This table shows some of the best buy to let mortgages and buy to let remortgages currently available on the market. Many buy to let mortgage commentators are predicting that this year will be a good year for the buy to let mortgage market.  First time buyers continue to struggle to get anywhere near the first rung of the ladder, which means they will be forced to rent.  This is obviously a good opportunity for buy to let investors to increase their portfolios and snap up buy to let properties. 

What represents the best buy to let mortgages for you will depend on your personal circumstances. Many people prefer to opt for a competitive fixed rate so that they know what their outgoings will be; for others, the lowest rate is of utmost importance for their buy to let yield.  

John Charcol can offer advice on buy to let mortgages for the accidental landlord right up to the professional, portfolio buy to let landlord.  Take a look at the best buy to let mortgages below and then give one of our experienced, buy to let mortgage advisers a call to discuss further.

The buy to let mortgage market requires advice as there are so many different buy to let mortgages on the market, with a wide range of fees and rates.

Initial Rate
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Total amount of credit
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Monthly repayments
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Scheme fees
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Total amount payable
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Overall rate
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Max Loan to value 65%: BTL Flexx Variable for term
Initial Rate
2.19% Flexx variable rate for term which is managed by Godiva Mortgages Ltd
Total amount of credit
£292,500
Monthly repayments
£1,266
Scheme fees
£2,007
Total amount payable
£381,983
Overall rate
2.30% APRC

Fees and charges:

Booking Fee£0
Arrangement fee£1,999
Valuation fee£0
Other fees£8
Cashback£0

Flexibility:

Overpayments allowed?No restrictions on the amount that can be overpaid
Early Repayment ChargesNo early repayment charge but a fee of £125 is payable when the mortgage is redeemed

Other info:

Exit fee£125
Basic legalsPayable
Special DealFree Valuation (Maximum £700). Free Legal Service for Remortgages
Call now for more information: 0344 346 3672
Representative example A mortgage of £292,500 payable over 25 years on a repayment basis, initially on a flexx variable rate for 25 years would require 300 payments of £1,266.17. The total amount payable would be £381,983 made up of the loan amount plus interest (£87,351) and fees (£2,132 which includes exit fees of £125). The overall cost for comparison is 2.30% APRC representative
Max Loan to value 75%: BTL 2 Year 2.29% Fixed. Minimum loan £300,000.
Initial Rate
2.29% Fixed until 30/09/2018 then 4.59%- Bank Base rate plus 4.34% for term
Total amount of credit
£337,500
Monthly repayments
£1,478
Scheme fees
£2,585
Total amount payable
£550,900
Overall rate
4.30% APRC

Fees and charges:

Booking Fee£0
Arrangement fee£1,995
Valuation fee£590
Other fees£0
Cashback£0

Flexibility:

Overpayments allowed?10% per annum
Early Repayment Charges3% until 30/09/2017 followed by 2% until 30/09/2018

Other info:

Exit fee£295
Basic legalsPayable- BM Conveyancing Only.
Special Deal
Call now for more information: 0344 346 3672
Representative example A mortgage of £337,500 payable over 25 years on a repayment basis, initially on a fixed rate for 2 years at 2.29% and then on a tracker variable rate of 4.59% (which is 4.34% above Bank Base Rate, currently 0.25%) for the remaining 23 years would require 25 payments of £1,477.63 and 275 payments of £1,858.47. The total amount payable would be £550,900 made up of the loan amount plus interest (£210,520) and fees (£2,880 which includes exit fees of £295). The overall cost for comparison is 4.30% APRC representative
Max Loan to value 60%: BTL 3 Year 2.29% Fixed.
Initial Rate
2.29% Fixed until 01/11/2019 then 4.74% Variable for term
Total amount of credit
£270,000
Monthly repayments
£1,182
Scheme fees
£2,270
Total amount payable
£438,458
Overall rate
4.20% APRC

Fees and charges:

Booking Fee£0
Arrangement fee£1,995
Valuation fee£275
Other fees£0
Cashback£750

Flexibility:

Overpayments allowed?10% per annum
Early Repayment Charges3.5% until 01/11/2019

Other info:

Exit fee£50
Basic legalsPayable
Special Deal£750 cashback payable on completion
Call now for more information: 0344 346 3672
Representative example A mortgage of £270,000 payable over 25 years on a repayment basis, initially on a fixed rate for 3 years at 2.29% and then on a variable rate of 4.74% for the remaining 22 years would require 38 payments of £1,182.10 and 262 payments of £1,493.20. The total amount payable would be £438,458 made up of the loan amount plus interest (£166,138) and fees (£2,320 which includes exit fees of £50). The overall cost for comparison is 4.20% APRC representative.

Legal

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

John Charcol is a trading name of John Charcol Limited and its Appointed Representatives. John Charcol Limited is authorised and regulated by the Financial Conduct Authority. The Financial Services Register number is 665649. Registered in England No. 9157892. Registered office address for John Charcol Limited is 5th Floor, Cutlers Exchange, 123 Houndsditch, London, EC3A 7BU. The FCA does not regulate some investment mortgage contracts. Calls may be recorded for training and monitoring.