Buy To Let
The UK has always been an attractive place for property investment.
The National Bank of Egypt (UK) Ltd provides professional buy to let investors with competitively priced finance to help them build their buy to let property portfolio.
We Offer:
- Unregulated BTL mortgages for UK and overseas investors.
- Residential and commercial buy to let mortgages for properties based in prime locations in the major English cities.
- Repayment and interest only mortgages
- Five-year term
- Maximum Loan To Value (LTV):
- 65% on residential mortgages
- 60% on commercial mortgages
Buy To Let Calculator
You may be able to borrow up to:
£0
The loan amount estimates provided by this calculator are for representation purposes only and do not constitute an offer of credit. The actual amount you may be eligible to borrow will depend on your individual circumstances and subject to lender approval.
Buy To Let Mortgages Explained
What is a Buy to Let Mortgage?
A buy to let (“BTL”) mortgage is a mortgage provided for either a residential or commercial property that is purchased solely for the intention to be let out to an independent tenant.
1
Application
Investors apply for a BTL mortgage by completing a buy to let application form and providing all the information required.
2
Assessment
The bank evaluates the investor’s eligibility based on credit history, rental and other income, and property value.
3
Offer
If approved, the bank offers a mortgage with specified terms and conditions.
4
Purchase
Investors pay a deposit and complete the property purchase with legal assistance.
5
Renting & Repayment
The property is rented out, generating income to cover mortgage repayments, while investors manage the property and make regular payments to the bank.
Buy To Let Mortgage FAQs
We will lend against residential or commercial properties that have been purchased solely for the purpose of letting to an independent tenant or tenants.
We cannot lend against:
- Properties that are occupied by the owners or relatives or associates of the owner
- Holiday homes
- Properties available for short term lets such as through Airbnb
- Properties purchased to be rented out to relatives or associates of the owner
- Properties previously occupied by the owner, or relatives or associates of the owner
- Property that has been inherited
Yes, we lend against properties located in the prime areas around the major cities of England. We do not provide mortgages against properties outside of England.
Yes, we will lend to both UK and non-UK resident borrowers.
We do not provide development finance. We also do not provide:
- Auction finance
- Bridging loans
- Mortgages on government shared scheme buildings
The maximum term available is 5 years, subject to credit approval.
We offer both interest only and repayment mortgages, subject to credit approval.
The maximum amount that can be borrowed takes into account various factors such as:
- the type of property
- the rental income after associated costs
- the borrower’s wealth and experience
The maximum loan to value (“LTV”) against residential property is 65% and against commercial property is 60%.
The applicable interest rate is the Bank of England Base Rate plus a margin. That margin is determined by factors such as the LTV, the rental income achieved vs the cost of the mortgage, the type of property it is, and the borrower’s own circumstances.
We do not offer fixed rate mortgages.
Yes, we lend against leasehold properties. However, the minimum remaining on the leasehold should be at least 80 years.
Complete Buy To Let Enquiry Form and one of our dedicated team will contact you within 1 business day.