ibs logo

Give us a call on 0330 123 1073

Monday - Friday 9.00am - 5.00pm

Coronavirus: important information

0330 123 1073

Mon - Thu 9am - 5pm
Fri 9am - 5pm
Sat 9am - 1pm

Buy to Let


For the latest updates and essential information during the COVID-19 pandemic read our FAQs.


More options for your landlord clients.

We can help with purchases and remortgages for properties being let out to tenants, for clients with small portfolios rather than commercial investors. Our discount rate products offer topslicing, so for cases not meeting rental cover requirements we're able to use personal income to make up the shortfall. Whilst we won't lend on BTL to first time buyers we will consider applicant who have previously held a mortgage.

We require 145% rental cover when calculating affordability. For transitional cases, we use 125%.

We require a valid Energy Performance Certificate (EPC) confirming that the property meets the minimum required standards for energy efficiency (rated E or above).

Take a look at our lending criteria for more details.

LOW LOAN Buy to Let 2.70% 2 Year Fixed Rate 80% LTV

About
Fees
Apply
  • FIXED RATE of 2.70% until 30/09/2022 then changing to Ipswich Standard Variable Rate (currently 5.74%)
  • APRC 5.3%
  • For purchase and remortgage up to 80% LTV
  • Maximum loan size £150k

29236, 29237

Completion Fee Application Fee (Payable with application and non-refundable) Valuation Fee (Payable with application) Higher Lending Charge CHAPS (Fee for transfer of funds to solicitor) Maximum Loan Amount
0.5% of the advance £199 Purchase: based on property valuation. Remortgage: FREE (up to max property value £1m) - £35 £150,000

No charge for overpayments of up to 50% of original loan amount
Early repayment charge period ends 30/09/2022
Overpayment of 50% or above - Early Repayment Charge is 3% of the overpayment
Redemption - Early Repayment Charge is 3% of the original loan amount

For remortgage only - fee assisted legals (properties +£1m not permitted)

Maximum loan amount £150k

To apply, please speak to one of our expert Mortgage Consultants, based in Ipswich, on 0330 123 0773 - we're happy to discuss your application over the telephone or, if you'd prefer, we can arrange to meet with you at one of our 9 branches across Suffolk.

In the meantime, you may find it useful to take a look at our mortgage calculator to get an idea of what your monthly payment may be.

To apply for this product visit our Apply and Track section, or give our intermediary sales team a call on 0330 123 1073.

 

 

 

Buy To Let 2.75% 2 Year Fixed Rate 80% LTV

About
Fees
Apply
  • FIXED RATE of 2.75% up until 30/09/2022 then changing to Ipswich Standard Variable Rate (currently 5.74%)
  • 5.3% APRC
  • For purchase and remortgage up to 80% LTV

29232, 29233 (t/s 29234, 29235)

Completion Fee Application Fee (Payable with application and non-refundable) Valuation Fee (Payable with application) Higher Lending Charge CHAPS (Fee for transfer of funds to solicitor) Maximum Loan Amount
£950 £199 Purchase: based on property valuation.Remortgage: FREE up to a maximum property value of £1m. - £35 £500k

No charge for overpayments of up to 50% of original loan amount

Early repayment charge period ends 30/09/2022

Overpayment of 50% or above - early repayment charge is 3% of the overpayment

Redemption - early repayment charge is 3% of the original loan amount

For remortgage only: fee assisted legals (properties +£1m not permitted)

To apply, please speak to one of our expert Mortgage Consultants, based in Ipswich, on 0330 123 0773 - we're happy to discuss your application over the telephone or, if you'd prefer, we can arrange to meet with you at one of our 9 branches across Suffolk.

In the meantime, you may find it useful to look at our mortgage calculator to get an idea of what your monthly payment may be.

This product is available to Ipswich Building Society Prestige intermediaries, selected intermediary partners and intermediaries based in our heartland area.

 

 

 

 

Buy To Let 2.80% 2 Year Discount Rate 80% LTV (Remortgage Only)

About
Fees
Apply
  • VARIABLE RATE currently 5.74% with a discount of 2.94% until 2 years from completion date then changing to Ipswich Standard Variable Rate (currently 5.74%)
  • 5.4% APRC
  • For remortgage up to 80% LTV

24053 (t/s 24056)

Completion Fee Application Fee (Payable with application and non-refundable) Valuation Fee (Payable with application) Higher Lending Charge CHAPS (Fee for transfer of funds to solicitor) Maximum Loan Amount
£950 £199 Based on property valuation. Remortgage: FREE (up to max property value £1m) - £35 £500k

No charge for overpayments of up to 50% of original loan amount

Early repayment charge period ends 2 years from completion date

Overpayment of 50% or above - early repayment charge is 1% of the overpayment

Redemption - early repayment charge is 1% of the original loan amount

For remortgage only: fee assisted legals

To apply, please speak to one of our expert Mortgage Consultants, based in Ipswich, on 0330 123 0773 - we're happy to discuss your application over the telephone or, if you'd prefer, we can arrange to meet with you at one of our 9 branches across Suffolk.

In the meantime, you may find it useful to look at our mortgage calculator to get an idea of what your monthly payment may be.

This product is exclusively available to Ipswich Building Society Prestige intermediaries and selected intermediary partners.

Buy to Let 3.15% 5 Year Fixed Rate 80% LTV

About
Fees
Apply
  • FIXED RATE of 3.15% until 5 years from completion then changing to Ipswich Standard Variable Rate (currently 5.74%)
  • APRC 4.8%
  • For purchase and remortgage up to 80% LTV

29238, 29239

Completion Fee Application Fee (Payable with application and non-refundable) Valuation Fee (Payable with application) Higher Lending Charge CHAPS (Fee for transfer of funds to solicitor) Maximum Loan Amount
£950 £199 Purchase: based on property valuation. Remortgage: FREE (up to max property value £1m) - £35 £500k

No charge for overpayments of up to 50% of original loan amount

Early repayment charge period ends 5 years from completion date

Overpayment of 50% or above - Early Repayment Charge is 5% of the overpayment

Redemption - Early Repayment Charge is 5% of the original loan amount

For remortgage only - fee assisted legals

To apply, please speak to one of our expert Mortgage Consultants, based in Ipswich, on 0330 123 0773 - we're happy to discuss your application over the telephone or, if you'd prefer, we can arrange to meet with you at one of our 9 branches across Suffolk.

In the meantime, you may find it useful to look at our mortgage calculator to get an idea of what your monthly payment may be.

To apply for this product visit our Apply and Track section, or give our intermediary sales team a call on 0330 123 1073.

 

 

 

 

Key features of our buy to let mortgages

  • Top slicing available on discount-rate products
  • Transitional cases calculated on 125% rental cover
  • Maximum term 30 years
  • Loans from £75k up to £500k
  • Non owner occupiers acceptable
  • No more than three properties in the portfolio (including the one being applied for)
X

Menu