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Home – Buy to Let Products – Green – Buy to Let 2 Year Discount 4.40% variable (2.49% off Landlord Variable Rate) (GB2YRD75)

Green – Buy to Let 2 Year Discount 4.40% variable (2.49% off Landlord Variable Rate)

GBD11 With effect from 01 October 2025

Our Green Mortgage products are available to existing borrowers pledging to use at least 50% of the additional funds for energy efficiency improvements.

Register your interest in green retrofitting through our partner Retrogreen.

Initial Interest Rate
i

2.49% discount off the Society's Landlord Variable Rate for 2 years. In any event, the rate will not go below 2.25%.

4.40% variable
Max Loan to Value (LTV)
i

Maximum loan to value available:

75%
Product Fees
i
Application fee
Free
Completion fee
Free
Free
Overall Cost for Comparison
i

The overall cost for comparison

6.5% APRC representative

YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT.

Fee information

Application fee
Free
Completion fee
Free
Valuation fee
Free where the price or value of the property is £1million or less.
Fees reference table
Early repayment charge
During year 1: 2% of the amount repaid early plus fees During year 2: 1% of the amount repaid early plus fees
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable if you repay any amount in excess of 10% of the mortgage balance in any one year.
Overpayments
Overpayments of up to 10% per year may be made without incurring the early repayment charge.
Mortgage exit admin fee
Free

Representative Example

A Mortgage of
A mortgage of £40,000
Payable term
Payable over 20 years
Initial rate and term
Initially on a discounted variable rate for 2 years of 4.40%
Followed by
Our Landlord Variable Rate of 6.89% for the remaining 18 years
Monthly payments
24 payments of £250.91 followed by 216 payments of £302.52
Total amount payable
The total amount payable would be £71,366.16 made up of the loan amount plus interest (£31,366.16)
Arrangement fee
Free
Mortgage exit administration fee
Free
Valuation fee
Free*
Cost for comparison
6.5% APRC representative

Standard Features

  • Available on properties in England, Scotland and Wales
  • Minimum Loan Amount £20,000, Maximum Loan £100,000
  • Rental income of 125% (145% for higher/additional rate taxpayers) of the mortgage payment at a stressed rate required, except for 5 Year Fixed Rate mortgages (where available) where the interest coverage requirement is 125% (145% for higher/additional rate taxpayers) at pay rate
  • Interest Only Mortgages are available up to a maximum of 75% LTV provided a suitable repayment strategy is in place
  • Normal maximum term 40 years, depending on age limits
  • Interest calculated on a daily basis
  • Applications accepted for advances on private dwelling houses of various types providing they are of Standard Construction
  • No tied insurances
  • Minimum age for applicants 18
  • Portable up to the existing mortgage balance
  • Tariff of charges during the life of any mortgage available on request
  • Available for Additional Borrowing for existing members only
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Advice about letting your property

Buying a rental property is very different from buying a home to live in. It is strongly recommended that you take advice about purchasing property to let or on letting property you already own from an accredited body such as:

  • National Residential Landlords Association
  • Propertymark

Further guidance and information is also available on the governments Money Helper Website

Applying for a mortgage

New Mortgage Enquiry
Name
Name
e.g. Joe
e.g. Smith
e.g. example@example.com
e.g. 07123456789

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