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BUY TO LET MORTGAGES

Make the most of your rental property by getting a great Buy to Let mortgage

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Important information about Buy to Let

  • The Buy to Let rates shown below are for new borrowers, and are available for purchases (including First Time Landlords) and remortgages. Rates correct as of 12/10/2018.
  • Please check our lending criteria to make sure you meet the requirements for a Buy to Let mortgage.

A 'RECEIVER OF RENT' MAY BE APPOINTED AND/OR THE PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE


 Our Buy to Let Mortgages

After the initial rate period, all of our mortgages revert to the Bank of England Base Rate (currently 0.75%) plus 4.49% for the rest of the term

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40% deposit (60% loan to value)

Compare our fixed rate 60% mortgages

2 year fixed

until 30/11/2020

with additional benefits

Product fee
£995
Initial rate
1.69%
Overall cost for comparison
4.6% APRC

Early repayment details

If you fully repay your mortgage before the end of your agreed term, you will pay:

  • 3% of the sum repaid until 30/11/2019
  • 2% of the sum repaid until 30/11/2020

Overpayment details

You can overpay up to 10% of your outstanding mortgage balance each year without incurring any charges.

Followed By Rate

Bank of England Base Rate (currently 0.75%) plus 4.49% for the rest of the term.

Additional benefits

  • Standard Valuation fee paid by Lender
  • Remortgagers also have standard legal fees paid by Lender

Still unsure? Call us

0800 707 6206
  • 8.30am - 7.30pm Monday - Friday
  • 9am - 1.30pm Saturday
  • Closed on Sundays

2 year fixed

until 30/11/2020

with additional benefits and cashback

Product fee
£0
Initial rate
2.31%
Overall cost for comparison
4.7% APRC

Early repayment details

If you fully repay your mortgage before the end of your agreed term, you will pay:

  • 3% of the sum repaid until 30/11/2019
  • 2% of the sum repaid until 30/11/2020

Overpayment details

You can overpay up to 10% of your outstanding mortgage balance each year without incurring any charges.

Followed By Rate

Bank of England Base Rate (currently 0.75%) plus 4.49% for the rest of the term.

Notes and additional benefits

  • £300 cashback paid to solicitor with advance
  • Standard valuation fee paid by lender
  • Minimum loan £50,000

Still unsure? Call us

0800 707 6206
  • 8.30am - 7.30pm Monday - Friday
  • 9am - 1.30pm Saturday
  • Closed on Sundays

3 year fixed

until 30/11/2021

with additional benefits

Product fee
£995
Initial rate
2.15%
Overall cost for comparison
4.4% APRC

Early repayment details

If you fully repay your mortgage before the end of your agreed term, you will pay:

  • 3% of the sum repaid until 30/11/2020
  • 2% of the sum repaid until 30/11/2021

Overpayment details

You can overpay up to 10% of your outstanding mortgage balance each year without incurring any charges.

Followed By Rate

Bank of England Base Rate (currently 0.75%) plus 4.49% for the rest of the term.

Additional benefits

  • Standard valuation fee paid by Lender
  • Remortgagers also have standard legal fees paid by the Lender

Still unsure? Call us

0800 707 6206
  • 8.30am - 7.30pm Monday - Friday
  • 9am - 1.30pm Saturday
  • Closed on Sundays

5 year fixed

until 30/11/2023

with additional benefits

Product fee
£1,495
Initial rate
2.50%
Overall cost for comparison
4.3% APRC

Early repayment details

If you fully repay your mortgage before the end of your agreed term, you will pay:

  • 4% of the sum repaid until 30/11/2020
  • 3% of the sum repaid until 30/11/2022
  • 2% of the sum repaid until 30/11/2023

Overpayment details

You can overpay up to 10% of your outstanding mortgage balance each year without incurring any charges.

Followed By Rate

Bank of England Base Rate (currently 0.75%) plus 4.49% for the rest of the term.

Additional benefits

  • Standard Valuation fee paid by the Lender

Still unsure? Call us

0800 707 6206
  • 8.30am - 7.30pm Monday - Friday
  • 9am - 1.30pm Saturday
  • Closed on Sundays

5 year fixed

until 30/11/2023

With additional benefits

Product fee
£0
Initial rate
2.72%
Overall cost for comparison
4.1% APRC

Early repayment details

If you fully repay your mortgage before the end of your agreed term, you will pay:

  • 4% of the sum repaid until 30/11/2020
  • 3% of the sum repaid until 30/11/2022
  • 2% of the sum repaid until 30/11/2023

Overpayment details

You can overpay up to 10% of your outstanding mortgage balance each year without incurring any charges.

Followed By Rate

Bank of England Base Rate (currently 0.75%) plus 4.49% for the rest of the term.

Additional benefits

  • Standard Valuation fee paid by the Lender
  • Remortgagers also have standard legal fees paid by the Lender

Still unsure? Call us

0800 707 6206
  • 8.30am - 7.30pm Monday - Friday
  • 9am - 1.30pm Saturday
  • Closed on Sundays
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30% deposit (70% loan to value)

Compare our fixed rate 70% mortgages

2 year fixed

until 30/11/2020

With additional benefits

Product fee
£1,495
Initial rate
1.60%
Overall cost for comparison
4.8% APRC

Early repayment details

If you fully repay your mortgage before the end of your agreed term, you will pay:

  • 3% of the sum repaid until 30/11/2019
  • 2% of the sum repaid until 30/11/2020

Overpayment details

You can overpay up to 10% of your outstanding mortgage balance each year without incurring any charges.

Followed By Rate

Bank of England Base Rate (currently 0.75%) plus 4.49% for the rest of the term.

Additional benefits

  • Standard valuation fee paid by the Lender

Still unsure? Call us

0800 707 6206
  • 8.30am - 7.30pm Monday - Friday
  • 9am - 1.30pm Saturday
  • Closed on Sundays

2 year fixed

until 30/11/2020

With additional benefits

Product fee
£0
Initial rate
2.33%
Overall cost for comparison
4.7% APRC

Early repayment details

If you fully repay your mortgage before the end of your agreed term, you will pay:

  • 3% of the sum repaid until 30/11/2019
  • 2% of the sum repaid until 30/11/2020

Overpayment details

You can overpay up to 10% of your outstanding mortgage balance each year without incurring any charges.

Followed By Rate

Bank of England Base Rate (currently 0.75%) plus 4.49% for the rest of the term.

Additional benefits

  • Standard Valuation fee paid by the Lender
  • Remortgagers also have standard legal fees paid by the Lender

Still unsure? Call us

0800 707 6206
  • 8.30am - 7.30pm Monday - Friday
  • 9am - 1.30pm Saturday
  • Closed on Sundays

5 year fixed

until 30/11/2023

Product fee
£995
Initial rate
2.39%
Overall cost for comparison
4.2% APRC

Early repayment details

If you fully repay your mortgage before the end of your agreed term, you will pay:

  • 4% of the sum repaid until 30/11/2020
  • 3% of the sum repaid until 30/11/2022
  • 2% of the sum repaid until 30/11/2023

Overpayment details

You can overpay up to 10% of your outstanding mortgage balance each year without incurring any charges.

Followed By Rate

Bank of England Base Rate (currently 0.75%) plus 4.49% for the rest of the term.

Still unsure? Call us

0800 707 6206
  • 8.30am - 7.30pm Monday - Friday
  • 9am - 1.30pm Saturday
  • Closed on Sundays

5 year fixed

until 30/11/2023

With additional benefits

Product fee
£995
Initial rate
2.50%
Overall cost for comparison
4.1% APRC

Early repayment details

If you fully repay your mortgage before the end of your agreed term, you will pay:

  • 4% of the sum repaid until 30/11/2020
  • 3% of the sum repaid until 30/11/2022
  • 2% of the sum repaid until 30/11/2023

Overpayment details

You can overpay up to 10% of your outstanding mortgage balance each year without incurring any charges.

Followed By Rate

Bank of England Base Rate (currently 0.75%) plus 4.49% for the rest of the term.

Additional benefits

  • Standard valuation fee paid by the Lender
  • Remortgagers also have standard legal fees paid by the Lender

Still unsure? Call us

0800 707 6206
  • 8.30am - 7.30pm Monday - Friday
  • 9am - 1.30pm Saturday
  • Closed on Sundays
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25% deposit (75% loan to value)

Compare our fixed rate 75% mortgages

2 year fixed

until 30/11/2020

With additional benefits

Product fee
£1,495
Initial rate
1.69%
Overall cost for comparison
4.8% APRC

Early repayment details

If you fully repay your mortgage before the end of your agreed term, you will pay:

  • 3% of the sum repaid until 30/11/2019
  • 2% of the sum repaid until 30/11/2020

Overpayment details

You can overpay up to 10% of your outstanding mortgage balance each year without incurring any charges.

Followed By Rate

Bank of England Base Rate (currently 0.75%) plus 4.49% for the rest of the term.

Additional benefits

  • Standard valuation fee paid by Lender

Still unsure? Call us

0800 707 6206
  • 8.30am - 7.30pm Monday - Friday
  • 9am – 1:30pm Saturday
  • Closed on Sundays

2 year fixed

until 30/11/2020

With additional benefits

Product fee
£995
Initial rate
1.78%
Overall cost for comparison
4.7% APRC

Early repayment details

If you fully repay your mortgage before the end of your agreed term, you will pay:

  • 3% of the sum repaid until 30/11/2019
  • 2% of the sum repaid until 30/11/2020

Overpayment details

You can overpay up to 10% of your outstanding mortgage balance each year without incurring any charges.

Followed By Rate

Bank of England Base Rate (currently 0.75%) plus 4.49% for the rest of the term.

Additional benefits

  • Standard valuation fee paid by Lender
  • Remortgagers also have standard legal fees paid by the Lender

Still unsure? Call us

0800 707 6206
  • 8.30am - 7.30pm Monday - Friday
  • 9am – 1:30pm Saturday
  • Closed on Sundays

2 year fixed

until 30/11/2020

With additional benefits and cashback

Product fee
£0
Initial rate
2.58%
Overall cost for comparison
4.8% APRC

Early repayment details

If you fully repay your mortgage before the end of your agreed term, you will pay:

  • 3% of the sum repaid until 30/11/2019
  • 2% of the sum repaid until 30/11/2020

Overpayment details

You can overpay up to 10% of your outstanding mortgage balance each year without incurring any charges.

Followed By Rate

Bank of England Base Rate (currently 0.75%) plus 4.49% for the rest of the term.

Notes and additional benefits

  • Standard valuation fee paid by Lender
  • £500 cashback paid to solicitor with advance
  • Minimum loan £50,000

Still unsure? Call us

0800 707 6206
  • 8.30am - 7.30pm Monday - Friday
  • 9am – 1:30pm Saturday
  • Closed on Sundays

5 year fixed

until 30/11/2023

With additional benefits

Product fee
£995
Initial rate
2.53%
Overall cost for comparison
4.2% APRC

Early repayment details

If you fully repay your mortgage before the end of your agreed term, you will pay:

  • 4% of the sum repaid until 30/11/2020
  • 3% of the sum repaid until 30/11/2022
  • 2% of the sum repaid until 30/11/2023

Overpayment details

You can overpay up to 10% of your outstanding mortgage balance each year without incurring any charges.

Followed By Rate

Bank of England Base Rate (currently 0.75%) plus 4.49% for the rest of the term.

Additional benefits

  • Standard valuation fee paid by Lender

Still unsure? Call us

0800 707 6206
  • 8.30am - 7.30pm Monday - Friday
  • 9am – 1:30pm Saturday
  • Closed on Sundays

5 year fixed

until 30/11/2023

With additional benefits

Product fee
£995
Initial rate
2.57%
Overall cost for comparison
4.1% APRC

Early repayment details

If you fully repay your mortgage before the end of your agreed term, you will pay:

  • 4% of the sum repaid until 30/11/2020
  • 3% of the sum repaid until 30/11/2022
  • 2% of the sum repaid until 30/11/2023

Overpayment details

You can overpay up to 10% of your outstanding mortgage balance each year without incurring any charges.

Followed By Rate

Bank of England Base Rate (currently 0.75%) plus 4.49% for the rest of the term.

Additional benefits

  • Standard valuation fee paid by Lender
  • Remortgagers also have standard legal fees paid by the Lender

Still unsure? Call us

0800 707 6206
  • 8.30am - 7.30pm Monday - Friday
  • 9am – 1:30pm Saturday
  • Closed on Sundays

5 year fixed

until 30/11/2023

With additional benefits and cashback

Product fee
£995
Initial rate
2.63%
Overall cost for comparison
4.3% APRC

Early repayment details

If you fully repay your mortgage before the end of your agreed term, you will pay:

  • 4% of the sum repaid until 30/11/2020
  • 3% of the sum repaid until 30/11/2022
  • 2% of the sum repaid until 30/11/2023

Overpayment details

You can overpay up to 10% of your outstanding mortgage balance each year without incurring any charges.

Followed By Rate

Bank of England Base Rate (currently 0.75%) plus 4.49% for the rest of the term.

Additional benefits

  • £400 cashback paid to solicitor with advance
  • Standard valuation fee paid by Lender
  • Minimum Loan £50,000

Still unsure? Call us

0800 707 6206
  • 8.30am - 7.30pm Monday - Friday
  • 9am – 1:30pm Saturday
  • Closed on Sundays

5 year fixed

until 30/11/2023

With additional benefits

Product fee
£0
Initial rate
2.77%
Overall cost for comparison
4.1% APRC

Early repayment details

If you fully repay your mortgage before the end of your agreed term, you will pay:

  • 4% of the sum repaid until 30/11/2020
  • 3% of the sum repaid until 30/11/2022
  • 2% of the sum repaid until 30/11/2023

Overpayment details

You can overpay up to 10% of your outstanding mortgage balance each year without incurring any charges.

Followed By Rate

Bank of England Base Rate (currently 0.75%) plus 4.49% for the rest of the term.

Notes and additional benefits

  • Standard valuation fee paid by Lender
  • Remortgagers also have standard legal fees paid by the Lender

Still unsure? Call us

0800 707 6206
  • 8.30am - 7.30pm Monday - Friday
  • 9am – 1:30pm Saturday
  • Closed on Sundays
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How much can I borrow?

Use our simple calculator to see how much you could borrow based on your current circumstances.

Our mortgages

View our full range of mortgages and find one that suits your needs.

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Definitions

Approval in Principle (AIP)

An AIP indicates how much you could borrow based on the information you have provided, it performs various criteria and credit reference agency checks, and gives a conditional decision to lend based on its findings.

Annual Percentage Rate of Charge (APRC)

Annual Percentage Rate of Charge - this shows the overall cost of borrowing, taking into account the term, interest rate and other costs.

Higher Lending Charge

A fee which may be charged if the amount borrowed is more than a given percentage of the value of the property. The lender will use the fee for an insurance policy to protect them against financial loss in the event of a borrower not meeting their mortgage payments. The fee is usually payable in full up front. You may be liable for any mortgage shortfall debt if after possession the sale proceeds are not enough to repay your outstanding debt. Choose a Post Office Money mortgage and the Higher Lending Charge is paid by the lender for mortgages above 75% LTV. No Higher Lending Charge is payable for mortgages up to 75% LTV. See the Lending Criteria for more information.

Loan to Value (LTV)

It’s the amount of mortgage expressed as a percentage of the value of the property or purchase price, whichever is lower. For example, a mortgage of £80,000 on a purchase price of £100,000 would be 80% LTV. If the valuation of the property is lower than the price you've agreed, the LTV will be based on the valuation.

No product fee

There is no product fee to pay. This is ideal if you do not want to pay a product fee or add one to your mortgage.

Overall cost for comparison

The total cost of a loan, including interest charges and product fees, shown as a percentage rate. The calculation assumes that you keep the mortgage for the full term. APRC is the industry standard calculation and allows you to directly compare mortgages from all lenders.

Product fee / Standard legal fees

Product fee: This is a fee charged on some mortgages as part of the product. It can be paid upfront or added to the loan. If you add it to your mortgage it will increase your outstanding balance and interest will be charged for the duration of the mortgage.

Standard legal fees: If your mortgage states that standard legal fees are paid by the lender, the lender will pay the fees if you use their nominated solicitors. Terms and conditions apply, additional legal work may incur additional fees, please refer to the General Lending Criteria for full details.

Standard valuation

Also known as a lender's valuation, this is a basic assessment that’s carried out on a property to establish its condition and value. If your mortgage states that valuation fee is paid by the lender, the lender will pay for one standard valuation on the application. You can upgrade to a full HomeBuyer survey for an additional fee.

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Contact us or apply

Apply online with advice

We will give you a call during the application process to make sure this product is right for you.

Arrange a call back

Select a time that suits you and we'll give you a callback

Call us on

0800 707 6206
We are available 8.30am - 7.30pm Mon - Fri and 9.00am - 1.30pm Sat
Closed on Sundays

Small print

Please note our online mortgage application is only compatible with Internet Explorer 9+, Google Chrome 34+, Firefox 28+, Safari 5 and 7 web browsers and is not optimised for mobile phones.Subject to status and lending criteria. Written illustrations available upon request. Borrowers must be aged 18 or over.

 

Post Office Money® Mortgages are provided by Bank of Ireland (UK) plc. Post Office Limited is an appointed representative of Bank of Ireland (UK) plc which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Post Office Limited is registered in England and Wales. Registered Number: 2154540. Registered Office: Finsbury Dials, 20 Finsbury Street, London, EC2Y 9AQ. Post Office Money® and the Post Office Money® logo are registered trademarks of Post Office Limited. Our FCA Register Number is 409080. You can confirm our registration on the FCA's website (www.fca.org.uk) or by contacting the FCA on 0800 111 6768.

Post Office Money Mortgages are provided by Bank of Ireland UK (BOI UK) who is a member of the Council of Mortgage Lenders (CML). BOI UK operates within the provisions of the CML’s Buy to Let statement of practice.

 

Bank of Ireland does not provide any recommendation or advice in relation to Buy to Let mortgages. The affordability of a Buy to Let loan is primarily based on the expected monthly income generated from letting the property to a tenant. The actual income generated may be different and can be influenced over time by changes within the rental market. You will remain responsible for meeting the costs of your loan and the additional costs associated with letting the property.It is important that you have reviewed the products above in full before progressing with an online application.