Buy to Let Mortgages

*Maximum LTV.

  • All arrangement fees may be added to the loan.
  • Interest will be charged.
  • Minimum % arrangement fee £595

    Buy to Let exposure with Nationwide Group of over £1m (before or after new loan):

  • Fixed rates: new property application based on product pay rate or 5.99%, whichever is higher
  • Tracker/Variable rates: new property application based on product pay rate + 0.5% or 5.99%, whichever is higher

Free standard valuation and free standard legals or cashback products

† Products available through TMW Online. Only available for single property applications. For exceptions please refer to TMW rate guide. Please see our Lending Criteria page for full terms and conditions and a list of non-standard legal fees your client may have to pay.

First Time Landlords

Classified as applicants who have not owned and let a Buy to Let property for the last six months.

Subject to:

  • Maximum age 70 at application
  • Maximum 80% LTV
  • Maximum loan size £500,000 (unless otherwise stated)
  • First Time Landlords must be owner occupiers (with or without a mortgage)
  • The applicant(s) must have owned their residential property for at least 6 months at the time of application
  • Loan purpose: to purchase a new Buy to Let property
  • First Time Landlords remortgaging a second residential property as a Buy to Let (for example, inherited property) are not accepted
  • Evidence of deposit is required on all applications

Switch to Fix Option

Switch to Fix option allows an applicant to switch to an existing customer fixed rate, within the same product range, at any time during the benefit period without incurring Early Repayment Charges.

Remortgaging existing residential properties

All first time and experienced landlord applicants who are remortgaging their existing residential property as a Buy to Let must choose from the Let to Buy product range.

Early Repayment Charges (ERCs)


ERCs Until

Product Type

Lifetime Variable
2 Year Tracker
2 Year
Fixed
3 Year
Fixed
5 Year
Fixed
10 Year Fixed
31/12/16
2%
 
 
 
 
 
30/06/17
 
2%
3%
4%
6%
7%
30/06/18
 
1%
2%
3%
5%
7%
30/06/19
 
 
 
2%
4%
7%
30/06/20
 
 
 
 
3%
7%
30/06/21
 
 
 
 
2%
6%
30/06/22
 
 
    
5%
30/06/23
 
     
4%
30/06/24
 
     
3%
30/06/25
 
 
    
2%
30/06/26
 
 
    
1%

Maximum loan per property

Product/Customer type
LTV
Maximum loan
Buy to Let
50%
£1,500,000
65%
£1,000,000
70%
£750,000
75%
£500,000
80%
£350,000
First Time Landlords
70%
£500,000
80%
£350,000
Let to Buy
70%
£500,000
75%
£350,000
HMO
65%
£500,000