Buy-to-let bulletin Buy-to-let rent ready reckoner TABLE SHOWS MONTHLY RENT (£) REQUIRED PER £1,000 CALCULATED ON AN INTEREST ONLY BASIS.
• How to use the table: Read across the top line for the rate used in the calculation and down the left hand column for the % cover required. Then multiply by the number of £000's in the advance. • Example: a £150,000 advance on a product requiring a rental cover of 125%, calculated at 6.00%, requires a monthly rent of £6.25 x 150 = £937.50.
100% 105% 110% 115% 120% 125% 130% 135% 140%
3.00% £2.50 £2.63 £2.75 £2.88 £3.00 £3.13 £3.25 £3.38 £3.50
3.50% £2.92 £3.07 £3.21 £3.36 £3.50 £3.65 £3.80 £3.94 £4.09
4.00% £3.33 £3.50 £3.66 £3.83 £4.00 £4.16 £4.33 £4.50 £4.66
4.50% £3.75 £3.94 £4.13 £4.31 £4.50 £4.69 £4.88 £5.06 £5.25
5.00% £4.17 £4.38 £4.59 £4.80 £5.00 £5.21 £5.42 £5.63 £5.84
5.50% £4.58 £4.81 £5.04 £5.27 £5.50 £5.73 £5.95 £6.18 £6.41
Guide to property types
• An at-a-glance guide to lenders offering buy-to-let mortgages on properties other than standard post-1945 buildings. • Many lenders will also consider the following additional property types: pre-1920 and 1920 to 1945; thatched; timber framed houses; converted flats and maisonettes. • For products offered via Legal & General Mortgage Club, Pink Home Loans and pms®, please refer to funders’ details.
= Available
R = May be available in specific circumstances - refer to lender
LENDER ABBEY
ACCORD MORTGAGES ALDERMORE
BANK OF CHINA (UK) BANK OF IRELAND (UK) BATH BS
BM SOLUTIONS
RR RR RR RR RR R R
R R
10
RR 3 RR
CHELTENHAM & GLOUCESTER CLYDESDALE BANK COVENTRY BS
CUMBERLAND BS DARLINGTON BS
DUDLEY BS
RR R RR R RR
R
R R R
BUCKINGHAMSHIRE BS R4 CAMBRIDGE BS
R 4 R
RR R 10 RR R
R 4 RR R R
EARL SHILTON BS ECOLOGY BS FURNESS BS
DRAGONFLY PROPERTY FINANCE RR R R R R 7 4
R
GODIVA MORTGAGES HALIFAX
HINCKLEY & RUGBY BS HOLMESDALE BS HSBC
IPSWICH BS LEEDS BS
LEEK UNITED BS
LLOYDS TSB SCOTLAND LOUGHBOROUGH BS MANCHESTER BS
RR 4 RR R 10 RR R 4
R
RR R 4 RR R RR R
R 5
RR R R
R 4
R R
R
RR R RR
R R
R R
R
PROPERTY TYPES = Available
R = May be available in specific circumstances - refer to lender
LENDER MARSDEN BS
MONMOUTHSHIRE BS MORTGAGE TRUST
NATIONAL COUNTIES BS RR R RR R
R R R 4
NATWEST INTERMEDIARY SOLUTIONS RR 8R NATWEST MORTGAGE SERVICES NATWEST OFFSHORE NEWBURY BS
R
R 6
NORTHERN ROCK RR R NORWICH & PETERBOROUGH BS RR R NOTTINGHAM BS
PARAGON MORTGAGES PLATFORM
PRECISE MORTGAGES PRINCIPALITY BS PROGRESSIVE BS RBS INTERNATIONAL
SAFFRON BS SCOTTISH BS SHEPSHED BS SKIPTON BS
RR RR
RR R R
RR R
4 4
15 R 5
ROYAL BANK OF SCOTLAND MTGS DIRECT RR R RR R
RR R
STAFFORD RAILWAY BS TEACHERS BS
THE MORTGAGE WORKS ULSTER BANK VERNON BS
R
WOOLWICH FROM BARCLAYS YORKSHIRE BANK
R
RR
RR R RR
R R 5 6
R
R 4
R R R R
R PROPERTY TYPES
6.00% £5.00 £5.25 £5.50 £5.75 £6.00 £6.25 £6.50 £6.75 £7.00
6.50% £5.42 £5.69 £5.96 £6.23 £6.50 £6.78 £7.05 £7.32 £7.59
7.00% £5.83 £6.12 £6.41 £6.70 £7.00 £7.29 £7.58 £7.87 £8.16
7.50% £6.25 £6.56 £6.88 £7.19 £7.50 £7.81 £8.13 £8.44 £8.75
8.00% £6.67 £7.00 £7.34 £7.67 £8.00 £8.34 £8.67 £9.00 £9.34
8.50% £7.09 £7.44 £7.80 £8.15 £8.51 £8.86 £9.22 £9.57 £9.93
9.00% £7.50 £7.88 £8.25 £8.63 £9.00 £9.38 £9.75
£10.13 £10.50
9.50% £7.92 £8.32 £8.71 £9.11 £9.50 £9.90
£10.30 £10.69 £11.09
RR RR R 4 R R
R R
24
READERS ARE REMINDED THAT BUSINESS MONEYFACTS IS COPYRIGHT
March 2012
Ex local authority Flying freehold
Agricultural restriction Prefabricated Freehold flats Flats
max number of storeys
Flat above shop
Ex local authority Flying freehold
Agricultural restriction Prefabricated Freehold flats Flats
max number of storeys
Flat above shop
BUY-TO-LET MORTGAGES
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