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Buy To Let Mortgage Hotline - Call 0117 403 4474

What is your mortgage for?

 
Details sort by initial rateLenderInitial rate Rate type Overall cost for comparison Product fee Monthly cost Enquire
Initial rate: 3.79%
Rate type: 2 year fixed
Monthly cost: £1161.7 per month
Product fee: £6,750
Overall cost for comparison: 8.5% APRC
The Mortgage Works logo 3.79% 2 year fixed 8.5% APRC £6,750 £1161.7 per month get quotes Broker Only Deal
Initial rate: 4.14%
Rate type: 5 year fixed
Monthly cost: £1205.09 per month
Product fee: £6,750
Overall cost for comparison: 7.4% APRC
The Mortgage Works logo 4.14% 5 year fixed 7.4% APRC £6,750 £1205.09 per month get quotes Broker Only Deal
Initial rate: 4.17%
Rate type: 2 year fixed
Monthly cost: £1208.85 per month
Product fee: £6,750
Overall cost for comparison: 9.1% APRC
Virgin Money logo 4.17% 2 year fixed 9.1% APRC £6,750 £1208.85 per month get quotes Broker Only Deal
Initial rate: 4.19%
Rate type: 1 year fixed
Monthly cost: £1211.36 per month
Product fee: £4,500
Overall cost for comparison: 9% APRC
The Mortgage Works logo 4.19% 1 year fixed 9% APRC £4,500 £1211.36 per month get quotes Broker Only Deal
Initial rate: 4.19%
Rate type: 2 year fixed
Monthly cost: £1211.36 per month
Product fee: £11,250
Overall cost for comparison: 9.1% APRC
Metro Bank logo 4.19% 2 year fixed 9.1% APRC £11,250 £1211.36 per month get quotes Broker Only Deal
Initial rate: 4.22%
Rate type: 5 year fixed
Monthly cost: £1215.13 per month
Product fee: £6,750
Overall cost for comparison: 7.7% APRC
Virgin Money logo 4.22% 5 year fixed 7.7% APRC £6,750 £1215.13 per month get quotes Broker Only Deal
Initial rate: 4.29%
Rate type: 5 year fixed
Monthly cost: £1223.96 per month
Product fee: £3,999
Overall cost for comparison: 7.6% APRC
Birmingham Midshires 4.29% 5 year fixed 7.6% APRC £3,999 £1223.96 per month get quotes Broker Only Deal
Initial rate: 4.34%
Rate type: 5 year fixed
Monthly cost: £1230.28 per month
Product fee: £3,999
Overall cost for comparison: 7.6% APRC
Birmingham Midshires 4.34% 5 year fixed 7.6% APRC £3,999 £1230.28 per month get quotes Broker Only Deal
Initial rate: 4.37%
Rate type: 2 year fixed
Monthly cost: £1234.08 per month
Product fee: £6,750
Overall cost for comparison: 9.1% APRC
Virgin Money logo 4.37% 2 year fixed 9.1% APRC £6,750 £1234.08 per month get quotes Broker Only Deal
Initial rate: 4.39%
Rate type: 2 year fixed
Monthly cost: £1236.62 per month
Product fee: £12,375
Overall cost for comparison: 10.1% APRC
Keystone Property Finance logo 4.39% 2 year fixed 10.1% APRC £12,375 £1236.62 per month get quotes 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 Loan to Value Rates

Buy to Let Mortgages Loan to Value Rate

What is a loan to value (LTV) rate?

Similar to any other mortgage, a buy to let mortgage requires the borrower to put down a deposit on the property. However, whilst a homeowner can often secure a residential mortgage for as little as 5%, you are more than likely going to dig deeper into your pocket to secure a buy to let mortgage.

Loan to value is all about how much mortgage you have in relation to how much your property is worth. It’s usually expressed as a percentage figure that reflects the percentage of your property that is mortgage and the amount of equity you own. Consequently, if you owe more on your property than it is worth, it is known as being in negative equity.

Currently, buy to let mortgages are available of up to 85% loan to value, meaning the borrower would be required to put down a deposit of 15%. However, these rates are rare and a more realistic loan to value figure you can expect to receive is 75%.

How to reduce the LTV rate on my property

Ensuring you keep your LTV as low as possible is key, particularly if you are planning on remortgaging your property. There are two ways in which you can influence your LTV dependant on what mortgage you have.

Repayment mortgage – With a repayment mortgage, your monthly payments include both the accrued interest and a portion of the actual loan so you repay it gradually. On maturity, the entire debt is clearInterest only mortgage - Interest only mortgages involve only paying the interest during the term, and are a popular choice due to the lower monthly repayments. However, you will still owe the entire loan amount when the loan matures; and consequently, won’t reduce your LTV.

Our Services

As a mortgage broker, we can give you advice and help you find the best mortgage deal with a LTV rate that suits your personal circumstances. We provide a whole of market service, which means we have access to exclusive, leading buy to let mortgages with a range of different LTV rates. If you would like any advice or guidance on purchasing a mortgage with a suitable LTV for you, why not call us today on 0117 403 4474, for a free initial consultation with one of our buy to let mortgage advisory team, or fill in the online contact form to request a call back.buy to let mortgages loan to value rates

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBTS SECURED ON IT.

Fair Mortgages Limited is an appointed representative of Fair Investment Company Ltd which is authorised and regulated by the Financial Conduct Authority.