Top 6 cracking five-year buy-to-let mortgages - Buy To Let - News - Moneyfacts

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Top 6 cracking five-year buy-to-let mortgages

Top 6 cracking five-year buy-to-let mortgages

Category: Buy To Let

Updated: 27/02/2013
First Published: 27/02/2013

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
The buy-to-let mortgage sector has experienced something of a comeback over the past couple of years, mainly as a result of exceptionally high demand within the rental property market.

A growing number of homeowners, who are unable to move, have chosen to rent out properties instead, becoming so-called 'accidental landlords'. It is thought that around 30% of all property landlords fall into this bracket.

Mortgage lenders have reacted to the situation by widening their buy-to-let product ranges. A total of 477 buy-to-let mortgages are currently available, compared with 252 in 2010.

Top 6 five-year fixed-rate BTL mortgages:

Accord Mortgages
Accord Mortgages


3.99% fixed to 31.3.18
  • Maximum loan-to-value 75%
  • Advances between £50,000 and £500,000
  • £195 fee, plus 1.75% of mortgage advance
  • Incentives of free valuation fees and £250 rebate
  • Overpayments up to 10% of outstanding balance

See best buys

Penny saysPenny says…
"Leading the way in the five-year fixed market is this deal from Accord Mortgages, available via selected intermediaries online.

"Investors must be aware that there are two parts to the arrangement fee, with the lower sum of £195 required upfront. The additional 1.75% of the borrowing amount can either be paid upfront or can be added to the advance."


Birmingham Midshires Solutions
Birmingham Midshires Solutions

3.99% fixed to 31.5.18
  • Maximum loan-to-value 60%
  • Minimum advance of £25,001
  • £275 fee, plus 2.50% of mortgage advance
  • £500 rebate incentive

See best buys

Penny saysPenny says…
"This deal, available online via intermediaries, offers an appealing mortgage package to investors.

"Despite being exclusively available to borrowers who conduct their conveyancing through BM Solutions, this deal should attract a fair amount of interest from investors looking for a competitive long-term rate."


Virgin Money
Virgin Money

4.09% fixed to 1.6.18
  • Maximum loan-to-value 60%
  • 2.50% of mortgage advance fee
  • £500 rebate incentive
  • Overpayments up to 10% of outstanding balance

See best buys

Penny saysPenny says…
"Sitting in bronze position is this competitive deal from Virgin Money, available either directly or via intermediaries.

"As well as offering a best buy rate of 4.09%, borrowers also have the flexibility to make overpayments of up to 10% of the outstanding mortgage amount."


Birmingham Midshires Solutions
Birmingham Midshires Solutions

4.14% fixed to 31.5.18
  • Maximum loan-to-value 60%
  • £275 fee, plus 2.50% of mortgage advance
  • £500 rebate incentive

See best buys

Penny saysPenny says…
"This deal offers a competitive rate to investors looking to borrow up to 60% of the property value.

"Available online via intermediaries, the product has a split fee of £275 and 2.50% of the mortgage amount, which can both be paid either upfront or added to the advance."


Skipton Building Society
Skipton Building Society

Bond 1st Issue


4.29% fixed to 31.5.18
  • Maximum loan-to-value 70%
  • Minimum advance of £25,000
  • £245 upfront fee, plus £750 added to advance
  • Incentives of free valuation fees and free legal fees for remortgage borrowers
  • Overpayments up to 10% of outstanding balance

See best buys

Penny saysPenny says…
"Available directly or via intermediaries, this competitive mortgage just makes it into the top five.

"Despite offering a slightly higher rate than its competitors, this deal has a reasonable combined fee of £995, as well as generous incentives for remortgage customers, so should appeal to investors looking to keep initial costs down."


Information & Rates correct as at: 27/02/2013

What next?

Speak to a BTL mortgage adviser
Compare BTL mortgages for new landlords
Buy to let guides

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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