Who accepts holiday or student lets?
= Available
R = May be available in specific circumstances - refer to lender
LENDER ABBEY
ALDERMORE = Available
R = May be available in specific circumstances - refer to lender
LENDER
R
BANK OF CHINA (UK) RR BANK OF IRELAND (UK) BATH BS
BUCKINGHAMSHIRE BS CHELTENHAM & GLOUCESTER R CLYDESDALE BANK RR COVENTRY BS
R
DRAGONFLY PROPERTY FIN R EARL SHILTON BS FURNESS BS
GODIVA MORTGAGES LEEDS BS
R R R
LLOYDS TSB SCOTLAND R LOUGHBOROUGH BS MANCHESTER BS NATWEST INT SOLS
Important
The offers on the buy-to-let bulletin pages are available on selected products only. Offers may also be available on some products provided by packagers. For full details, see our buy-to-let data pages.
Three month LIBOR rates Lender MORTGAGE TRUST
PARAGON MORTGAGES PRECISE MORTGAGES
Current rate 1.10%
1.10% 1.06%
Review dates
1st Jan, April, July, Oct 1st Jan, April, July, Oct
12th Mar, June, Sept, Dec
NATWEST MTG SERVICES NATWEST OFFSHORE
NORTHERN BANK (NI) RR NOTTINGHAM BS
PRINCIPALITY BS R
PARAGON MORTGAGES PLATFORM
R R
RBS INTERNATIONAL RBS MORTGAGES DIRECT SCOTTISH BS SHEPSHED BS
R
STAFFORD RAILWAY BS RR THE MORTGAGE WORKS R VERNON BS
R
WOOLWICH from BARCLAYS YORKSHIRE BANK RR
ABBEY
ACCORD MORTGAGES ALDERMORE
BANK OF CHINA (UK) BM SOLUTIONS
CHELTENHAM & GLOUCESTER COVENTRY BS FURNESS BS
GODIVA MORTGAGES HALIFAX LEEDS BS
LLOYDS TSB SCOTLAND MARKET HARBOROUGH BS MARSDEN BS
MONMOUTHSHIRE BS NATIONAL COUNTIES BS
Consistency
Most appearances in last 12 weeks on
eMoneyfacts.co.uk buy-to-let selection pages. To find them, click on Mortgages, then Buy-to-let Mortgages, then Moneyfacts Selections and select one of the options.
1. GODIVA MORTGAGES 2. NOTTINGHAM BS 3. PRINCIPALITY BS
=4. ALDERMORE
=4. BANK OF CHINA (UK) =4. NATWEST INT SOLS
Who offers incentives?
Free or refunded * Contribution towards/ valuation fees
free/refunded * legal fees
NATWEST INTERMEDIARY SOLUTIONS NATWEST MORTGAGE SERVICES NEWBURY BS
NORTHERN ROCK NOTTINGHAM BS PLATFORM
PRINCIPALITY BS
ROYAL BANK OF SCOTLAND MTGS DIRECT SAFFRON BS SCOTTISH BS SKIPTON BS
THE MORTGAGE WORKS Islamic buy-to-let home finance Ahli United Bank (UK) plc 0800 783 3323 Buy-to-let Shariah compliant ‘AL Manzil Home Purchase Plans.’
Murabaha - first payment must be at least 35% of property value. Remainder of original purchase price, plus bank’s admin costs, expenses and profit margin repaid by fixed monthly payments. No Overpayments. Term 5-15 years. Ijara (repayment) - unlimited lump sum payments yearly in March of each year. Full payment of outstanding balance at any point. Fixed profit margins throughout the term. Term 8-25 years. Ijara (rent only) - monthly rent payments only, with outstanding capital payable at the end of the term. No overpayments. Fixed profit margins throughout the term. Term max 5 years.
Available to first time buyers: Yes Available to self-c
Minimum advance: £100K certification applicants: No Finance-tto-v value limits: Max 65%
and or income multiples of 2.5 x 1st + 1 x 2nd or 2 x joint Minimum purchase price: £155K
Term: Varies according to product (see above) Maximum portfolio size: Any number of properties Fee: 0.75% - 1.25% of advance Maximum total advance: £10m Income calculation: Rental income min 130% gross or 115% net (minus void periods, service charge, ground rent etc) of repayment calculated at pay rate ERC: Murabaha - yes, based on percentage of outstanding balance. Ijara - decided on a case by case basis Lends in England & Wales
Cash rebates
Purch Rmtg Purch Rmtg Purch Rmtg
Islamic Bank of Britain
0121 456 7842
Buy-to-let Shariah compliant Purchase Plan. Product works on co-ownership and lease basis (Diminishing Mushrakah and Ijara) Available to first time buyers: Yes (max 65%)Minimum advance: £100K Available to self-c
certification applicants: No Loan-tto-v Minimum purchase price: £100K value limits: 75% Term: 7 to 30 years Maximum portfolio size: 5 properties Maximum total advance: £2.5m
Income calculation: Rental calculation is 120% of monthly payment (no rental rate option). Proof of minimum income of £25K required. Fee: 1% of advance
ERC: no penalty
Lends in England and Wales
United National Bank Ltd
020 7290 8000 For direct business only
Buy-to-let Shariah compliant finance Home Purchase Plan (Ijara). Variable rates available Available to first time buyers: Yes Available to self-c
Minimum advance: Negotiable certification applicants: No Finance-tto-v Minimum purchase price: None value limits: 70% to negotiable Term: 2 to 25 years
Lends in Great Britain & Northern Ireland
Maximum portfolio size: 3 properties Maximum total advance: Negotiable Income calculation: Rental income min 150% of repayment calculated at pay rate Fee: 1% of advance
ERC: 1st year: £3K
March 2012
READERS ARE REMINDED THAT BUSINESS MONEYFACTS IS COPYRIGHT
21
BUY-TO-LET MORTGAGES
Holiday lets Student lets
Holiday lets Student lets
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124