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Fixed Rate Limited Company Buy to Let to 30 September 2031 – XIB064
A mortgage exclusively available for lending to Special Purpose Vehicle (SPV) Limited Companies with up to 4 UK resident directors or shareholders on properties located in England and Wales.
| Key Details | |
| Term | Until 30 September 2031 |
| Initial Rate1 | 5.75% |
| MAX LTV3 | 75% |
| Early Repayment Charge | 3% to 30/09/2029; 2% to 30/09/2030; 1% to 30/09/2031 |
| Product Fees | £199 application fee, £1,499 completion fee |
Costs and Product Fees
For full cost details and to compare the overall cost of this product, please visit a sourcing system or you can request an ESIS from us at any time.
- 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 | 8.04% | £1,804.00 | £2,206.00 | £3,010.00 |
Mortgage Intermediaries
01623 676360
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Mortgage Product Features
- The Initial Rate is fixed until 30 September 2031 at 5.75%.
- At the end of the fixed rate period our Standard Variable Rate (SVR) will apply for the remainder of the mortgage term, currently 8.04% variable
- Minimum loan size £100,000
- Maximum loan size £1,000,000 for any single property
- Valuation fees and legal fees payable by the customer
- An Early Repayment Charge of 3% will apply if the mortgage is redeemed at any time before 30 September 2029, followed by 2% if redeemed before 30 September 2030 and 1% if redeemed before 30 September 2031. The Early Repayment Charge is a percentage of the balance at the point of redemption. Early Repayment Charges do not apply on our Standard Variable Rate (SVR)
- Rental income must be at least 125% of the monthly mortgage payment calculated at 5.75% on an interest only basis
- Exclusively available for SPV Ltd Company with a personal guarantee
- This product is available for Standard Buy to Let and the lending is not regulated by the Financial Conduct Authority (FCA)
Will the interest rate change?
The interest rate is fixed until 30 September 2031 and if our Standard Variable Rate (SVR) reduces during this time, you will not benefit from any reductions to your monthly mortgage payments.
When you come to the end of the fixed rate term, we will write to you to offer you another new deal and you can either choose to accept this deal, remortgage to another lender, or should you do nothing, revert onto our Standard Variable Rate (SVR), currently 8.04%. If you revert onto our SVR after the fixed rate term, the interest rate becomes variable and will go up or down when we make changes to our SVR.
How much are valuation fees?
The fee charged is normally based on the purchase price of the property at the time of inspection. Where the purchase price is preferential or where the price is not known at the time of inspection, the fee charged will be based on the valuation figure. Unless otherwise stated in the product features, a basic valuation fee is payable by the applicant(s).
You can find out more including the fee scale in our Mortgage Valuation Fees document.
Important Information
Unless otherwise stated, our mortgage products are available for house purchase or remortgage. All our mortgage products are subject to availability and can be withdrawn at any time.
All mortgage applications are manually underwritten by our experienced underwriters and are subject to a full assessment against our lending criteria.
It is important that you take time to read and understand the mortgage product features detailed above and the information about our Residential or Buy to Let mortgages detailed in the General Information Guides.
How to Apply
For new mortgage enquiries, we accept applications from mortgage brokers and intermediaries only. If you are not a mortgage broker and are a customer looking for a new mortgage, we can pass your enquiry on to our trusted partner Mortgage 1st.
Mortgage 1st* are an independent mortgage broker who provide advice on mortgages from across the mortgage market to get the right deal for you. If you would like to make an enquiry, simply enquire online and they will then contact you to discuss your mortgage needs.
If you are an existing borrower, you can still contact us directly to discuss your mortgage.
*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.
Definitions
1 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 8.04%, as a variable rate it may go up or down.
2. 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. 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
The Mansfield Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Reference number 206049. Member of the Building Societies Association.
Date printed: 14/05/2026 07:23:34 pm
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