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1.75% 2 Year Fixed

  • Overall cost for comparison 4.3% APRC

Representative Example: Mortgage of £120,000 on property valued at £200,000 over term of 25 years. Rate fixed for 2 years after which reverts to Post Office variable rate of 4.74%.

Call Post Office FREE on 0808 178 6813

2.68% 5 Year Fixed

  • Overall cost for comparison 4.0% APRC

Representative Example: Mortgage of £120,000 on property valued at £200,000 over term of 25 years. Rate fixed for 2 years after which reverts to Post Office variable rate of 4.74%.

Call Post Office FREE on 0808 178 6813

Details sort by initial rateLenderInitial rate Rate type Overall cost for comparisonMax LTVProduct feeMonthly cost Enquire
Initial rate: 1.33%
Rate type: Fixed Oct-2019
Monthly cost: £482.01 per month
Max LTV: 60%
Product fee: £1990.00
Overall cost for comparison: 4.3% APRC
Post Office logo 1.33% Fixed Oct-2019 4.3% APRC 60% £1990.00 £482.01 per month get quotes Call direct0808 178 6813
Initial rate: 1.33%
Rate type: Fixed Oct-2019
Monthly cost: £482.01 per month
Max LTV: 60%
Product fee: £1990.00
Overall cost for comparison: 4.2% APRC
Post Office logo 1.33% Fixed Oct-2019 4.2% APRC 60% £1990.00 £482.01 per month get quotes Call direct0808 178 6813
Initial rate: 1.41%
Rate type: Fixed Oct-2019
Monthly cost: £485.71 per month
Max LTV: 60%
Product fee: £1720.00
Overall cost for comparison: 4.2% APRC
Post Office logo 1.41% Fixed Oct-2019 4.2% APRC 60% £1720.00 £485.71 per month get quotes Call direct0808 178 6813
Initial rate: 1.41%
Rate type: Fixed Oct-2019
Monthly cost: £485.71 per month
Max LTV: 60%
Product fee: £1720.00
Overall cost for comparison: 4.2% APRC
Post Office logo 1.41% Fixed Oct-2019 4.2% APRC 60% £1720.00 £485.71 per month get quotes Call direct0808 178 6813
Initial rate: 1.58%
Rate type: Fixed Oct-2019
Monthly cost: £491.22 per month
Max LTV: 60%
Product fee: £1220.00
Overall cost for comparison: 4.2% APRC
Post Office logo 1.58% Fixed Oct-2019 4.2% APRC 60% £1220.00 £491.22 per month get quotes Call direct0808 178 6813
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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

Buy To Let Mortgage Criteria

Fair Mortgages Buy to Let Mortgage Service

Special features of what we offer include:

  • Whole of market service - we can compare Accord with othe buy to let deals from most UK lenders
  • Latest Deals - Access to leading btl market mortgage rates
  • Exclusive Rates - Access to exclusive buy to let loan deals not available on high street
  • Fast turnaround - speak to us today if you need to move quickly
  • Specialist Lenders - We have lenders who will consider adverse credit, complex income, unusual properties, lending in retirement, short term finance.

"The essence of the Fair Mortgages service is professional independent mortgage and protection advice brought to you by a team of specialist advisers and experienced administration support. 

As your mortgage is such an important transaction, good advice is imperative.

You can call our mortgage broker team on 0117 313 7780 or request a callback. 

As your mortgage is such an important transaction, good advice is imperative.

buy to let mortgage criteria

Buy to Let Mortgage Criteria

If you are thinking of venturing into the world of investment properties, you might be wondering what the general buy to let mortgage criteria is. Different lenders who offer buy to let finance will have their own specific stipulations and requirements, however has a general rule buy to let mortgages shares some common features. 

Deposit

While it is possible to secure homebuyer finance with a relatively small deposit, buy to let mortgages tend to offer require a deposit of around 25%, although there are some products available with higher loan to value ratios. As with any kind of finance however, the larger the deposit you can afford to put down the more products there will be available to you and the cheaper your interest rates will be.

Affordability

The affordability of a buy to let mortgages is not usually calculated in the same way as home buyer finance, instead of the affordability calculation being based upon a multiple of the applicant’s annual income it is instead based upon the rental value of the property in question.

Lenders normally require the monthly rental yield of the property to be estimated to be at least 125% of what the monthly mortgage payments would be. This needs to be based on a professional valuation of the property however, you cannot merely inform the lender how much you intend to charge on rent.

It is also important to note that while affordability is calculated on the rental income of the property many lenders still require applicants to fit a minimum income requirement.

Some lenders require buy to let applicants to own their own home, although this is not true across the board.

Terms and conditions

Lenders can also stipulate how you let out the property, for instance some may require you to have a minimum tenancy length agreed with your, or state certain types of tenancy you are not allowed to rent the property on.  Many lenders require you to take out a specialist landlord buildings insurance policy also. 

There are a wide range of buy to let mortgages available from; high street banks, building societies and smaller specialist lenders. It’s therefore a good idea to shop around to try and find the product that fits your specific investment property needs best.

When looking for a buy to let mortgage you may want to consider using the services of an independent mortgage adviser. Mortgage advisers who are independent can offer you impartial advice throughout the process, but in addition to this they can search across the whole of the market on your behalf to find the products from different providers that present the best deal for your specific circumstances.

If you want to find out if Fair Mortgages could help you fill in our online contact form to request a call back from one of advisers, who can offer you a free initial consultation. Alternatively you can call us on: 0117 313 77870

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Buy to Let Mortgages