Buy to Let Mortgages

*Maximum LTV.

  • All arrangement fees may be added to the loan (with the exception of any up front, non refundable, booking fee. Applicable on products with free standard valuation, free standard legals, or cashback options).
  • 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 and proof of personal income is required on all applications

Acceptable proof of income:

  • Self employed applicants: Latest SA302 (self assessment tax calculation form)*
  • Employed applicants: Latest payslip
  • Retired applicants: Latest payslip/pension statement

Eligible income is defined as:

  • Gross earned income (excluding bonus, overtime and commission)
  • Pension income

State benefits, investment and maintenance income do not qualify as eligible income

*if SA302 is not available an accountant's reference can be accepted. Please contact us with accountants' details in order for us to request.

Switch to Fix Option

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

Other Information

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.