Buy to Let mortgages

Here's what you need to know about our Buy to Let products.

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Whether your customers are first time landlords or already know the process, we offer a wide range of fixed rate Buy to Let mortgages that make their day. They’re available up to 75% LTV, for both purchases and remortgages. We just ask that they don’t own more than three Buy to Let mortgaged properties.

Key criteria

  • The total portfolio size is three BTL mortgaged properties per applicant (either solely or jointly) across all lenders, including Bank of Ireland Group
  • The maximum value of Bank of Ireland portfolio of loans is £1,500,000. Maximum individual loan amount is £500,000
  • No minimum income required.

Your customer’s ability to pay is assessed on rental income (which must be received in GBP). The rental income must be at least 145% of the monthly interest due inclusive of any product fees added to the loan. This is calculated using either the initial product rate or interest cover rate, whichever is higher.

The table below shows the rates applicable:

Interest Cover Rate

Product

Buy to Let purchase / Let to Buy

Buy to Let remortgage

Fixed rate for less than five years or a variable rate

5.5%

5.5%

Fixed rate for five or more years

5%

5%

 

  • Check whether your customers and their property meet our lending criteria requirements.

Our mortgages are available in Great Britain. Please see our distribution page for full details of the networks we work with.

 

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Get in touch

Speak to our team for online support, case updates or any other business enquiries.

0345 266 8928* Lines are open 8.30am - 6pm Mon to Fri.

0345 266 8928*

0345 266 8928*