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Mortgage & Equity Release - Call Us 0117 403 4474

0.94% APR 

  • Fixed for 28 months
  • 60% LTV - Interest only option
  • Overall cost for comparison 3.20%

Representative Example: 

Mortgage of £100,000 on property valued at £200,000 over term of 25 years.

Rate fixed for 2 years after which reverts to NatWest variable rate of 3.59%.

Call RBS on 0800 068 7706

1.13% APR

  • Fixed for 64 Months
  • 60% LTV - Interest Only
  • Overall cost for comparison 2.70%

Representative Example: 

Mortgage of £180,000 on property valued at £300,000 over term of 25 years.

Rate fixed for 5 years after which reverts to NatWest variable rate of 3.59%.

Call NatWest FREE on 0800 068 8567

3.64% APR 

  • Fixed for 26 months
  • 95% LTV - £500 CASHBACK Offer!
  • Overall cost for comparison 3.30%

Representative Example: 

Mortgage of £100,000 on property valued at £200,000. Term of 25 years.

Rate fixed for 26 months then reverts to variable rate of 4.34%.

Call Virgin Money FREE on 0330 057 1528

Details sort by initial rateLenderInitial rate Rate type Overall cost for comparisonMax LTVProduct feeMonthly cost Enquire
Initial rate: 0.94%
Rate type: Fixed 24 months
Monthly cost: £561.24 per month
Max LTV: 60%
Product fee: £999
Overall cost for comparison: 3.3% APRC
Nationwide BS logo 0.94% Fixed 24 months 3.3% APRC 60% £999 £561.24 per month get quotes Call us0117 403 4474 More details Broker Only Deal
Initial rate: 0.95%
Rate type: Fixed 26 months
Monthly cost: £561.92 per month
Max LTV: 60%
Product fee: £1,499
Overall cost for comparison: 3.9% APRC
Platform logo 0.95% Fixed 26 months 3.9% APRC 60% £1,499 £250 cashback £561.92 per month get quotes Call us0117 403 4474 More details
Initial rate: 0.98%
Rate type: Fixed 26 months
Monthly cost: £563.95 per month
Max LTV: 60%
Product fee: £1,999
Overall cost for comparison: 3.7% APRC
Cumberland BS logo 0.98% Fixed 26 months 3.7% APRC 60% £1,999 £563.95 per month get quotes Call us0117 403 4474
Initial rate: 0.98%
Rate type: Fixed 26 months
Monthly cost: £563.95 per month
Max LTV: 60%
Product fee: £1,999
Overall cost for comparison: 3.7% APRC
Cumberland BS logo 0.98% Fixed 26 months 3.7% APRC 60% £1,999 £563.95 per month get quotes Call us0117 403 4474
Initial rate: 0.99%
Rate type: Fixed 24 months
Monthly cost: £564.63 per month
Max LTV: 60%
Product fee: £995
Overall cost for comparison: 3.9% APRC
Progressive BS logo 0.99% Fixed 24 months 3.9% APRC 60% £995 £564.63 per month get quotes Call us0117 403 4474 More details Broker Only Deal
Initial rate: 1.00%
Rate type: Fixed 27 months
Monthly cost: £565.31 per month
Max LTV: 70%
Product fee: £999
Overall cost for comparison: 3.0% APRC
Santander logo 1.00% Fixed 27 months 3.0% APRC 70% £999 £565.31 per month get quotes Call us0117 403 4474 More details
Initial rate: 1.00%
Rate type: Fixed 27 months
Monthly cost: £565.31 per month
Max LTV: 70%
Product fee: £999
Overall cost for comparison: 3.0% APRC
Santander logo 1.00% Fixed 27 months 3.0% APRC 70% £999 £565.31 per month get quotes Call us0117 403 4474 More details Broker Only Deal
Initial rate: 1.02%
Rate type: Fixed 26 months
Monthly cost: £566.67 per month
Max LTV: 60%
Product fee: £995
Overall cost for comparison: 3.9% APRC
Skipton BS logo 1.02% Fixed 26 months 3.9% APRC 60% £995 £566.67 per month get quotes Call us0117 403 4474 More details Broker Only Deal
Initial rate: 1.05%
Rate type: Fixed 25 months
Monthly cost: £568.71 per month
Max LTV: 60%
Product fee: £999
Overall cost for comparison: 3.3% APRC
Barclays Mortgage logo 1.05% Fixed 25 months 3.3% APRC 60% £999 £568.71 per month get quotes Call us0117 403 4474 More details Broker Only Deal
Initial rate: 1.05%
Rate type: Fixed 27 months
Monthly cost: £568.71 per month
Max LTV: 65%
Product fee: £999
Overall cost for comparison: 4.3% APRC
Leeds BS logo 1.05% Fixed 27 months 4.3% APRC 65% £999 £568.71 per month get quotes Call us0117 403 4474 More details 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

Conversion To Buy To Let Mortgage

Our Mortgage Service - Converting to a buy to let mortgage

Special features of what we offer include:

  • Specialist buy to let adviser team
  • Whole of market service - we work with a wide range of UK lenders
  • Access to leading market buy to let mortgage rates
  • Access to exclusive loan deals not available on high street
  • Fast turnaround - speak to us today if you need to move quickly
  • We have lenders who will take into account previous defaults and missed payments 
  • Looking to raise additional finance on top of your existing mortgage or buy to let mortgage? - we have access to a range of finance solutions

To investigate your mortgage options if you are switching from a residential to a buy to let mortgage call our mortgage team or fill in our call back form.

How to convert your mortgage to a buy to let mortgage

Sometimes your circumstances in life can change, you may want to move in with a partner or get an exciting job offer that requires you to relocate and as a result decide to let out your property, but that can leave the question of what to do about your mortgage. You may need to carry out a conversion to buy to let mortgage as if you let out a property using your existing arrangements you could find yourself in breach of contract with your lender.

If you are currently locked into the middle of your mortgage’s initial period it may first be worth contacting the lender and asking for a consent to let agreement, which a few lenders offer, this will allow you to rent the property on your current mortgage until the end of its initial period, there are fees involved but it could save you the charges involved for switching your plan midterm.

Consent to let agreements are often assessed on a case by case basis, where you need to prove that you wish to let your property out due to a change of circumstance and you did not originally purchase it with the idea of using it as an investment property.

If your lender does not offer consent to let agreements or your request is declined you will need to pay for the early redemption of your current mortgage as well as the costs involved for arranging a buy to let mortgage.

Buy to let mortgage conversion costs

You may find that the fees involved with buy to let mortgages are higher than you experienced on your previous residential mortgage. Buy to let mortgages generally incur higher arrangement fees as well as interest rates than their residential counterparts.

  • Providing a 20% deposit is a common requisite of buy to let mortgages with many providers, therefore if you do not currently have at least 20% equity on your mortgage you may be required to pay the difference when remortgaging.   
  • You will also need to pay a fee to the lender for a rental valuation of the property, they will not simply take your word for how much you think you could let the property for; many lenders require the monthly potential rental income to be at least 125% of the monthly mortgage repayment fee meaning your application could be declined if you do not have enough equity in the property to keep your monthly repayments within this bracket.

If you are thinking about a conversion to buy to let you may find that speaking to an independent mortgage broker who can research the whole market may be helpful.

If you want to find out more about conversion to buy to let you can fill in the form on the side of this page to receive a call back from one of the Fair Mortgages team who can provide a free initial conversation about mortgages, you may also like to use the calculator tool on this website to compare what buy to let mortgages may be available. 

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Call us on 0117 403 4474 or Request a Callback on converting to a buy to let mortgage

For a FREE initial conversation about your mortgage options complete our short enquiry form.

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