Buy to Let Mortgages With Low Fees
Buy to Let Mortgage with Low Fees
One of the key differences between buy to let mortgages and residential mortgages is that buy to let mortgages typically charge higher arrangement fees than their residential counterpart.
For a loan of around £100,000, fees can range anywhere between £1000 and £3000. With this variance in mind, it is important to shop around when looking for the buy to let mortgage deal that suits you.Additionally, it is not uncommon for a mortgage deal with a lower rate to work out more expensive if the arrangement fees are high. This is why it is important to take care when selecting your mortgage deal, and to seek help from a mortgage broker or independent financial adviser.
What are Arrangement fees?
Many buy to let mortgage lenders charge prospective borrowers an arrangement fee, also known as a product fee, to cover their administrative costs incurred when they set up a buy to let mortgage.
How can I secure a buy to let mortgage with low fees?
As previously mentioned, the best chances of you finding your ideal buy to let mortgage with low fees is to shop around. Additionally, you are likely to benefit from the assistance of a mortgage broker. A good broker can help you find the buy to let mortgage that’s right for you, and may have access to exclusive deals that are not available on the high street.
We offer a whole of market service, to compare the majority of UK lenders and to bring you leading buy to let mortgage deals with low fees. Our team of expert financial advisers can assist you every step of the way, from finding the ideal buy to let mortgage for you to finalising the deal, and beyond this.
If you feel you would benefit from advice or guidance from our specialist buy to let mortgage team, why not call us today on 0117 403 4474, or fill in our online contact form
for a call back.