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Buy To Let Mortgage Hotline - Call 0117 403 4222

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: 1.43%
Rate type: Fixed Sep-2019
Monthly cost: £486.64 per month
Max LTV: 60%
Product fee: £1720.00
Overall cost for comparison: 4.2% APRC
Post Office logo 1.43% Fixed Sep-2019 4.2% APRC 60% £1720.00 £486.64 per month get quotes Call direct0808 178 6813
Initial rate: 1.43%
Rate type: Fixed Sep-2019
Monthly cost: £486.64 per month
Max LTV: 60%
Product fee: £1720.00
Overall cost for comparison: 4.2% APRC
Post Office logo 1.43% Fixed Sep-2019 4.2% APRC 60% £1720.00 £486.64 per month get quotes Call direct0808 178 6813
Initial rate: 1.78%
Rate type: Fixed Aug-2019
Monthly cost: £500.61 per month
Max LTV: 60%
Product fee: £1490.00
Overall cost for comparison: 4.3% APRC
Post Office logo 1.78% Fixed Aug-2019 4.3% APRC 60% £1490.00 £500.61 per month get quotes Call direct0808 178 6813
Initial rate: 1.78%
Rate type: Fixed Aug-2019
Monthly cost: £500.61 per month
Max LTV: 60%
Product fee: £1490.00
Overall cost for comparison: 4.3% APRC
Post Office logo 1.78% Fixed Aug-2019 4.3% APRC 60% £1490.00 £500.61 per month get quotes Call direct0808 178 6813
Initial rate: 1.82%
Rate type: Fixed Nov-2019
Monthly cost: £507.48 per month
Max LTV: 60%
Product fee: £2273.00
Overall cost for comparison: 4.1% APRC
Royal Bank Of Scotland logo 1.82% Fixed Nov-2019 4.1% APRC 60% £2273.00 £507.48 per month get quotes Call direct0800 096 7962
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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 Trackers

Buy to Let Mortgage Tracker

When it comes to deciding on what type of buy to let mortgage is right for you, you have a range of options to choose from.
Tracker deals are often described as the most transparent of buy to let mortgage products.
How does a tracker rate buy to let mortgage work?

A tracker rate works by following another rate. It can sometimes track below the rate it is following, but more often than not, it tracks at a percentage above it. A tracker tends to be marketed as ‘base rate plus x per cent’, the x percent being the amount the lender adds on top.

Things you should know about a tracker mortgage

Tracker rate buy to let mortgages can often an attractive deal. However, there are some key considerations you should look at when making your decision. Tracker mortgages often appeal to investors as they can take advantage of:

Low Interest Rates – A tracker mortgage deal can have the potential to offer a very low rate of interest. For instance, if you took out a tracker mortgage at a +1% above the base rate, you would only pay 1.5%. If interest rates remain low, you could benefit from paying less back monthly on your mortgage than you might do with a fixed rate or variable rate buy to let mortgage.

Not being subject to change in your lenders SVR – As a tracker rate is determined by the base rate, you will not be affected by increases in your lenders SVR.

Flexible overpayments – The majority of lenders offering tracker rates will allow borrowers to make penalty-free overpayments on their tracker mortgage. Whilst your tracker rate is low, you can take advantage of it by overpaying on your mortgage and shortening the total length of time it takes to pay back.

Whilst these factors make a tracker buy to let mortgage a lucrative and appealing investment opportunity, there are also other aspects that you should consider when looking to apply for a tracker rate loan.

Early Repayment Fees – If you decide to leave a tracker buy to let mortgage before the end of the set term, you might face early repayment penalty fees.

Security of rate – Although your tracker rate may not be subject to changes in your lenders SVR, it is still has the potential to be skyrocketed should the bank of England’s base rate suddenly increases.

If you would like to compare top buy to let tracker mortgage deals, or would like any advice on whether a tracker rate is for you call us today on 0117 403 4222, or fill in our online contact form to request a call back.

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