Selecting ‘Provider Links First’ brings all products that you can apply for directly via Moneyfacts to the top of the chart in rate order. Products that do not have an ‘Go To Provider's Site’ button will appear below, again in rate order. Selecting an option from the drop-down will change the chart to list all products in order depending on the option you have selected, with the best rate being at the top. Products that have ‘Go To Provider's Site’ links will still be in the list but in rate position.
The NRLA are the UK's largest membership organisation for private residential landlords, supporting and representing over 95,000 members.
Whether it’s your first investment in property, or you’re expanding your portfolio, Mortgage Advice Bureau are the experts who can save you time and money by finding the right mortgage for your circumstances. Your home may be repossessed if you do not keep up repayments on your mortgage.
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Most Buy-To-Let mortgages are not regulated by the Financial Conduct Authority (FCA). Whether a Buy-To-Let mortgage is regulated depends on your personal circumstances. The above information assumes that FCA regulation does not apply to the mortgage products shown.
Mortgage Advice Bureau offers fee free mortgage advice for Moneyfacts visitors that call on 0808 149 9177 or email moneyfacts@mab.org.uk. If you contact Mortgage Advice Bureau outside of these channels you may incur a fee of up to 1%.
DisclaimerYOUR BUY-TO-LET PROPERTY MAY BE REPOSSESSED IF YOU FAIL TO KEEP UP REPAYMENTS ON ANY MORTGAGE SECURED ON IT. Written quotations are available from individual lenders. Loans are subject to status and valuation and are not available to persons under the age of 18. All rates are subject to change without notice. Please check all rates and terms with your lender or financial adviser before undertaking any borrowing.
Provider Links‘Go To Provider's Site’ links are where we have an arrangement with a provider so you can move directly from our site to theirs to view more information and apply for a product. We also use ‘Speak to A Broker’ links where we have an arrangement with a preferred broker to move you directly to their site. Depending on the arrangement we may receive a modest commission either when you press a 'Go To Provider's Site' or 'Speak To A Broker' button, when you call an advertised number or when you complete an application following a link from our website.
A two year buy to let mortgage can be used to invest in a property that you are going to rent out to someone else. The rates you pay to your lender will not increase or decrease for two years. After the two years are up, you will usually be transferred to the lender’s standard variable rate.
Two year fixed rate mortgages can provide the security of fixed regular payments while still giving you the ability to remortgage after two years.
Fixed rates are great if you want to know exactly what you are paying for a set period. Specifically, in terms of buy to let they can be a great way to manage your costs. Sometimes fixed rates aren't as cheap as the best tracker rates available to landlords, but they do offer the certainty that your payment will not increase for two years.
This will vary from provider to provider, and will depend on your chosen loan-to-value (LTV) and deposit size. However, a two year fixed buy to let mortgage will usually come with higher interest rates than a residential mortgage of the same duration. They may also have higher application fees and often require deposits of at least 20%.
Mortgage brokers remove a lot of the paperwork and hassle of getting a mortgage, as well as helping you access exclusive products and rates that aren’t available to the public. Mortgage brokers are regulated by the Financial Conduct Authority (FCA) and are required to pass specific qualifications before they can give you advice.
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Mortgage Advice Bureau offers fee free mortgage advice for MoneyfactsCompare visitors that call on 0808 149 9177. If you contact Mortgage Advice Bureau outside of these channels you may incur a fee of up to 1%. Lines are open Monday to Friday 8am to 8pm and Saturday 9am to 1pm excluding bank holidays. Calls may be recorded.
Your home may be repossessed if you do not keep up repayments on your mortgage.
When you apply for a buy to let mortgage, your lender will perform certain checks to make sure you can afford the mortgage before they offer it to you. Their decision will be based on:
With short-term fixed rates, you should also consider the costs of remortgaging your buy-to-let property regularly. When your fixed rate period comes to an end your mortgage will usually switch to your lender's buy to let standard variable rate, or possibly a tracker based variable rate. This is likely to be higher than your fixed rate, so if you don't remortgage, it's important you have enough manoeuvre in your budget to absorb the higher mortgage costs. Remortgaging will involve paying new mortgage fees and possibly legal fees if you move to mortgage to a different lender.