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If you’re considering becoming a buy to let landlord or looking to expand or improve your current portfolio, there’s a lot to consider.

At The Mansfield we offer fixed rate and discounted variable rate Buy to Let mortgage products for landlords throughout England, Wales and Scotland*. Our Buy to Let lending falls into 3 main areas:

  • Standard Buy to Let – existing professional landlords operating a buy to let portfolio as a business, including via a Special Purpose Vehicle (SPV) Limited Company in England and Wales (a non-trading company that exists solely for buying, selling and letting property). In these circumstances, the mortgage is not regulated by the Financial Conduct Authority (FCA).
  • Regulated ‘Family’ Buy to Let – where property is let to a close relative (i.e. spouse or civil partner, children, parents, brothers and sisters) or the borrower intends to occupy the property at a future date. The mortgage will be regulated by the FCA.
  • Consumer Buy to Let – where the borrower(s) has acquired or already owns the property and is deemed not to be acting predominantly for business purposes (e.g. where someone has inherited a property and lets it out). Consumer Buy to Let mortgages are regulated by the Financial Conduct Authority under the Mortgage Credit Directive Order 2015.

If you are looking to purchase or remortgage a holiday let in England and Wales, we have a dedicated web page available for holiday let mortgages.

Please see our available Buy to Let mortgages below.

*Buy to Let lending in Scotland excludes Limited Company Buy to Let and Holiday Let mortgages, which are available in England and Wales only. Postcode restrictions apply in Scotland, please see our Important Information – Buy to Let Mortgages guide from the product details to find out more.

We have 9 products available

2 Year Discounted Variable Rate Limited Company Holiday Buy to Let – DIB084

Term 2 years
Initial Rate1 6.45% variable
Overall Cost For Comparison2 8.7% APRC
MAX LTV3 75%
Early Repayment Charge 2% in year one, followed by 1% in year two
Product Fees £199 application fee, £1,499 completion fee
 
See Representative Example
  • The £199 Application Fee is non-refundable and payable at the point of application
  • The Completion Fee can be paid before completion or added to the loan. If the Completion Fee is added to the loan amount, interest will be charged on the amount of the fee and this will be reflected in the monthly repayment over the term of the mortgage

A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.

Fee Amount
Rate
Value of the fee with interest at 10 years
Value of the fee with interest at 15 years
Value of the fee with interest at 25 years
£1,000 8.89% £1,889.00 £2,333.50 £3,222.50
More details

Family Buy to Let 2 Year Discounted Variable Rate – DIB083

Term 2 years
Initial Rate1 6.19% variable
Overall Cost For Comparison2 8.6% APRC
MAX LTV3 75%
Early Repayment Charge 2% in Year 1, 1% in Year 2
Product Fees £199 application fee, £999 completion fee
 
See Representative Example
  • The £199 Application Fee is non-refundable and payable at the point of application
  • The Completion Fee can be paid before completion or added to the loan. If the Completion Fee is added to the loan amount, interest will be charged on the amount of the fee and this will be reflected in the monthly repayment over the term of the mortgage

A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.

Fee Amount
Rate
Value of the fee with interest at 10 years
Value of the fee with interest at 15 years
Value of the fee with interest at 25 years
£1,000 8.89% £1,889.00 £2,333.50 £3,222.50

 

More details

Family Buy to Let Fixed Rate until 13 April 2029 – XIB055

Term Fixed until 13 April 2029
Initial Rate1 5.99%
Overall Cost For Comparison2 8.0% APRC
MAX LTV3 75%
Early Repayment Charge 3% until 13 April 2027, then 2% until 13 April 2028 and then 1% until 13 April 2029
Product Fees £199 application fee, £999 completion fee
 
See Representative Example
  • The £199 Application Fee is non-refundable and payable at the point of application
  • The Completion Fee can be paid before completion or added to the loan. If the Completion Fee is added to the loan amount, interest will be charged on the amount of the fee and this will be reflected in the monthly repayment over the term of the mortgage

A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.

Fee Amount
Rate
Value of the fee with interest at 10 years
Value of the fee with interest at 15 years
Value of the fee with interest at 25 years
£1,000 8.89% £1,889.00 £2,333.50 £3,222.50

 

More details

Light Refurb Buy to Let 2 Year Discounted Variable Rate – DIB081

Term 2 years
Initial Rate1 6.39% variable
Overall Cost For Comparison2 8.8% APRC
MAX LTV3 75%
Early Repayment Charge 2% in Year 1, 1% in Year 2
Product Fees £199 application fee, 1% completion fee
 
See Representative Example
  • The £199 Application Fee is non-refundable and payable at the point of application
  • The Completion Fee can be paid before completion or added to the loan. If the Completion Fee is added to the loan amount, interest will be charged on the amount of the fee and this will be reflected in the monthly repayment over the term of the mortgage

A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.

Fee Amount
Rate
Value of the fee with interest at 10 years
Value of the fee with interest at 15 years
Value of the fee with interest at 25 years
£1,000 8.89% £1,889.00 £2,333.50 £3,222.50
More details

2 Year Discounted Variable Rate Buy to Let – DIB073

Term 2 years
Initial Rate1 5.79% variable
Overall Cost For Comparison2 8.7% APRC
MAX LTV3 75%
Early Repayment Charge 2% in Year 1, 1% in Year 2
Product Fees £199 application fee, 1% completion fee
 
See Representative Example
  • The £199 Application Fee is non-refundable and payable at the point of application
  • The Completion Fee can be paid before completion or added to the loan. If the Completion Fee is added to the loan amount, interest will be charged on the amount of the fee and this will be reflected in the monthly repayment over the term of the mortgage

A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.

Fee Amount
Rate
Value of the fee with interest at 10 years
Value of the fee with interest at 15 years
Value of the fee with interest at 25 years
£1,000 8.89% £1,889.00 £2,333.50 £3,222.50
More details

Expat Holiday Buy to Let 2 Year Discounted Variable Rate – DIB079

Term 2 years
Initial Rate1 6.39% variable
Overall Cost For Comparison2 8.6% APRC
MAX LTV3 75%
Early Repayment Charge 2% in Year 1, 1% in Year 2
Product Fees £199 application fee, 1% completion fee
 
See Representative Example
  • The £199 Application Fee is non-refundable and payable at the point of application
  • The Completion Fee can be paid before completion or added to the loan. If the Completion Fee is added to the loan amount, interest will be charged on the amount of the fee and this will be reflected in the monthly repayment over the term of the mortgage

A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.

 

Fee Amount
Rate
Value of the fee with interest at 10 years
Value of the fee with interest at 15 years
Value of the fee with interest at 25 years
£1,000 8.89% £1,889.00 £2,333.50 £3,222.50
More details

2 Year Discounted Variable Rate Holiday Buy to Let – DIB078

Term 2 years
Initial Rate1 6.29% variable
Overall Cost For Comparison2 8.8% APRC
MAX LTV3 75%
Early Repayment Charge 2% in Year 1, 1% in Year 2
Product Fees £199 application fee, 1% completion fee
 
See Representative Example
  • The £199 Application Fee is non-refundable and payable at the point of application
  • The Completion Fee can be paid before completion or added to the loan. If the Completion Fee is added to the loan amount, interest will be charged on the amount of the fee and this will be reflected in the monthly repayment over the term of the mortgage

A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.

Fee Amount
Rate
Value of the fee with interest at 10 years
Value of the fee with interest at 15 years
Value of the fee with interest at 25 years
£1,000 8.49% £1,849.00 £2,273.50 £3,122.50
More details

Expat Buy to Let 2 Year Discounted Variable Rate – DIB076

Term 2 years
Initial Rate1 5.89% variable
Overall Cost For Comparison2 8.8% APRC
MAX LTV3 75%
Early Repayment Charge 2% in Year 1, 1% in Year 2
Product Fees £199 application fee, 1% completion fee
 
See Representative Example
  • The £199 Application Fee is non-refundable and payable at the point of application
  • The Completion Fee can be paid before completion or added to the loan. If the Completion Fee is added to the loan amount, interest will be charged on the amount of the fee and this will be reflected in the monthly repayment over the term of the mortgage

A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.

Fee Amount
Rate
Value of the fee with interest at 10 years
Value of the fee with interest at 15 years
Value of the fee with interest at 25 years
£1,000 8.89% £1,889.00 £2,333.50 £3,222.50
More details

2 Year Discounted Variable Rate Limited Company Buy to Let – DIB071

Term 2 years
Initial Rate1 5.19% variable
Overall Cost For Comparison2 8.8% APRC
MAX LTV3 75%
Early Repayment Charge 2% in year one, followed by 1% in year two
Product Fees £199 application fee, 2.50% completion fee
 
See Representative Example
  • The £199 Application Fee is non-refundable and payable at the point of application
  • The Completion Fee can be paid before completion or added to the loan. If the Completion Fee is added to the loan amount, interest will be charged on the amount of the fee and this will be reflected in the monthly repayment over the term of the mortgage

A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.

Fee Amount
Rate
Value of the fee with interest at 10 years
Value of the fee with interest at 15 years
Value of the fee with interest at 25 years
£1,000 8.89% £1,889.00 £2,333.50 £3,222.50
More details

Definitions

1. Initial Rate

The Initial Rate is the rate available during the initial term of the mortgage. Once the initial rate term has expired, the mortgage will either revert to our Standard Variable Rate (SVR), or a follow-on rate that is a discount off our SVR. Our SVR is set by us and is currently 8.64%, as a variable rate it may go up or down. Our follow-on rate is 1.74% below our SVR (currently 6.90% variable) and will go up or down with changes to our SVR.

2. Overall Cost for Comparison

The Overall Cost for Comparison is given as the Annual Percentage Rate of Charge (APRC) and includes all charges incurred relating to the mortgage. The APRC is intended to help you as a borrower compare the interest rates on different products.

3. Max LTV

Like all other mortgage lenders, we will allow you to borrow against a proportion of the overall property value. This is known as Loan to Value (LTV) and is expressed as a percentage. For example, if you want to purchase a property at £100,000 and you would like to borrow £85,000, then you will need a mortgage available at 85% Loan to Value (LTV). The available LTV can vary depending upon the type of mortgage. Shared Ownership mortgages will offer two percentages under LTV - the proportion of the property value and the proportion of the share being purchased.

Your home may be repossessed if you do not keep up repayments on your mortgage

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*Mansfield Building Society are an introducer to Mortgage 1st for mortgage advice. Mortgage 1st is a trading style of Mortgage First Limited, which is an appointed representative of Stonebridge Mortgage Solutions Ltd, and is authorised and regulated by the Financial Conduct Authority. Mortgage 1st Limited is on the Financial Services Register under firm number 484231.

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