This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Cookie Policy. Read more

Buy To Let Mortgage Hotline - Call 0117 403 4222

What is your mortgage for?

 

Buy To Let Mortgage Calculator

Compare Buy To Let Mortgage Rates:

Details sort by initial rateLenderInitial rate Rate type Overall cost for comparisonMax LTVProduct feeMonthly cost Enquire
Initial rate: 1.5%
Rate type: Fixed Jan-2020
Monthly cost: £494.37 per month
Max LTV: 60%
Product fee: £2770.00
Overall cost for comparison: 4.4% APRC
Barclays Bank logo 1.5% Fixed Jan-2020 4.4% APRC 60% £2770.00 £494.37 per month get quotes Call direct0117 313 7780 More details
Initial rate: 1.5%
Rate type: Fixed Jan-2020
Monthly cost: £487.37 per month
Max LTV: 60%
Product fee: £1320.00
Overall cost for comparison: 4.3% APRC
Barclays Bank logo 1.5% Fixed Jan-2020 4.3% APRC 60% £1320.00 £487.37 per month get quotes Call direct0117 313 7780 More details
Initial rate: 1.54%
Rate type: Fixed Feb-2020
Monthly cost: £491.63 per month
Max LTV: 60%
Product fee: £1755.00
Overall cost for comparison: 4.4% APRC
Santander UK Plc logo 1.54% Fixed Feb-2020 4.4% APRC 60% £1755.00 £491.63 per month get quotes Call direct0117 313 7780 More details
Initial rate: 1.54%
Rate type: Fixed Feb-2020
Monthly cost: £491.63 per month
Max LTV: 60%
Product fee: £1755.00
Overall cost for comparison: 4.4% APRC
Santander UK Plc logo 1.54% Fixed Feb-2020 4.4% APRC 60% £1755.00 £491.63 per month get quotes Call direct0117 313 7780 More details
Initial rate: 1.54%
Rate type: Fixed Feb-2020
Monthly cost: £491.63 per month
Max LTV: 60%
Product fee: £1755.00
Overall cost for comparison: 4.4% APRC
Santander UK Plc logo 1.54% Fixed Feb-2020 4.4% APRC 60% £1755.00 £491.63 per month get quotes Call direct0117 313 7780 More details
Initial rate: 1.55%
Rate type: Fixed Jan-2020
Monthly cost: £494.30 per month
Max LTV: 60%
Product fee: £2270.00
Overall cost for comparison: 4.4% APRC
Barclays Bank logo 1.55% Fixed Jan-2020 4.4% APRC 60% £2270.00 £494.30 per month get quotes Call direct0117 313 7780 More details
Initial rate: 1.69%
Rate type: Fixed Jan-2020
Monthly cost: £501.19 per month
Max LTV: 50%
Product fee: £2132.00
Overall cost for comparison: 4.4% APRC
Godiva Mortgages logo 1.69% Fixed Jan-2020 4.4% APRC 50% £2132.00 £501.19 per month get quotes Call direct0117 313 7780 More details
Initial rate: 1.69%
Rate type: Fixed Mar-2020
Monthly cost: £496.22 per month
Max LTV: 60%
Product fee: £1670.00
Overall cost for comparison: 4.4% APRC
BM Solutions logo 1.69% Fixed Mar-2020 4.4% APRC 60% £1670.00 £496.22 per month get quotes Call direct0117 313 7780 More details
Initial rate: 1.69%
Rate type: Fixed Dec-2019
Monthly cost: £496.25 per month
Max LTV: 60%
Product fee: £1061.00
Overall cost for comparison: 4.6% APRC
Skipton BS logo 1.69% Fixed Dec-2019 4.6% APRC 60% £1061.00 £496.25 per month get quotes Call direct0117 313 7780 More details
Initial rate: 1.79%
Rate type: Fixed Jan-2021
Monthly cost: £505.95 per month
Max LTV: 50%
Product fee: £2132.00
Overall cost for comparison: 4.2% APRC
Godiva Mortgages logo 1.79% Fixed Jan-2021 4.2% APRC 50% £2132.00 £505.95 per month get quotes Call direct0117 313 7780 More details
12345678910...

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

Buy To Let Mortgage Calculator

Why choose us?

Fair Mortgages can provide you with a first class service if you are looking for buy to let mortgage advice. 

Special features of what we offer include:

  • Whole of Market Broker - We deal with leading UK buy to let lenders
  • Top Buy To Let Rates - Access to leading buy to let market rates
  • Exclusive Rates - Access to exclusive buy to let mortgage deals not available on high street
  • Expert Help - whether you are a first time investor or full time landlord
  • Flexible - We have lenders who will take into account previous defaults and missed payments 
  • Complex Buy to Let or have a portfolio of 4+ properties? - speak to us

To investigate your buy to let mortgage options call our specialist team on 0117  403 4222 or fill in our call back form. 

Buy To Let Mortgage Calculator

How To Find The Best Buy To Let Mortgage 

Buying a property to rent out can offer an attractive opportunity for both immediate income (from tenants providing rental income each month) and capital growth (from the potential rise in your property’s value on the future).

Using a buy to let mortgage calculator can help you compare a wide range of buy to let mortgage options, whether you are a seasoned landlord with a property portfolio or just starting out in the world of residential letting.

Our buy to let calculator updates daily with the latest rates, so you can determine what current buy to let deals are available - we do however recommend speaking to our buy to let team to discuss your specific requirements on 0117 403 4222.

So what is the difference between a buy to let and a residential mortgage

  • In general terms, buy to let mortgages are quite similar to residential mortgages – but there are a couple of crucial differences which you should be aware of when calculating your total budget for a buy to let property purchase.
  • Buy to let mortgages require a larger deposit than standard residential mortgages. While you can obtain a residential mortgage at up to 95% loan to value (LTV) in some cases, many buy to let mortgage providers only offer this type of mortgage up to around 80% LTV.
  • Another key difference between residential mortgages and buy to let mortgages is that your potential rental income will be taken into account by the lender when assessing affordability. You will need to demonstrate to your potential mortgage lender that that the rent you propose to charge will cover your repayments on the mortgage by at least 145%.
  • Due to the changes in the way the buy to let mortgage market is regulated, lenders will apply a stricter income stress test than before. Now, lenders will require you to illustrate that you can afford mortgage payments even if the interest rate increases to 5.5%

You can use the free mortgage calculator above to help you find a buy to let mortgage that offers the best LTV for your needs.

What to consider when choosing a buy to let mortgage

Bear in mind that property prices can fall as well as rise and that the returns from buy to let properties are not guaranteed. You will also need to consider that tenants may not always be readily available to fill your property.

Some letting agents offer guaranteed monthly payment to landlords even if the property is unoccupied, so this could be an option to factor in when calculating your buy to let mortgage costs.

As with other types of mortgages, buy to let mortgages often incur administration fees, as well as other charges such as survey fees, legal fees, and DIY costs – so it’s vital to incorporate these considerations into your budget when choosing a deal.

Call our buy to let mortgage team on 0117 403 4222

buy to let mortgage calculator rates

house icon

Call or Request Call Back from our Buy to Let Broker Team

Call us for a FREE initial conversation on 0117 403 4222 about your buy to let mortgage options or request a callback.

request call back

Please confirm your details

Extra information

The optional information below will help us to contact you

Buy to Let Mortgages