Buy-to-Let Tracker Mortgages - Best Rates | moneyfacts.co.uk

Best Buy To Let Mortgages - Tracker Rate

  - Find the best buy to let mortgage deals at moneyfacts.co.uk. Compare tracker rate BTL mortgages using our unbiased Best Buy table.
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Compare the Best Tracker Rate Mortgages

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Rate APRC Mortgage Type Period Max LTV Redemption Apply Today  
 

1.29%
Reverting to 4.99%
5.2% Variable 31/10/2020 60% To 31/10/2020 Details...
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  Product Fee: Completion £2499  

1.46%
Reverting to 4.99%
5.1% Variable 31/10/2020 60% To 31/10/2020 Details...
Go to Site
 
  Product Fee: Completion £999  

1.46%
Reverting to 4.99%
5.2% Variable 31/10/2020 70% To 31/10/2020 Details...
Go to Site
 
  Product Fee: Completion £2499  

1.82%
Reverting to 4.99%
5.2% Variable 31/10/2020 70% To 31/10/2020 Details...
Go to Site
 
  Product Fee: Completion £999  

2.39%
Reverting to 5.19%
4.8% Variable 01/03/2021 70% To 01/03/2021 Details...
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  Product Fee: Arrangement £995  

2.44%
Reverting to 4.75%
4.5% Variable 2 years 75% 1st 2 yrs Details...
Speak to an Adviser
 
  Product Fee: Booking £999  

2.44%
Reverting to 5.25%
5.0% Variable 2 years 75% None Details...
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  Product Fee: Booking £1999  

2.49%
Reverting to 5.19%
4.8% Variable 01/03/2021 75% To 01/03/2021 Details...
Go to Site
 
  Product Fee: Arrangement £995  

2.65%
Reverting to 5.19%
4.9% Variable 2 years 75% None Details...
Speak to an Adviser
 
  Product Fee: Completion £495  

2.94%
Reverting to 5.25%
5.0% Variable 2 years 75% None Details...
Go to Site
 
  Product Fee: Booking £349  
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5.60%
 for Term
5.9% Variable Term 80% None Details...
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  Product Fee: Arrangement £999  

5.60%
 for Term
5.9% Variable Term 80% None Details...
Go to Site
 
  Product Fee: Arrangement £999  

Moneyfacts.co.uk Best Buys show the best products chosen by our independent experts. Where we have been able to we have also provided a link for you to apply via Moneyfacts.co.uk today. Products shown with a yellow background are sponsored products.

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.

Disclaimer:
YOUR 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.
 

On this page:

  1. What are tracker rate buy-to-let mortgages?
  2. How do variable buy-to-let mortgages work?
  3. Why consider a variable rate mortgage?

What are tracker rate buy-to-let mortgages?

Buy-to-let mortgages are available in fixed and tracker rates, just like the mortgages you can get on your own home. buy-to-let tracker rate mortgages are available over introductory two, three or five year periods, or even for the full term of your mortgage.

Tracker rates are usually linked to the Bank of England base rate, and will increase or decrease in line with this (read more about tracker rate mortgages).

Warning SignAs tracker rates are variable you must make sure that you have enough flex in your budget to absorb a higher mortgage payment if rates rise.

In terms of buy-to-let, a variable tracker can help you maximise profits when rates are low, but they can be crippling if rates suddenly jump – just a 1% rise in the Bank of England base rate could add £84 per month to your mortgage payment (based on an interest only mortgage of £100,000).

How do variable buy-to-let mortgages work?

Variable rate buy-to-let mortgages nearly always track the Bank of England vase rate. Whether the mortgage rate is set at a margin above or below base rate will depend on the provider.

Base is currently 0.25%, so if you see a mortgage advertised at, for example, 2.25% plus base rate, your actual rate will be 2.5% for as long as base rate remains at 2.25%. If base rate were to hypothetically increase to 0.5% your mortgage rate would increase to 2.75%. Or if base rate falls to 0.15%, your mortgage rate would be 2.4%.

As always, your home may be repossessed if you do not keep up repayments so you must be sure that you would be able to afford your mortgage if base rate goes up. If there’s a chance that you can’t afford it, a tracker mortgage may not be the best option for you. Try looking at fixed rate buy-to-let mortgages instead.

Why consider a variable rate mortgage?

Because variable rate buy-to-let mortgages depend on the base rate set by the Bank of England, you may end up paying less than you would have with a fixed rate buy-to-let mortgage for as long as base rate remains low. Likewise, when interest rates go up, so will your mortgage repayments.

What next?

Speak to a buy-to-let mortgage adviser

Compare all buy-to-let mortgages

Compare 2 year fixed buy-to-let mortgages

Compare 3 year fixed buy-to-let mortgages

Compare 5 year fixed buy-to-let mortgages

Compare buy-to-let mortgages for new landlords

Read our buy-to-let guides

Written by Leanne Macardle, last updated: 10/10/2018

 
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