The Best Buy To Let Mortgage Deals | moneyfacts.co.uk

Derin Clark

Derin Clark

Online Reporter
Published: 12/08/2020

With a volatile stock market and the temporary increase in the stamp duty threshold to £500,000, investing in property could be a more attractive option for investors looking to diversify their investment portfolio.

For those looking to expand their buy-to-let (BTL) portfolio or who are thinking about purchasing their first BTL property, we’ve rounded up some of the best* BTL mortgage deals currently available on the market.

If you are thinking about investing in a buy-to-let property, you can calculate the potential return on investment using our Buy to Let calculator.

The best two year fixed BTL deals

Provider Rate Initial rate period Max LTV Product fee
NatWest 1.35% 30.09.2022 60% £995
Post Office Money® 1.50% 30.11.2022 60% £1,495
Skipton Building Society 1.59% 31.10.2022 60% £995
Virgin Money 1.64% 01.11.2022 75% £1,995

 

NatWest currently has one of the best BTL two year fixed rate mortgage deals, offering a rate of 1.35% (3.9% APRC) fixed until 30 September 2022, which then reverts to 4.09% variable. This deal is available at 60% loan-to-value (LTV) and charges £995 in product fees.

Also offering a highly competitive deal is Post Office Money®, which offers a rate of 1.50% (4.3% APRC) fixed until 30 November 2022 and then reverts to 4.59% variable. This deal is also available at 60% LTV and charges £1,495 in product fees.

Another competitive two year fixed BTL deal at 60% LTV comes from Skipton Building Society, which offers a rate of 1.59% (4.5% APRC) fixed until 31 October 2022, reverting to 4.84% variable thereafter. This deal charges £995 in product fees.

Alternatively, those looking for a two year fixed BTL deal at 75% LTV will find Virgin Money has one of the most competitive deals. It offers a rate of 1.64% (4.3% APRC) fixed until 1 November 2022, which then reverts to 4.54% variable. This deal charges £1,995 in product fees.

The best five year fixed BTL deals

Provider Rate Initial rate period Max LTV Product fee
Virgin Money 1.79% 01.11.2025 60% £1,995
Post Office Money® 1.84% 30.11.2025 60% £1,495
Skipton Building Society 1.85% 31.10.2025 60% £995
Virgin Money 2.04% 01.11.2025 75% £1,995

 

Those looking for a five year fixed BTL deal at 60% LTV will find that Virgin Money has one of the most competitive deals, offering a rate of 1.79% (3.9% APRC) fixed until 1 November 2025, which then reverts to 4.54% variable. This deal charges £1,995 in product fees.

Post Office Money® also has a highly attractive five year BTL deal at 60% LTV, offering a rate of 1.84% (3.9% APRC) fixed until 30 November 2025, after which it reverts to 4.59% variable. The product fees on this deal are £1,495.

Alternatively, Skipton Building Society also has a highly competitive deal in the five year fixed BTL chart at 60% LTV. It offers a rate of 1.85% (4.1% APRC) fixed until 31 October 2025, which then reverts to 4.84% variable. This deal charges £995 in product fees.

For those looking for a five year fixed BTL deal at 75% LTV, Virgin Money has one of the most attractive deals in the chart. It offers a rate of 2.04% (3.9% APRC) fixed until 1 November 2025, after which it reverts to 4.54% variable. It charges £1,995 in product fees.

The best first-time landlord deals

Provider Rate Initial rate period Max LTV Product fee
NatWest 1.35% 30.09.2022 60% £995
Leek United Building Society 1.85% Two years 65% £0
Post Office Money® 2.18% 30.11.2022 75% £0
Principality Building Society 2.15% 30.11.2022 75% £0

 

For those who are considering buying their first BTL property, NatWest has one of the most attractive first-time landlord deals in the chart. It offers a rate of 1.35% (3.7% APRC) fixed until 30 September 2022, after which it reverts to 4.09% variable. This deal is available to those looking for a 60% LTV and it charges £995 in product fees.

First-time landlords looking for a 65% LTV will find Leek United Building Society has one of the most competitive deals, offering a discounted variable rate of 1.85% (4.7% APRC) for two years, which then reverts to 5.19%. This deal does not charge any product fees.
Post Office Money® has a highly competitive first-time landlord deal at 75% LTV, offering a rate of 2.18% (4.2% APRC) fixed until 30 November 2022, which then reverts to 4.59% variable. Again, this deal does not charge any product fees.

Another highly competitive first-time landlord deal at 75% LTV comes from Principality Building Society, which offers 2.15% (4.0% APRC) discounted variable until 30.11.2022, and then reverts to 4.40%. There are also no product fees with this deal.

For information about becoming a BTL landlord, read our guide Five steps to becoming a buy-to-let landlord

Those unsure about which BTL deal is right for their needs should consider speaking to a mortgage broker who will be able to provide help on choosing the best deal. 

*These deals have been chosen by experts who have taken into account a range of factors, including rate and product fee.

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.

keys in door lock

Cookies

Moneyfacts.co.uk will, like most other websites, place cookies onto your device. This includes tracking cookies.

I accept. Read our Cookie Policy