The Best 75 BTL Mortgages UK 2021 | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 13/04/2021

There are more 75% loan-to-value (LTV) mortgage deals available in the buy-to-let (BTL) charts than any other LTVs, making this by far the most popular LTV with lenders. In fact, today there are currently 885 BTL deals available in the 75% LTV chart, compared with just 342 BTL deals at 70% LTV, 346 at 65% LTV, 268 at 60% LTV, 126 at 80% LTV and just 12 at 85% LTV.

Clearly, landlords with a 25% deposit have a vast amount of choice when it comes to selecting the right BTL mortgage deal. While more choice can help landlords choose the right deal for their needs, they should keep in mind that lower average rates are available on lower LTVs, with the Moneyfacts records showing that the lowest average rate is available at a 50% LTV, which currently stands at 1.99% on two year fixed deals and 2.38% on five year fixed deals. The current average rate on a two year fixed BTL deal at a 75% LTV is 3.03%, meanwhile the average five year fixed BTL rate is 3.42%.

Saying this, there are lower than average rates in the 75% BTL chart. To help landlords get a clearer idea of what deals and rates are available in the 75% BTL charts, below we’ve selected some of the most competitive deals, including the lowest rate as well as low rates with attractive incentives.

The deals selected below highlight what is available in our 75% LTV BTL chart and should not be considered as the best deal for you. Instead, it is important to select a deal by taking into account your personal needs and circumstances and it may be worthwhile speaking to a mortgage broker who will be able to highlight the deals that are right for you.

Two year fixed 75% LTV BTL mortgage deals

The lowest two year fixed rate overall in the 75% LTV BTL chart comes from The Mortgage Works, which offers 1.59% (5.0% APRC) fixed until 31 May 2023 and then 5.24% variable thereafter. This deal charges a product fee at 2% of the mortgage amount. Landlords must have a rental income of a minimum of 125% of the mortgage interest to get this deal. It does not offer any incentives.

The lowest two year fixed rate available with an incentive in this chart is also available from The Mortgage Works which offers 1.64% (5.0% APRC) fixed until the 31 May 2023 and then reverts to 5.24% variable. This deal charges a product fee at 2% of the mortgage amount and landlords must have a rental income from a minimum of 125% of the mortgage interest. It comes with the incentive of free valuations and £250 cashback.

Five year fixed 75% LTV BTL mortgage deals

The lowest five year fixed rate in the 75% LTV BTL chart comes from TSB which offers 1.99% (3.9% APRC) fixed until 30 June 2026 and then reverts to 4.44% variable. This deal has a product fee of £1,995 and landlords are required to have a rental income from a minimum of 145% of mortgage interest. It comes with the incentive of free valuations. For landlords remortgaging there is a remortgage option of this deal that has the incentive of free valuations and no legal fees.

Platform has a competitive five year deal in the 75% LTV chart offering 2.03% (4.6% APRC) fixed until 31 July 2026, which then reverts to 5.50% variable. This deal charges £1,999 in product fees and landlords must have a rental income from a minimum of 128% of the mortgage interest. It comes with the incentive of free valuations, and for landlords remortgaging, no legal fees and £500 cashback.

For more information about these deals and compare all the deals available visit our 75% LTV BTL mortgage chart.

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. Links to third parties on this page are paid for by the third party. You can find out more about the individual products by visiting their site. Moneyfacts.co.uk will receive a small payment if you use their services after you click through to their site. All information is subject to change without notice. Please check all terms before making any decisions. This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.

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