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Buy To Let Mortgage Hotline - Call 0117 403 4222

Buy To Let Mortgages With 20% Deposit

Buy To Let Mortgage Deals Of The Month

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FairMortgages.co.uk has partnered with Royal Bank Of Scotland to bring you some of the best mortgage rates in the market, which is why they say 'YES' to a mortgage every 60 seconds*. It takes just a few minutes to find out if they can help:

Call RBS Buy To Let team: FREE on 0800 096 7962

OPEN 7 DAYS A WEEK
Monday to Friday:  8am to 8pm 
Saturday & Sunday:  9am to 4pm

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Call FREE 0808 271 8482

Top rates for those looking to get a better deal or borrow more:

  • FIXED RATES from 1.69% (4.5% APRC)
  • FAST DECISION
  • LINES OPEN: 7 days a week 8am to 10pm

Call HSBC Buy To Let team FREE on 0808 271 8482 to find out how much you could borrow

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 Mortgages With 20% Deposit

Buy to Let Mortgages with 20% Deposit

When it comes to buy to let mortgages, one of the key factors that differentiate them from their residential counterpart is the size of the deposit required to secure the deal. Whilst a homeowner can often secure a residential mortgage for as little as 5%, you can expect to put down a considerably larger deposit when it comes to buy to let mortgages.

It is common practice for lenders to ask investors for a 25% deposit before handing out a buy to let mortgage, which means you will need to reach into your pocket if you want to get a foothold on the buy to let property ladder.

However, if you are thinking about investing in buy to let property there might yet still be some good news. Providing that you meet the criteria, there are some lenders who might be willing to accept lower deposits of 20% (on some occasions 15 %!) for a mortgage.

Am I able to secure a 20% deposit buy to let mortgage?

Depending on where you go, different lenders use a range of different criteria and requirements to determine whether you are worthwhile investment. However, as general rule lenders tend to take the following into consideration before offering a buy to let mortgage with a 20 deposit%.

  • Age – Typically lenders will view older borrowers as a larger risk investment, and therefore might be less likely to accept a smaller deposit if you are an elderly investor.
  • Credit Rating – If you are able to demonstrate how you have had little to no problems with credit in the past, you could be on your way to securing a buy to let mortgage with a 20% deposit. However, if you have a poor credit history, you might have to expect putting down a 25% deposit for a buy to let mortgage.

How do I find a buy to let mortgage with a 20% deposit?

Buy to let mortgages with a 20% deposit are harder to come by in comparison to normal buy to let mortgages, which is why it is important to shop around. Additionally, that’s why we also recommend seeking advice from a mortgage broker or independent financial adviser. As a mortgage broker, we work with the majority of UK lenders, and have access to exclusive buy to let mortgage deals that are not available on the high street, which means you’re more likely to find your ideal buy to let mortgage deal with a reduced deposit that bit easier.

To find out if you might be eligible to obtain a buy to let mortgage with a 20% deposit, why not call us today on 0117 313 778, or fill in our online contact form to request a call-back for a free initial consultation with one of our advisors.

buy to let mortgages with 20% deposit

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