Finding the best buy-to-let remortgage deal
The best buy-to-let remortgages are often exclusive to intermediaries and independent mortgage brokers like John Charcol. Use our tool to see which remortgage buy-to-let deals could work for you then get in touch with one of our mortgage experts to find out more.
Getting the best buy-to-let remortgage for you depends on your unique situation and various key factors like your credit history, income and how much equity you have. We help you by researching the remortgage market and recommending the best buy-to-let product for your situation. We even manage your application from start to finish, liaising with lenders and keeping you updated.
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Use our buy-to-let remortgage comparison tool
Remortgaging buy-to-let mortgages? If you own up to 3 rental properties then use our BTL remortgage comparison tool below to find the latest and best deals for you on the market right now.
If you own 4 or more rental properties then visit our page to on portfolio landlord mortgages.
Why Remortgage Buy-to-Let Properties with John Charcol?
We Take Care of Everything
With over 45 years of service, we've seen it all. We can save you money, time and make remortgaging your property easy.
We're Highly Recommended
We have over 1,800 5* reviews on reviews.co.uk, so you can feel confident that your mortgage is in the right hands.
We Give Personal, Expert Advice
We work around your schedule to help you arrange a mortgage that suits your circumstances, no matter how complex.
BTL Remortgage Process
1. First Call
When you contact us, we’ll arrange an appointment between you and one of our advisers – this can be over the phone or face to face. Your adviser will ask you some questions and, once they have all the right information, they’ll go away and find you the best BTL remortgage for your current and future needs. They’ll then organise a follow up appointment to tell you about their recommendation.
2. Decision in Principle
After your adviser has presented you with their recommendation and you’re happy to proceed, they’ll work on securing your DIP (Decision in Principle). Your DIP is a promise from the lender that they’ll loan you the money on the condition that the information you’ve provided is correct and subject to a valuation on the property.
3. Pre-Application and Submission
After securing your DIP, we’ll start to prepare your mortgage application. We’ll send you a pack that explains all the different documents the lender needs. You’ll be assigned a client relationship manager who’ll go through your documents and get everything ready for submission. Your adviser will then submit your full mortgage application.
4. Lender Underwriting and Valuation
The lender carries out a process called “underwriting” where they check all the information and documents you’ve provided in your application. They’ll also instruct a mortgage valuation on the property to make sure there are no significant problems with it. Sometimes a lender will only instruct a desktop valuation for a remortgage – rather than a physical valuation – as your property would have likely had a valuation and internal inspection when you took out your first mortgage.
5. Mortgage Offer
Following a successful underwriting process and valuation, the lender will accept your remortgage application and send you a mortgage offer. They’ll also send a copy to us.
After you accept the mortgage offer, you’ll go through conveyancing which is where a solicitor arranges all the legal paperwork so you can transfer from one lender to another.
Finally, after you’ve signed all the paperwork, your solicitor will set a date to draw down the new money to clear the outstanding balance with your current lender. Any excess funds will be returned to you. This is called completion.
BTL Remortgage FAQs
Why Remortgage Your Buy-to-Let?
You can remortgage your buy-to-let property to release equity if you need to raise some money. It’s also a way to get a better interest rate or change the terms of your existing mortgage deal. Whatever your reasoning for remortgaging a property, it can have an impact on your monthly repayments and ROI (return on investment).
Can I Remortgage My Home to a Buy-to-Let?
It is possible to remortgage your home onto a buy-to-let basis. This is sometimes called let to buy.
What Criteria is Considered for a Buy-to-Let Remortgage?
Every mortgage lender has different criteria, but the best btl remortgage rates available to you will depend on your credit history, income and how much equity you have. A mortgage broker can take all of these factors into account to find the best mortgage deals for you.
Why Use a Mortgage Broker for a BTL Remortgage?
Our mortgage advisors are experts in all aspects of mortgages and remortgages so we can help you find the best deal. We’ll pair you with an adviser who will find you the best price for your situation so you don’t have to do the hard work. Our brokers will support you every step of the way.
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Remortgaging means to switch to a new deal with a different lender but stay in the same property. Learn about remortgage costs, valuations and see our advice.
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Mortgage Comparison Calculator
Find out how much you could save by changing your mortgage rate here with our free and easy mortgage comparison calculator.
On this page you’ll find our detailed mortgage terminology glossary. There’s a lot of jargon out there but we’re here to make it easy.