Looking to remortgage your buy to let property?

The table below highlights our pick of the best, buy to let remortgage deals currently on the market. When you remortgage a buy to let property (BTL) you're taking out a new mortgage on an existing property you already own. You can do this either to replace your existing mortgage and potentially move to an improved rate. But you might also choose to remortgage to release funds for home improvements or to raise a deposit to put towards an additional property purchase.

Remortgaging can help you:

  • Save money Remaining on the same deal for the full term of your loan could see you losing out on the opportunity to reduce the total amount paid back, in some cases leading to significant savings.
  • Avoid moving home It can be cheaper and more convenient to adapt or add an extension to your existing home, paid for by remortgaging or a further advance, than to move home.
  • Suit changing circumstances If your financial situation has changed and you now need a mortgage that can accommodate, for example, higher overpayments or a lower monthly rate, remortgaging can get you a deal that better fits your lifestyle.
  • Raise money Higher income or a rise in your property's value means you could increase your mortgage to help pay for major outgoings such as a wedding or your child's university costs, rather than borrowing separately, and in some cases more expensively, from other sources.
  • Consolidate your debts Remortgaging can allow you to release some of the equity you hold in your home and consolidate other debts, such as a car loan or credit cards, which can attract higher rates of interest than that of your mortgage. While this could reduce monthly payments, it may mean you pay more over the long term, so should be carefully considered and professional financial advice sought.

Why speak to an adviser?

The below best buy BTL remortgage deals from John Charcol includes our pick of the best fee free deals available to our clients. Before you decide to opt for one of the buy to let remortgages below, it's important to speak with an independent mortgage expert. Our advisers at John Charcol will be able to assist you in comparing products from across the mortgage market to help you decide which mortgage is best for you and your individual needs. If you could be better off taking out a buy to let remortgage with another provider our experts will let you know.

Current best buy to let remortgage deals:

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 60%: BTL Remortgage 2 Year 1.44% Fixed. Maximum Loan £750,000.
Initial Rate
1.44% Fixed until 02/05/2019 then 4.49% Variable for term
Total amount of credit
£270,000
Monthly repayments
£1,072
Scheme fees
£2,034
Total amount payable
£429,860
Overall rate
4.00% APRC

Fees and charges:

Booking Fee£0
Arrangement fee£1,999
Valuation fee£0
Other fees£35
Cashback£250

Flexibility:

Overpayments allowed?10% per annum
Early Repayment Charges3% until 02/05/2019

Other info:

Exit fee£225
Basic legalsPayable
Special Deal£250 Cashback on completion. Free valuation (up to £1,190).
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 2 years at 1.44% and then on variable rate of 4.49% for the remaining 23 years would require 27 payments of £1,072.23 and 273 payments of £1,460.26. The total amount payable would be £429,860 made up of the loan amount plus interest (£157,601) and fees (£2,259 which includes exit fees of £225). The overall cost for comparison is 4.00% APRC representative.
Max Loan to value 75%: BTL Remortgage 2 year 1.94% Fixed. Maximum loan £750,000.
Initial Rate
1.94% Fixed until 02/05/2019 then 4.49% Variable for term
Total amount of credit
£337,500
Monthly repayments
£1,421
Scheme fees
£2,034
Total amount payable
£541,362
Overall rate
4.10% APRC

Fees and charges:

Booking Fee£0
Arrangement fee£1,999
Valuation fee£0
Other fees£35
Cashback£250

Flexibility:

Overpayments allowed?10% per annum
Early Repayment Charges3% until 02/05/2019

Other info:

Exit fee£225
Basic legalspayable
Special Deal£250 Cashback on completion. Free valuation (up to £1,190)
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 1.94% and then on a variable rate of 4.49% for the remaining 23 years would require 27 payments of £1,420.67 and 273 payments of £1,834.23. The total amount payable would be £541,362 made up of the loan amount plus interest (£201,603) and fees (£2,259 which includes exit fees of £225).The overall cost for comparison is 4.10% APRC representative.
Max Loan to value 65%: BTL Remortgage 5 Year 2.45% Fixed. Premier Banking Clients only. Maximum loan £1,000,000
Initial Rate
2.45% Fixed until 31/05/2022 then 4.74% Variable tracker for term
Total amount of credit
£292,500
Monthly repayments
£1,304
Scheme fees
£2,960
Total amount payable
£462,498
Overall rate
3.90% APRC

Fees and charges:

Booking Fee£0
Arrangement fee£2,925
Valuation fee£0
Other fees£35
Cashback£0

Flexibility:

Overpayments allowed?10% per annum
Early Repayment Charges£80, plus (3% until 31/05/22) of balance repaid

Other info:

Exit fee£80
Basic legalsFree
Special DealFree valuation. Free legal services.
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 fixed rate for 5 years at 2.49% and then on a variable tracker rate of 4.74% (4.49% above Barclays bank Base Rate, currently 0.25%, which will not go below a floor of 4.74%) for the remaining 20 years would require 64 payments of £1,309.78 and 236 payments of £1,592.25. The total amount payable would be £461,202 made up of the loan amount plus interest (£166,958) and fees (£3,040 which includes exit fees of £80). The overall cost for comparison is 3.90% 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.