About Us
Established in Newport in 1869 to help local people build homes, we now help people across Wales and England buy properties and save for their future.
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Buy-to-Let Mortgages

We’ve been supporting landlords with Buy-to-Let mortgages for over a decade.

  • Buy-to-Let mortgages for properties across England and Wales
  • Up to 80% LTV (Subject to Product Availability)
  • Mixed Repayment and Interest Only loans available
  • We lend up to age 85
  • First time landlords considered

Buy-to-Let Mortgage Rates for Individual Landlords

Product Type Initial Interest Rate % Overall Cost For Comparison Maximum Loan To Value Product Fee  
2 Year Discount Rate 5.00% 8.3% APRC 75% 2% of the Loan Amount More Details
Product Type Initial Interest Rate % Overall Cost For Comparison Maximum Loan To Value Product Fee  
2 Year Discount Rate 5.00% 8.2% APRC 75% 2% of the Loan Amount More Details

Buy-to-Let Mortgage Rates for Limited Companies

Product Type Initial Interest Rate % Overall Cost For Comparison Maximum Loan To Value Product Fee  
2 Year Discount Rate 5.3% 8.4% APRC 75% 2% of the Loan Amount More Details


Buy-to-Let Mortgage FAQs

The information is intended to give you an idea of your eligibility for our standard Buy-to-Let mortgages. Meeting the below criteria is not a guarantee of acceptance, your application will also be subject to additional underwriting criteria, credit checks and assessment of a suitable property.

  • England and Wales (including Isle of Wight, excluding Channel Islands)
  • 80% LTV subject to product availability (Minimum deposit of 20% of property value required)
  • Minimum loan: £40,000
  • Maximum loan for any single property: £1,000,000
  • Maximum combined loan for multiple Buy-to-Let properties: £3,000,000
  • Please note product specific minimum and maximum loan sizes may apply
  • We can lend on up to 3 properties with our standard Buy-to-Let mortgage range
  • To mortgage up to 20 properties, please see our portfolio loans 
  • Minimum Term: 5 years
  • Maximum Term: 40 years
  • Minimum age 21
  • Maximum age 85 at the end of the mortgage based on the oldest applicant
  • Each applicant must be an existing home owner
  • One applicant must have a minimum income of £25,000 that is not derived from rental income
  •  We will consider lending to first time landlords
  • Limited company landlords not accepted for our standard Buy-to-Let Mortgages. We have a separate range for standard Limited Company Buy-to-Let.
  • We require a minimum rental coverage of 145% of the mortgage interest payment, using an interest rate of 5.5% OR the initial pay rate plus 2%, whichever is greater.
  • We will use whichever is lower out of the actual rental income or the valuer’s rental assessment.
  • Our Buy-to-Let calculator will help you work this out – simply put in how much you’d like to borrow and it will give you an idea of how much rent you need to earn to meet the rental coverage (based on an interest rate of 5.5%).
Buy-to-Let Calculator
  • The property should be let under a single Assured Shorthold Tenancy agreement (AST) of no less than 6 and no more than 12 months, with a maximum of 4 individuals on a single tenancy agreement.

Step 1: Make an Enquiry

The first step to getting a Buy-to-Let mortgage is submitting our enquiry form.

Step 2: We’ll Call You

After submitting your enquiry, you can usually expect to hear from us within 2 working days.

During this initial phone call we will discuss your requirements and set up an appointment with one of our Mortgage Advisers. Our Mortgage Advisers are available for telephone or branch appointments, with evening and weekend appointments available.  

Step 3: Your Mortgage Appointment

During your appointment, your Mortgage Adviser will provide you with information on the products available and answer your questions on a non-advised basis. If you wish to proceed, they will help you submit your application.

Start the process today by making an enquiry:

Enquire Now

Please see our Intermediaries website for details of how to submit a Buy-to-Let mortgage application to us:

Broker Applications

This depends on several factors, such as:

  • The lender’s minimum and maximum loan size
  • How much you can afford to borrow - the lender will carry out an affordability assessment based on your circumstances, such as income and employment status
  • The type of property and its expected rental income

Buy-to-Let Mortgage Calculator

For a rough idea of how much you might be able to borrow based on rental coverage, simply put the monthly rental income into our Buy-to-Let Mortgage Calculator:

Buy-to-Let Calculator


This depends on the Loan to Value (LTV) of the mortgage.

Our Buy-to-Let mortgages are available up to 80% LTV (Subject to Product Availability), so you will need a minimum deposit of at least 20% of the property value.

Our Buy-to-Let mortgages are investment type property loans, which means they are not regulated by the Financial Conduct Authority.

Because they are unregulated, we sell our Buy-to-Let mortgages on a non-advised basis.

This means that, unlike our residential mortgages, you will not receive a recommendation on the suitability of your mortgage based on your individual needs and circumstances. 

Although we cannot provide advice, our Mortgage Advisers will be happy to take you through our product range and explain our application process in detail. 

We will provide you with information to make your own decision on which Buy-to-Let product is right for you.

Speak to an Adviser

All our mortgages move onto our Standard Variable Rate after the initial rate period. Our Standard Variable Rate is currently 8.49%. If our Standard Variable Rate changes, your monthly repayments could go up or down. 

Loans available to persons aged 21 or over and are subject to status and valuation of a suitable property, over which security will be required. All lending will be subject to appraisal of the financial standing of the applicants.

Most Buy-to-Let Mortgages (investment type property loans) are not regulated by the Financial Conduct Authority.


Make an Enquiry

Simply fill in the form below and we'll be in touch within the next few days:

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How we use your personal information

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