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Buy To Let Remortgage Hotline call now 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: 4.32%
Rate type: 3 year fixed
Monthly cost: £982.2 per month
Product fee: £999
Overall cost for comparison: 7.6% APRC
Barclays 4.32% 3 year fixed 7.6% APRC £999 £982.2 per month get quotes Broker Only Deal
Initial rate: 4.33%
Rate type: 5 year fixed
Monthly cost: £983.21 per month
Product fee: £699
Overall cost for comparison: 7% APRC
Barclays 4.33% 5 year fixed 7% APRC £699 £983.21 per month get quotes Broker Only Deal
Initial rate: 4.34%
Rate type: 5 year fixed
Monthly cost: £984.22 per month
Product fee: £899
Overall cost for comparison: 7% APRC
Barclays 4.34% 5 year fixed 7% APRC £899 £984.22 per month get quotes Broker Only Deal
Initial rate: 4.39%
Rate type: 5 year fixed
Monthly cost: £989.29 per month
Product fee: £995
Overall cost for comparison: 7.1% APRC
TSB logo 4.39% 5 year fixed 7.1% APRC £995 £989.29 per month get quotes
Initial rate: 4.39%
Rate type: 5 year fixed
Monthly cost: £989.29 per month
Product fee: £999
Overall cost for comparison: 6.7% APRC
Nationwide Building Society logo 4.39% 5 year fixed 6.7% APRC £999 £989.29 per month get quotes Broker Only Deal
Initial rate: 4.40%
Rate type: 5 year fixed
Monthly cost: £990.31 per month
Product fee: £999
Overall cost for comparison: 6.1% APRC
HSBC logo 4.40% 5 year fixed 6.1% APRC £999 £500 cashback £990.31 per month get quotes Broker Only Deal
Initial rate: 4.44%
Rate type: 5 year fixed
Monthly cost: £994.38 per month
Product fee: £999
Overall cost for comparison: 6.7% APRC
Nationwide Building Society logo 4.44% 5 year fixed 6.7% APRC £999 £994.38 per month get quotes Broker Only Deal
Initial rate: 4.44%
Rate type: 5 year fixed
Monthly cost: £994.38 per month
Product fee: £899
Overall cost for comparison: 7% APRC
Barclays 4.44% 5 year fixed 7% APRC £899 £994.38 per month get quotes Broker Only Deal
Initial rate: 4.45%
Rate type: 5 year fixed
Monthly cost: £995.4 per month
Product fee: £995
Overall cost for comparison: 6.8% APRC
NatWest logo 4.45% 5 year fixed 6.8% APRC £995 £995.4 per month get quotes
Initial rate: 4.47%
Rate type: 5 year fixed
Monthly cost: £997.44 per month
Product fee: £0
Overall cost for comparison: 6.4% APRC
Santander logo 4.47% 5 year fixed 6.4% APRC £0 £997.44 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 ReMortgage

Our Buy to Let Remortgage Service - helping you make the right decision

"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. 

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How buy-to-let remortgages work

To all intents and purposes, a buy-to-let remortgage operates in a very similar way as a standard residential remortgage. You can choose from a range of buy to let mortgage offers, including fixed rate, variable rate, and tracker mortgage deals. However, buy-to-let mortgages can differ from residential mortgages in several key ways:

Buy to let minimum deposits – In general, the available loan to value (LTV) on buy to let property purchases is lower than those available for equivalent value residential purchases. The minimum loan to value required for a buy-to-let mortgage is usually around 20% to 25 % of the property’s value, as a minimum.

Buy to Let fees - Arrangement fees on buy-to-let mortgages can be a lot higher than on a residential mortgage.

Buy to let Interest rates – The interest rates charged by mortgage lenders on buy-to-let mortgages tend to be higher.

Proof of rental income – One of the key areas of difference between a buy-to-let mortgage and a mortgage on your home is how affordability is assessed. 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 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 125% of the mortgage repayments.

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