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Buy To Let Mortgage Hotline - Call 0117 403 4474

What is your mortgage for?

 
Details sort by initial rateLenderInitial rate Rate type Overall cost for comparison Product fee Monthly cost Enquire
Initial rate: 3.60%
Rate type: 2 year fixed
Monthly cost: £910.8 per month
Product fee: £9,000
Overall cost for comparison: 7.5% APRC
State Bank of India logo 3.60% 2 year fixed 7.5% APRC £9,000 £910.8 per month get quotes Broker Only Deal
Initial rate: 3.65%
Rate type: 2 year fixed
Monthly cost: £915.67 per month
Product fee: £9,000
Overall cost for comparison: 7.5% APRC
State Bank of India logo 3.65% 2 year fixed 7.5% APRC £9,000 £915.67 per month get quotes Broker Only Deal
Initial rate: 3.69%
Rate type: 2 year fixed
Monthly cost: £919.57 per month
Product fee: £5,400
Overall cost for comparison: 8.1% APRC
The Mortgage Works logo 3.69% 2 year fixed 8.1% APRC £5,400 £919.57 per month get quotes Broker Only Deal
Initial rate: 3.70%
Rate type: 2 year fixed
Monthly cost: £920.54 per month
Product fee: £9,000
Overall cost for comparison: 7.6% APRC
State Bank of India logo 3.70% 2 year fixed 7.6% APRC £9,000 £920.54 per month get quotes Broker Only Deal
Initial rate: 3.75%
Rate type: 2 year fixed
Monthly cost: £925.44 per month
Product fee: £9,000
Overall cost for comparison: 7.6% APRC
State Bank of India logo 3.75% 2 year fixed 7.6% APRC £9,000 £925.44 per month get quotes Broker Only Deal
Initial rate: 3.79%
Rate type: 2 year fixed
Monthly cost: £929.36 per month
Product fee: £5,400
Overall cost for comparison: 8.5% APRC
The Mortgage Works logo 3.79% 2 year fixed 8.5% APRC £5,400 £929.36 per month get quotes Broker Only Deal
Initial rate: 3.94%
Rate type: 2 year fixed
Monthly cost: £944.15 per month
Product fee: £9,000
Overall cost for comparison: 8.3% APRC
Paragon logo 3.94% 2 year fixed 8.3% APRC £9,000 £944.15 per month get quotes Broker Only Deal
Initial rate: 3.95%
Rate type: 5 year fixed
Monthly cost: £945.14 per month
Product fee: £5,400
Overall cost for comparison: 7.6% APRC
Birmingham Midshires 3.95% 5 year fixed 7.6% APRC £5,400 £945.14 per month get quotes Broker Only Deal
Initial rate: 3.97%
Rate type: 2 year fixed
Monthly cost: £947.13 per month
Product fee: £5,400
Overall cost for comparison: 9% APRC
Virgin Money logo 3.97% 2 year fixed 9% APRC £5,400 £947.13 per month get quotes Broker Only Deal
Initial rate: 3.99%
Rate type: 2 year fixed
Monthly cost: £949.11 per month
Product fee: £5,400
Overall cost for comparison: 9% APRC
Birmingham Midshires 3.99% 2 year fixed 9% APRC £5,400 £949.11 per month get quotes Broker Only Deal
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Representative Example:

A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.

 

The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).

 

In this example the overall cost for comparison is 3.7% APRC representative.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

Best Buy To Let Mortgages

Compare best buy to let mortgage deals

Special features of what we offer include:

  • Fast service!

  • Whole of market broker - we deal with most UK buy to let lenders

  • Rates - Access to leading buy to let market rates

  • Exclusives - Access to exclusive buy to let mortgage deals not available on the high street

  • Our buy to let expertise - Expert help whether you are a first time investor or experienced full time landlord

  • Credit issues? - We have lenders who will take into account previous defaults and missed payments 

  • Experienced buy to let investor? - Have a complex buy to let or have a portfolio of 5+ properties? - speak to us

To investigate your buy to let mortgage options, call our specialist team or fill in our call back form. 

best buy to let mortgages

Changes

From 2017 private landlords can no longer deduct the expenses derived from their buy to let properties when calculating their profits, for a self-assessment at the end of the financial year. However, these rules do not apply to limited companies.

As a result, more private landlords are looking to set up their own limited company for their buy to let properties.  Setting up a limited company does have a few associated costs that should be considered before any action is taken.

Firstly, lenders will have a stricter income stress test. Before granting a buy to let mortgage, the lender will require that the landlord can afford mortgage payments in the event that interest rates increase to 5.5%.In addition, lenders will require a rental coverage ratio of 145% for standard buy to let properties and 170% for a house in multiple occupation. The rental coverage ratio cannot be merely an informal estimate. Lenders will compare the property with others in the area and likely request an estimate from a professional surveyor.

Finally, due to the recent changes to the rules affecting buy to let mortgages, it is advisable to contact a specialist financial broker to find the best mortgage for you.

Fast Buy to Let Mortgage Service

If you are looking to move quickly, call our mortgage team today to find the best buy to let mortgage deal for your circumstances.

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Looking for independent buy to let mortgage advice? Call 0117 403 4474 or Request Callback from our friendly mortgage team

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBTS SECURED ON IT.

Fair Mortgages Limited is an appointed representative of Fair Investment Company Ltd which is authorised and regulated by the Financial Conduct Authority.