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Buy-to-Let Mortgage

Our Buy-To-Let mortgage solution is aimed at the Gibraltar residential rental market and primarily at investors with previous experience in the property market and looking to expand their property portfolio. On a case-by-case basis we may also consider applications from first time investors (subject to status and to our credit policies).  

This type of mortgage is only available on residential property, the main purpose of which is to rent for long term investment purposes (and not to support short term speculation).  

Depending on your circumstances the Buy-To-Let mortgage is available on the basis of a maximum Loan-to-Value (LTV) of up to *75% and over a maximum term of 20 years. 

On a case-by-case basis we can consider applications for interest only mortgage loans from professional property investors for up to 5 years and for amounts up to 60% of loan to value.

Rates and charges

The interest rate payable is variable and calculated at an agreed spread above Bank of England Base Rate. The cost of your loan repayments will fluctuate in line with changes in the Base Rate. It is important to factor in affordability of repayments if the Base Rate changes. 

An arrangement fee of 1% of the value of the mortgage is payable upon drawdown of your Buy-to-Let mortgage and other than an administration fee of £500 charged for any unscheduled full or partial repayment of the loan, there is no penalty for early repayment. (note that unscheduled partial repayments may be subject to a minimum amount).

In addition to the above costs, you will also be responsible for the Bank's legal costs which will depend on the mortgage amount and the valuation fee (dependent upon the property value). A written estimate of the Bank's legal and valuation fees will be made available to you upon request and when your loan application is agreed.  

Other costs to consider

Please bear in mind that you will have your own legal costs and expenses (e.g. taxes) to meet in respect of your purchase of the property. 

Suitable property insurance will be a condition of the mortgage. This is not arranged by the Bank and is your sole responsibility.


Illustrative Example

Below is an illustrative example of the costs associated with a Buy-to-Let mortgage of £300,000. Based upon a property value of £400,000 and Bank of England Base Rate plus a typical interest rate spread of 3.5%.

Please note overall rate subject to change in line with Bank of England Base Rate.

Mortgage type Capital and interest (Amortising loan)
Max. loan to value 75%
Amount borrowed £300,000
Term 20 Years
No. of Monthly instalments 240
Other costs
- Arrangement fee
- Valuation fee
- Legal fee

Borrowing rate 3.5%
(plus Base Rate)
APRC 8.6%
Initial payment £2,509.32
Total cost of credit  £307,356.80
Total amount repayable £607,356.80
Security required Property

Considering buying an investment property?

Complete the form below and we will get back to you shortly. Applications are subject to the applicant’s financial circumstances. Terms and conditions apply. 

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The property may be repossessed if you do not keep up the repayments on your mortgage.  

*Please note that the LTV offered could be lower and will depend on your circumstances, including overall wealth, current property portfolio, experience in managing property portfolios and your country of residency.