Please note that our current Buy-to-Let products are ONLY available on properties located in our local
geographical area defined as postcode areas: NP, CF, SA, LD, WR, GL, HR
Our Buy-to-Let mortgages allow you to purchase or remortgage residential property for letting purposes at competitive interest rates. Arranging a Buy-to-Let mortgage is as easy as a standard mortgage for owner occupation.
Important considerations before you ‘Buy-to-Let’
Purchasing a rental property is very different to finding a home for yourself. You must always remember that this is a business decision which you need to treat like an investment. Therefore be objective and focus on who is likely to rent the property you are looking to buy. Here are some tips to help you evaluate before you view any property:
What type of tenant are you looking for? e.g. Young professionals, families or sharers
Where’s the best area? Prosperous areas often attract a higher demand for property.
What’s the location like? Think about transport links, parking, schools, shops etc.
What condition is the property in? If it is in poor condition restrictions might be placed on the lending. It will also delay how quickly the property can be let.
How much rent are you likely to receive? Talk to local letting agents, read the local press to find out comparable rental values.
Gas safety check – Landlords have a legal responsibility to make sure any gas equipment they supply is safely installed and maintained in good condition. They are also required to have a registered Gas Safe-registered engineer carry out an annual gas safety check on each appliance and / or flue.
Electrical safety check – Landlords are required to make sure that all electrical systems and appliances they supply are safe.
Key Lending Criteria
It is important to view the Society's Key Lending Criteria if you are considering applying for a Buy-to-Let mortgage. Click here to view the Buy-to-Let Key Lending Criteria.
Being a Landlord Factsheet
Please note that our current Buy-to-Let products are ONLY available on properties located in our local geographical area defined as postcode areas: NP, CF, SA, LD, WR, GL, HR and BS. Full product details are contained in the links below:
Can we help you?
- Why not try our Mortgage Calculators.
- Why not use our Mortgage Decision in Principle online form.
- You can arrange to speak with one of our mortgage advisers by contacting us.
If you fail to keep up with payments on your mortgage a ‘receiver of rent’ may be appointed and/or your rental property may be repossessed.Most Buy to Let Mortgages (investment type property loans) are not regulated by the Financial Conduct Authority or the Prudential Regulation Authority.