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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: 1.33%
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

Change Mortgage To Buy to Let

Change Mortgage to Buy to Let

If you’ve decided for whatever reason that you no longer need or want to live in your residential home, and wish to change your existing mortgage to a buy to let mortgage; you might be wondering what options are available for you. Many people decide to pursue this option after moving in with a partner, to live overseas or moving location to work. So if you’re deciding to want to start letting out your residential home, the good news is that it’s definitely possible.

Whether your mortgage provider lets you change your existing mortgage into a buy to let mortgage will depend on your circumstances. Every lender is different and each has a different set of lending criteria and specific requirements. One major factor they will take into consideration is if you are buying a new property to live in, or whether you are moving into a rented property.

If you are buying a new property to live in

If you are customer who has the capacity to take on 2 mortgages and wish to rent out your residential property; there are two ways in which you can do this.

1. Let to buy Mortgage – This involves buying a new property to live in on a new main residential mortgage, whilst renting out your old property by switching it to a buy to let. This will also allow you to raise cash on your current property to fund the deposit on the new purchase, if you have enough equity available.

2. Consent to let mortgage – If your existing mortgage is still in its initial period, it may be worth first contacting your lender and seeing if it is possible for a consent to let agreement. This will allow you to let out the property out with your existing mortgage until the end of its initial period. There are costs involved with getting consent to let, although it may work out cheaper then remortgaging in the midterm.

Our Services

Changing your residential mortgage to a buy to let mortgage can be a strenuous and difficult process. That’s why we have a team of specialist buy to let mortgage advice team, who can assist and guide you every step of the way in the application process.

If you feel that you would benefit from the help of our buy to let mortgage team, call us today on 0117 403 4222 or fill in our call back request form at the top of the page.

 

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