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Mortgage & Equity Release - Call Us 0117 403 4474

What is your mortgage for?

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1.19% APR

  • Fixed for 26 months
  • Overall cost for comparison 4.50%

Representative Example:

Mortgage of £100,000 on property valued at £200,000 over term of 25 years. Tracker rate for 26 months after then reverts to Platform's variable rate of 4.74%.

Call us on 0117 403 4222

1.64% APR

  • Fixed for 62 months
  • Overall cost for comparison 3.70% APR

Representative Example:

Mortgage of £100,000 on property valued at £200,000 over term of 25 years. Tracker rate for 62 months after then reverts to the Lender's variable rate of 4.74%.

Call us on 0117 403 4222

Buy to Let Mortgages for First Time Buyers

UK buy to let mortgage rates are at all time lows!

See below for latest market leading buy to let deals for first time buyers or use our independent buy to let mortgage advice service to compare the market.

Details sort by initial rateLenderInitial rate Rate type Overall cost for comparisonMax LTVProduct feeMonthly cost Enquire
Initial rate: 1.39%
Rate type: Fixed 25 months
Monthly cost: £888.27 per month
Max LTV: 75%
Product fee: £4,500
Overall cost for comparison: 4.8% APRC
The Mortgage Works logo 1.39% Fixed 25 months 4.8% APRC 75% £4,500 £888.27 per month get quotes Call us0117 403 4474 More details Broker Only Deal
Initial rate: 1.50%
Rate type: Fixed 27 months
Monthly cost: £899.86 per month
Max LTV: 75%
Product fee: £1,795
Overall cost for comparison: 4.1% APRC
Barclays Mortgage logo 1.50% Fixed 27 months 4.1% APRC 75% £1,795 £899.86 per month get quotes Call us0117 403 4474 More details Broker Only Deal
Initial rate: 1.51%
Rate type: Fixed 25 months
Monthly cost: £900.91 per month
Max LTV: 75%
Product fee: £1,995
Overall cost for comparison: 4.1% APRC
Birmingham Midshires Solutions logo 1.51% Fixed 25 months 4.1% APRC 75% £1,995 £900.91 per month get quotes Call us0117 403 4474 Broker Only Deal
Initial rate: 1.52%
Rate type: Fixed 26 months
Monthly cost: £901.97 per month
Max LTV: 75%
Product fee: £1,499
Overall cost for comparison: 3.1% APRC
Santander logo 1.52% Fixed 26 months 3.1% APRC 75% £1,499 £901.97 per month get quotes Call us0117 403 4474 More details Broker Only Deal
Initial rate: 1.54%
Rate type: Fixed 25 months
Monthly cost: £904.09 per month
Max LTV: 75%
Product fee: £1,995
Overall cost for comparison: 4.7% APRC
The Mortgage Works logo 1.54% Fixed 25 months 4.7% APRC 75% £1,995 £904.09 per month get quotes Call us0117 403 4474 More details Broker Only Deal
Initial rate: 1.57%
Rate type: Fixed 25 months
Monthly cost: £907.28 per month
Max LTV: 75%
Product fee: £1,999
Overall cost for comparison: 4.9% APRC
Platform logo 1.57% Fixed 25 months 4.9% APRC 75% £1,999 £500 cashback £907.28 per month get quotes Call us0117 403 4474 More details
Initial rate: 1.59%
Rate type: Fixed 27 months
Monthly cost: £909.40 per month
Max LTV: 75%
Product fee: £1,295
Overall cost for comparison: 4.1% APRC
Barclays Mortgage logo 1.59% Fixed 27 months 4.1% APRC 75% £1,295 £909.40 per month get quotes Call us0117 403 4474 More details Broker Only Deal
Initial rate: 1.59%
Rate type: Fixed 25 months
Monthly cost: £909.40 per month
Max LTV: 75%
Product fee: £4,500
Overall cost for comparison: 4.9% APRC
The Mortgage Works logo 1.59% Fixed 25 months 4.9% APRC 75% £4,500 £909.40 per month get quotes Call us0117 403 4474 More details Broker Only Deal
Initial rate: 1.59%
Rate type: Fixed 25 months
Monthly cost: £909.40 per month
Max LTV: 75%
Product fee: £4,500
Overall cost for comparison: 4.9% APRC
The Mortgage Works logo 1.59% Fixed 25 months 4.9% APRC 75% £4,500 £909.40 per month get quotes Call us0117 403 4474 More details Broker Only Deal
Initial rate: 1.62%
Rate type: Fixed 25 months
Monthly cost: £912.60 per month
Max LTV: 75%
Product fee: £1,995
Overall cost for comparison: 4.1% APRC
Birmingham Midshires Solutions logo 1.62% Fixed 25 months 4.1% APRC 75% £1,995 £300 cashback £912.60 per month get quotes Call us0117 403 4474 Broker Only Deal
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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 for First Time Buyers

First Time Buyer Buy to Let Mortgage Service

Looking to purchase a property for buy to let and need finance. Let our friendly mortgage team take the strain - we offer:

  • A whole of market service - we work with over 70 UK lenders
  • Access to leading market rates for first time buyers
  • Access to exclusive loan deals not available on the high street
  • Fast turnaround - speak to us today if you need to move quickly
  • Flexible lenders - we have lenders who will take into account previous defaults and missed payments

To investigate your 1st time buyer buy to let mortgage options, call our mortgage team or fill in our call back form.

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.

buy to let mortgages for first time buyers

If you want to buy a property with the intention of renting it out, you will require a specialist mortgage, known as a buy to let mortgage.

Buying a property to rent out can offer the opportunity to benefit from capital growth on the value of the property, as well as income from rent payments. However, getting a good deal as a first time buyer in the buy to let mortgage market can be challenging.

Getting a buy to let mortgage as a first time buyer

Lending criteria has become more stringent since the beginning of 2017, with banks and building societies now obliged to look closely at your spending and ensure that you are able to meet repayments even after a ‘stress test’ on your projected future finances.

One of the key areas of difference between a buy to let mortgage and a mortgage on your home is how affordability is assessed. The lenders' stress test will require you to be able to afford mortgage repayments even in the event that interest increases to 5.5%.

Because buy to let mortgages are often dependent on rental income to help fund repayments, lenders may consider you even more of a risk and charge higher interest rates or even refuse finance. 

One of the main things a buy to let mortgage lender will consider is how much rent you are likely to be able to charge on the property you intend to purchase.

As well as proving your income, as is required when applying for a first time buyer residential mortgage, a buy to let mortgage lender will expect you to demonstrate that the market rate for rental income on the property you want to buy is at least 145% of the mortgage repayments.

Find the right buy to let mortgage

If you’ve never owned a buy to let property before it can be tricky to know where to start. However, many lenders are now offering more attractive deals to first time landlords looking to buy to let.

Some lenders are offering buy to let mortgages for first time buyers at up to 80% loan to value (LTV), which could pave the way for those who want to get a mortgage for an investment property but have not held one before.

Use our buy to let mortgage calculator, below, to compare some of the latest rates from top lenders and see if there's one that suits your needs.

If you need specialist advice on getting a first time buyer buy to let mortgage, give us a call on 0117 403 4474 and speak to our dedicated mortgage team, who will be able to help you locate the best deal for your circumstances.

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Buy to Let Mortgages