 (max)
  • £40,000 minimum loan for existing borrowers transferring on to this product.
Early repayment charge (ERC) 
  • The Early Repayment Charge (ERC) period applies from the date of completion.
  • For this product the ERC period is 3 years from the date of completion.
  • The ERC is 2% of the original loan amount (or the balance outstanding on the date an existing mortgage is transferred to this product).
  • During the ERC period you are permitted to make overpayments up to 10% of the original loan amount (or the balance outstanding on the date an existing mortgage is transferred to this product) per year. If overpayments exceed 10% in a year during the ERC period, you will have to pay the relevant ERC percentage rate on the amount of overpayment exceeding the permitted level.
  • The full ERC is payable on the original loan amount (or the balance outstanding on the date an existing mortgage is transferred to this product) if you repay your mortgage in full during the ERC period. The ERC will also be levied on previously permitted overpayments.
  • Our Limited Company Buy to Let mortgage is available to you if you are looking to finance a property to let or remortgage a let property through a limited company.
  • The mortgage term must be between 5 and 25 years.
  • Applicants must own and occupy their main residence or be in tied accommodation
  • The property must be located in England or Wales. All properties in the following London postcodes are restricted to 60% loan to value: E, EC, N, NW, SE, SW, W, WC. Flats in the following London postcodes are restricted to 60% loan to value CR, EN HA, IG, KT, RM, SM, TW UB.
  • The maximum number of properties is 10
  • Minimum property value of £150,000
  • Overpayments allowed
Representative example

A mortgage of £89,650 (including an application fee of £1,500) payable over 20 years initially on our standard variable rate, currently 7.00% with a discount of 1.50% for 36 months giving a current rate payable of 5.50% and then on our standard variable rate, currently 7.00% for the remaining 17 years would require 36 monthly payments of £410.90 and 204 monthly payments of £522.96.

The total amount payable would be £211,426.24 made up of the loan amount plus interest of £121,476.24, a valuation fee of £200 and a MEAF of £100.

The overall cost for comparison is 7.0% APRC representative. Please note this illustration is based on an interest only basis (capital and repayment is also available).

Additional information



    Important information

  • The tenancy agreement must be an assured shorthold tenancy for either six or twelve months. We use rental income to assess affordability and you do need to be employed/self-employed, resident in the UK and show that your finances are self-supporting. The rental income from the property must cover 135% of an interest only mortgage payment based on our stressed rate currently 8.55%. We as our valuer to assess the potential rental value of the property when carrying out the mortgage valuation. Each mortgage application is assessed on an individual basis. The property you are buying or refinancing will be used as security for the loan on a first change basis.
  • Buying to let can provide you with an income and may bring a return on your capital in the medium to long-term. However, economic change within the UK means our demand for rented property fluctuates, so you should do some research before deciding to enter the buy to let market. Our mortgages explained booklet gives some basic tips on buying to let.
  • Legal costs

  • Legal work is required when buying or remortgaging a property to let. This legal work is carried out by a solicitor and is payable by you. We can use the same solicitors as you, providing there is a minimum of four Approved Managers/License Holders and they are registered on The Law Society website ( Licensed conveyancers are also acceptable for residential business only. The conveyancer must be registered with the Council of Licensed Conveyancers and be in a firm with at least four Approved Managers/License Holders. If the mortgage is for a Limited Company, separate legal representation is required and all fees are payable by the borrower.
  • Standard mortgage valuation fee

  • A valuation of the property and rental income assessment will be required to assess the security offered for the loan. We offer a choice of either a basic mortgage valuation, which is for us to assess security only, or a Home Buyer's Report that will give you a more comprehensive guide to the condition of the property. It is payable in advance and cannot be refunded once the valuation has taken place. If you would like a full building survey, we will give you the names of some local surveyors who you can contact to give precise instructions and negotiate price.
  • You can upgrade to a Home Buyers report if you wish and if you would prefer a full building survey, we can give you the names of some local surveyors who can organise this for you. (see our Mortgages Explained booklet for valuation and home buyer fees).
  • Maximum loan to value

  • Loan to value (LTV) is the proportion of the value or price of the property (whichever is lower) that you borrow on a mortgage. For example, a £150,000 mortgage on a house valued at £200,000 would mean a LTV of 75%.
  • For existing borrowers transferring onto this product the LTV will be calculated on the current loan outstanding and the indexed valuation held on our records. If the borrower feels the indexed valuation is inaccurate it can be reviewed by contacting our Customer Services department.
  • Fees

  • The application fee can be added to the mortgage and is refundable if the mortgage does not take place. If you add the application fee to your mortgage, this increases the amount you borrow and will also increase your monthly payments.
  • There is a fee of £120 for further advance loans on your existing Newbury Building Society mortgage.
  • A Mortgage Exit Administration Fee (MEAF) applies when you repay your mortgage. Please see our Tariff of charges leaflet and your European Standardised Information Sheet (ESIS) for details.
  • Timescales

  • House purchases must complete within six months of the date of the formal mortgage offer. Remortgages must complete within three months from the date the application is received. Further advances must complete within three months of the date of the further advance offer.
  • For new build properties the mortgage offer is valid for up to 6 months. The application must be able to complete in the product time scales. Therefore, the new build property must be completed and available for occupation within six months of the mortgage offer.
  • Portability

  • This mortgage is portable. This means that if you sell your rented property with the early repayment charge period and take out another mortgage on the same terms and for the same amount (or more) on another property, we will waive the early repayment charge and carry it over to the new mortgage (providing the terms and status are acceptable). If the loan amount is lower, there may be a charge based on the difference between the old and the new amount.
  • Other charges

  • Charges applying to the ongoing administration of your mortgage are detailed in our Tariff of charges PDF, which you will be given before your mortgage completes.
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