Buy-to-Let Best Buys
Lender
Mortgages for Business / PHL
Mortgages for Business / PHL
Mortgages for Business / Bristol & West
Mortgages for Business / Mortgage Express
Max LTV
75%
85%
85%
85%
Rate
5.45% (5.80% APR)
5.89% (6.30% APR)
5.79% (6.90% APR)
3.99% (6.50% APR)
Mortgage Type
Tracker for the life of the loan (Base + 0.70%)
Tracker for the life of the loan (Base + 1.14%)
3 Year Fixed Rate, reverting to Base + 1.75%
1 Year Fixed Rate, reverting to Base + 1.75%
Fee
£395
£395
£695
£449
Early Repayment Charges
4% in first year, 3% in year two, 2% in year three
4% in first year, 3% in year two, 2% in year three
5% of the redeeming balance in first three years
3% of the redeeming balance in first three years
Notes
£25,001 minimum loan size
£25,001 minimum loan size
Self certification available up to 75% LTV
HMOs acceptable
Commercial Property Investment best buys
Lender
Mortgages for Business / SBLS
Max LTV
85%
Rate
Variable
Mortgage Type
Lifetime tracker – Bank Base Rate + 2.5% to 4%
Fee
1%
Early Repayment Charges
2% in first year, 1% in year two and three, £500 thereafter
Notes
High LTV available of a standardised product
