Offset Buy to Let Mortgages

Buy to Let clients may wish to make use of their own or their family's savings with an offset mortgage.

Offset savings reduce the amount of interest charged on the mortgage. Other things being equal this increases net profit (the tax charged on this higher figure will be more as a result) and can increase overall cashflow received from letting.

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3.14% 2 year Discounted Rate Offset Mortgage

 Code XO0033
2 years 5.14% 60% £175* £999** Yes Yes No  
More details, fees & downloads Criteria A-Z Check affordability DIP Request Illustration Request Contact your BDM Online Application
  • Discount - 2.00% applied to our Residential Investment Managed Mortgage Rate for the first 3 years
  • Maximum loan - No maximum. Loans above £500,000 should be referred to us for specific agreement before submission of an application
  • LTV - Maximum LTV 60%.
  • Early Repayment Charges - 2% in the first year, 1% in the second year
  • Cost for comparison - 5.1% APRC
  • Minimum interest - 3.04%
  • Purpose - Purchase, remortgage, product switch and additional borrowing
  • Valuation Fees (Remortgage) - Free for properties up to £500,000. For properties above £500,000, standard Valuation Fee scale applies less £330 discount
  • Valuation Fees (Purchase) - Based on the greater of the purchase price or value of the property. For more information see our valuation fee scale
  • *Application Fee - £175 + Valuation Fee
  • **Product Fee - £999 for loans up to £500,000. 0.4% of the loan amount for loans above £500,000
  • Additional criteria - You are required to open an Offset Saver account in conjunction with this mortgage. A cashback of £100 will be used to open the linked Offset Saver account on completion of the mortgage.

3.44% 2 year Discounted Rate Offset Mortgage

 Code XO0034
2 years 5.14% 65% £175* £999** Yes Yes No  
More details, fees & downloads Criteria A-Z Check affordability DIP Request Illustration Request Contact your BDM Online Application
  • Discount - 1.70% applied to our Residential Investment Managed Mortgage Rate for the first 2 years
  • Maximum loan - No maximum. Loans above £500,000 should be referred to us for specific agreement before submission of an application
  • LTV - Maximum LTV 65%.
  • Early Repayment Charges - 2% in the first year, 1% in the second year
  • Cost for comparison - 5.1% APRC
  • Minimum interest - 3.34%
  • Purpose - Purchase, remortgage, product switch and additional borrowing
  • *Application Fee - £175 + Valuation Fee
  • **Product Fee - £999 for loans up to £500,000. 0.4% of the loan amount for loans above £500,000
  • Valuation Fees (Remortgage) - Free for properties up to £500,000. For properties above £500,000, standard Valuation Fee scale applies less £330 discount
  • Valuation Fees (Purchase) - Based on the greater of the purchase price or value of the property. For more information see our valuation fee scale
  • Additional criteria - You are required to open an Offset Saver account in conjunction with this mortgage. A cashback of £100 will be used to open the linked Offset Saver account on completion of the mortgage.

All of these mortgage products have limited funds available and may be withdrawn at any time. Our mortgages are available to applicants aged 18 and over for properties in England or Wales. Products require linked Offset Saver to be opened. These are not available for Expats or Limited Companies.

Unique features of an offset buy to let mortgage

Term reduction

With this option your client will pay the full mortgage payment, and the benefit from offsetting your savings goes towards reducing the capital, so the mortgage balance should reduce faster and the mortgage may be paid off sooner.

Payment reduction

With this option the offset savings are used to lower monthly payments, but the mortgage won't be paid off sooner. Interest saved each month will be used to reduce the amount of the next month's mortgage payment, so a greater offset will mean lower monthly repayments.

Offset Saver

With our offset products your client will open a linked Offset Saver account. Unlike a regular savings account there is no tax to pay on the money held within - however the future tax treatment of offset accounts may vary.

Criteria checker

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Simply type your criteria to see our levels of acceptance and flexibility.

Find Your Local

Business Development Manager

Your Local BDM:

Arif Kara

Arif was previously a mortgage adviser, and focuses on North and West London. Contact Arif for help with your clients' mortgages.
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Michelle Parry-Bunter

Michelle has worked for the Society for over a decade and focuses on the South Coast. Contact Michelle for help with your clients' mortgages.
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Nathan Waller

Nathan, previously a mortgage broker, focuses on Cambridgeshire, East Sussex, Essex, Suffolk, Hertfordshire, Bedfordshire, Lincolnshire, Norfolk and Kent. Contact Nathan for help with your clients' mortgages.
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Grace Bennett

Grace focuses around the West M25 area. Contact Grace for help with your clients' mortgages.
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Darren Deacon

Darren has over 28 years' Financial Services experience and focuses on both the East & West Midlands as well as the Southwest. Contact Darren for help with your clients' mortgages.
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Your Local BDM:

Paul Roberts

Paul has over 30 years' experience and focuses on the North (inc. M62 corridor), Yorkshire & North East. Contact Paul for help with your clients' mortgages.
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