Buy-To-Let Mortgages for individuals with fewer than 4 properties

We are Buy-To-Let mortgage experts offering a trusted, personal and flexible service
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Personal, Flexible Service
Our dedicated team will give you the service you deserve
We will work with you to understand your circumstances and find the best solution
Sector Experts
Providers of buy-to-let mortgages for over 25 years
We specialise in lending to the buy-to-let sectors
Benefits of Mutuality
We have no shareholders to satisfy
So you get great value products and services
Up to 75% of property value
Some regional restrictions may apply
£50,000 minimum property value
£150,000 outside of our operating area
£30,000 minimum mortgage
£75,000 outside our operating area

Buy-To-Let Mortgages for individuals with fewer than 4 properties

2 YEAR DISCOUNT

Your interest rate tracks the Cumberland Buy-To-Let Standard Variable Rate (BTL SVR), currently 5.65%, less the discount shown for the first 2 years, followed by the BTL SVR until the end of the mortgage.

Loan To Value Initial interest rate for 2 years Overall cost for comparison Discount from BTL SVR Follow on rate Fee
Up to 60% Up to 60% 2.64% 2.64% 5.2% APRC 5.2% APRC 3.01% 5.65% £995 Find out
Include Arrangement Fee Include Arrangement Fee More Less
  • Include Arrangement Fee - You can add the Arrangement Fee to your mortgage
  • Can repay lump sums without any early repayment charge (up to 10% per annum each financial year (1 April - 31 March) of the outstanding balance as at 1 April each year) - full details will be found in your KFI and mortgage offer
  • Will have to pay an early-repayment charge (2.00% before the end of year 1 and 1.00% before the end of year 2 of the amount repaid) if you repay all or part of your mortgage before the end of the deal
  • Can add the arrangement fee to your mortgage, subject to maximum LTV.
Representative Example:

A mortgage of £112,500 payable over 20 years initially on this variable rate product for 2 years at 2.64% and then on the Cumberland Buy-To-Let Standard Variable Rate (BTL SVR), currently 5.65% for the remaining term of the mortgage, would require 24 monthly payments of £603.84 and 216 monthly payments of £766.14.

The total amount payable would be £181,358 made up of the loan amount plus interest (£67,478), arrangement fee (£995), valuation fee (£260) and other lending fees (£125).

The overall cost for comparison is 5.2% APRC representative.

What is a Representative Example?

Representative Examples include the costs associated with a typical mortgage from the Cumberland. They do not take into account the information your have input into this mortgage calculator and are therefore not specific to your circumstances. For a Key Facts Illustration, please contact us directly.

Up to 75% Up to 75% 3.08% 3.08% 5.3% APRC 5.3% APRC 2.57% 5.65% £995 Find out
Include Arrangement Fee Include Arrangement Fee More Less
  • Include Arrangement Fee - You can add the Arrangement Fee to your mortgage
  • Can repay lump sums without any early repayment charge (up to 10% per annum each financial year (1 April - 31 March) of the outstanding balance as at 1 April each year) - full details will be found in your KFI and mortgage offer
  • Will have to pay an early-repayment charge (2.00% before the end of year 1 and 1.00% before the end of year 2 of the amount repaid) if you repay all or part of your mortgage before the end of the deal
  • Can add the arrangement fee to your mortgage, subject to maximum LTV.
Representative Example:

A mortgage of £112,500 payable over 20 years initially on this variable rate product for 2 years at 3.08% and then on the Cumberland Buy-To-Let Standard Variable Rate (BTL SVR), currently 5.65% for the remaining term of the mortgage, would require 24 monthly payments of £628.44 and 216 monthly payments of £768.91.

The total amount payable would be £182,547 made up of the loan amount plus interest (£68,667), arrangement fee (£995), valuation fee (£260) and other lending fees (£125).

The overall cost for comparison is 5.3% APRC representative.

What is a Representative Example?

Representative Examples include the costs associated with a typical mortgage from the Cumberland. They do not take into account the information your have input into this mortgage calculator and are therefore not specific to your circumstances. For a Key Facts Illustration, please contact us directly.

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2 YEAR DISCOUNT

Your interest rate tracks the Cumberland Buy-To-Let Standard Variable Rate (BTL SVR), currently 5.65%, less the discount shown for the first 2 years, followed by the BTL SVR until the end of the mortgage.

Loan To Value Initial interest rate for 2 years Overall cost for comparison Discount from BTL SVR Follow on rate Fee
Up to 60% Up to 60% 2.64% 2.64% 5.2% APRC 5.2% APRC 3.01% 5.65% £995 Find out
Include Arrangement Fee Include Arrangement Fee More Less
  • Include Arrangement Fee - You can add the Arrangement Fee to your mortgage
  • Can repay lump sums without any early repayment charge (up to 10% per annum each financial year (1 April - 31 March) of the outstanding balance as at 1 April each year) - full details will be found in your KFI and mortgage offer
  • Will have to pay an early-repayment charge (2.00% before the end of year 1 and 1.00% before the end of year 2 of the amount repaid) if you repay all or part of your mortgage before the end of the deal
  • Can add the arrangement fee to your mortgage, subject to maximum LTV.
Representative Example:

A mortgage of £112,500 payable over 20 years initially on this variable rate product for 2 years at 2.64% and then on the Cumberland Buy-To-Let Standard Variable Rate (BTL SVR), currently 5.65% for the remaining term of the mortgage, would require 24 monthly payments of £603.84 and 216 monthly payments of £766.14.

The total amount payable would be £181,358 made up of the loan amount plus interest (£67,478), arrangement fee (£995), valuation fee (£260) and other lending fees (£125).

The overall cost for comparison is 5.2% APRC representative.

What is a Representative Example?

Representative Examples include the costs associated with a typical mortgage from the Cumberland. They do not take into account the information your have input into this mortgage calculator and are therefore not specific to your circumstances. For a Key Facts Illustration, please contact us directly.

Up to 75% Up to 75% 3.08% 3.08% 5.3% APRC 5.3% APRC 2.57% 5.65% £995 Find out
Include Arrangement Fee Include Arrangement Fee More Less
  • Include Arrangement Fee - You can add the Arrangement Fee to your mortgage
  • Can repay lump sums without any early repayment charge (up to 10% per annum each financial year (1 April - 31 March) of the outstanding balance as at 1 April each year) - full details will be found in your KFI and mortgage offer
  • Will have to pay an early-repayment charge (2.00% before the end of year 1 and 1.00% before the end of year 2 of the amount repaid) if you repay all or part of your mortgage before the end of the deal
  • Can add the arrangement fee to your mortgage, subject to maximum LTV.
Representative Example:

A mortgage of £112,500 payable over 20 years initially on this variable rate product for 2 years at 3.08% and then on the Cumberland Buy-To-Let Standard Variable Rate (BTL SVR), currently 5.65% for the remaining term of the mortgage, would require 24 monthly payments of £628.44 and 216 monthly payments of £768.91.

The total amount payable would be £182,547 made up of the loan amount plus interest (£68,667), arrangement fee (£995), valuation fee (£260) and other lending fees (£125).

The overall cost for comparison is 5.3% APRC representative.

What is a Representative Example?

Representative Examples include the costs associated with a typical mortgage from the Cumberland. They do not take into account the information your have input into this mortgage calculator and are therefore not specific to your circumstances. For a Key Facts Illustration, please contact us directly.

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Where We Lend

We provide mortgages on properties throughout England, Scotland and Wales. Some of our mortgages are only available on properties in our branch operating area.

Our operating area is Cumbria (all CA and LA postcodes), South-West Scotland (all DG postcodes and TD9), West Northumberland (NE45-49) and North Lancashire (all PR, FY, LA AND BB1-3 and BB5-7).

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OUR BUY-TO-LET CRITERIA

  • Properties can be freehold, or leasehold with a minimum of 85 years left on the lease at the start of the mortgage
  • Interest Only mortgages secured on leasehold properties must have at least 50 years of the lease left after the mortgage ends
  • You must own your own residential property (mortgaged or owned outright)
  • Annual earned income for all applicants combined must exceed £25,000 for properties within our operating area and £50,000 outside our operating area
  • Maximum mortgage term 30 years
  • Annual rental income should be a minimum of 145% of the annual mortgage interest at a rate of 5.5% or 2% above the mortgage rate you are paying, whichever is higher
  • You must have cash savings or other assets to cover a minimum of 3 months mortgage payments
  • You must also have a tenancy agreement in place; Assured Shorthold Tenancy for England and Wales or a Private Residential Tenancy in Scotland
  • Your property must have an Energy Performance Certificate rating of E or higher or a suitable exemption

NOT ELIGIBLE

  • Former council flats, flats which form part of a mixed use block, properties with multiple occupancy and student lets
  • Flats/apartments in a block with more than 20 properties, exceeding more than 4 storeys and /or located above commercial premises
  • Applications for properties where tenants’ rent is funded by The Department of Work and Pensions
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