Top 10 Best Buy to Let Mortgages

Jeni Browne, Head of Sales hand-picks her favourite rates taking into account the differing needs of landlords and property investors

This week we have chosen the following rates...

The first five rates are for individual borrowers and the last five are for limited company borrowers.

1

1.59% (4.7% APR) 2 year discounted

This rate is ideal for those looking to secure a low rate linked to Bank Rate. This product is available for purchase and remortgages and is ideal for those of you who think you will be in a position to make overpayments, with payments of up to 10% of the capital balance within any 12 month period allowed. This lender also allows foreign national borrowers. 

Product overview

  • 65% LTV up to £1,000,000
  • ERCs apply
  • £25k pa minimum income requirement
  • 1.5% arrangement fee
  • RTI 145% @ 5.5%
  • Purchase and remortgage

Borrower types accepted

  • Individuals
  • Consumer buy to let 'accidental landlords'
  • First-time landlords
  • Gifted deposits 
  • Foreign nationals

Tenants accepted 

  • Standard ASTs 

Property types accepted

  • Ex-council flats
  • Flats over commercial units
  • Highrise flats
  • New build properties
  • Vanilla buy to let property

>> GET A QUOTE NOW

>> 
VIEW DETAILS

 

2

1.59% (5.5% APR) 2 year fixed

Currently one of the lowest remortgage rates on the market. This lender offers free legals and a free valuation as well as lending up to the age 85 at the end of term loan. The lender will accept first-time buyers and first-time landlords. 

Product overview

  • 65% LTV up to £500,000
  • 50% LTV up to £1,000,000
  • ERCs apply
  • £25k pa minimum income requirement
  • £1,999 arrangement fee
  • RTI 140% @ 5.5%
  • Remortgage only

Borrower types accepted

  • Individuals
  • Consumer buy to let 'accidental landlords'
  • First-time buyers
  • First-time landlords
  • Gifted deposits 
  • Associated transactions

Tenants accepted 

  • Standard ASTs 
  • Students

Property types accepted

  • Ex-council houses
  • Highrise flats
  • Vanilla buy to let property

>> GET A QUOTE NOW

>> 
VIEW DETAILS

 

3

2.69% (4.2% APR) 5 year fixed

Protect yourself from any rate rises in the near future and lock in for five years. This rate also comes with free legals and a free valuation. This lender will allow up to 11 mortgaged properties in the background. 

Product overview

  • 60% LTV up to £500,000
  • ERCs apply
  • £25k pa minimum income requirement
  • £1,995 arrangement fee
  • RTI 145% @ 5.5%
  • Remortgage only

Borrower types accepted

  • Individuals
  • Consumer buy to let 'accidental landlords'
  • Gifted deposits 
  • Foreign nationals

Tenants accepted 

  • Standard ASTs 

Property types accepted

  • Ex-council flats & houses
  • New build properties
  • Highrise flats
  • Vanilla buy to let property

>> GET A QUOTE NOW

>> 
VIEW DETAILS

 

4

2.14% (4.9% APR) 2 year fixed

If you’re looking to borrow at 75% loan to value then this is one the lowest fixed rates available to individual applicants. This rate is available to applicants up to the age 85 and do not need a minimum income. Applicants are allowed to make overpayments of up to 10% of the mortgage balance outstanding each calendar year without incurring any early repayment charges. 

Product overview

  • 75% LTV up to £500,000
  • 70% LTV up to £750,000
  • 65% LTV up to £1,000,000
  • ERCs apply
  • No minimum income requirement
  • £1,995 arrangement fee
  • RTI 145% @ 5.5%
  • Purchases, remortgages or further advances

Borrower types accepted

  • Individuals
  • First-time landlords
  • Consumer buy to let 'accidental landlords'

Tenants accepted 

  • Standard ASTs
  • Students 
  • Company lets
  • Housing association & DSS

Property types accepted

  • Ex-council houses 
  • Flats over commercial units
  • Studio flats
  • Vanilla buy to let property

>> GET A QUOTE NOW

>> VIEW DETAILS

 

5

2.33% (4.9% APR) 5 year fixed

This product offers one of the most generous stress tests for individuals at 135%@5%. This lender will allow gifted deposits and borrowers are allowed to make overpayments of up to 10% per calendar year without incurring any early repayment charges. This lender will allow borrowers to have up to 15 mortgaged properties of which up to 10 can be with other lenders.

 

Product overview

  • 60% LTV up to £1,000,000
  • ERCs apply
  • £25k minimum income requirement
  • £1,995 arrangement fee
  • RTI 135% @ 5%
  • Purchase only

Borrower types accepted

  • Individuals
  • Gifted deposits

Tenants accepted 

  • Standard ASTs
  • Students

Property types accepted

  • Ex-council houses & flats
  • Vanilla buy to let property

>> GET A QUOTE NOW

>> VIEW DETAILS

 

6

3.29% (4.5% APR) 3 year fixed

Lowest two year fixed rate on the market for SPVs. First-time landlords are accepted, and if need be you can remortgage from day one. This is ideal for portfolio landlords as the lender has no limit on number of mortgaged properties in the background.

Product overview

  • 75% LTV up to £500,000
  • ERCs apply
  • £25k pa minimum income requirement
  • 1.25% arrangement fee
  • RTI 125% @ 5.5%
  • Purchase and remortgage

Borrower types accepted

  • First-time landlords
  • SPV Ltd Co's
  • LLPs
  • Gifted deposits

Tenants accepted 

  • Standard ASTs 
  • Students  
  • Housing association tenants

Property types accepted

  • Ex-council houses
  • Multi-unit properties
  • Highrise flats
  • Vanilla buy to let property

>> GET A QUOTE NOW

>> VIEW DETAILS

 

7

2.59% (4.5% APR ) 3 year discounted

Lowest tracker available for SPV limited companies. This rate is ideal for first-time landlords and those who want a rate that tracks Bank Rate. If you are funding your purchase via a gifted deposit this lender will accept as long as it is from a close family member. 

 

Product overview

  • 60% LTV up to £1,500,000
  • 50% LTV up to £3,000,000
  • ERCs apply
  • £25k pa minimum income requirement
  • 1.25% arrangement fee
  • RTI 125% @ 5.5% 
  • Gifted deposits accepted
  • Purchase and remortgage

Borrower types accepted

  • SPV Ltd Co's
  • First-time landlords 
  • LLPs

Tenants accepted 

  • Standard ASTs 
  • Students
  • Housing association tenants

Property types accepted

  • Ex-council houses
  • Multi-unit properties
  • Highrise flats
  • Vanilla buy to let property

>> GET A QUOTE NOW

>> VIEW DETAILS

 

8

3.37% (5.4% APR) 2 year discounted

Ideal If you’re looking to purchase or remortgage HMO property via a limited company. This lender does not impose a minimum income requirement and will accept applicants up to the age of 80 years.

Product overview

  • 75% LTV up to £500,000
  • 65% LTV up to £1,000,000
  • ERCs apply
  • No minimum income requirement
  • 1.5% arrangement fee
  • RTI 125% @ 5.5% 
  • Purchase and remortgage

Borrower types accepted

  • SPV Ltd Co's
  • LLPs
  • Related transactions

Tenants accepted 

  • Standard ASTs 
  • Students
  • Holiday lets
  • Housing association tenants

Property types accepted

  • Ex-council houses
  • New builds
  • Highrise flats
  • Flays over commercial property
  • Multi-units & HMOs
  • Vanilla buy to let property

>> GET A QUOTE NOW

>> VIEW DETAILS

 

9

3.75% (5.1% APR) 3 year fixed

Ideal if you need a high LTV when purchasing or remortgaging via a limited company. This lender offers a very generous stress test at 125% @ 5.75%. This lender will lend up to age 85 at the end of loan term and will accept first- time landlords.

Product overview

  • 80% LTV up to £500,000
  • ERCs apply
  • £995 arrangement fee
  • £25k pa minimum income requirement
  • RTI 125% @ 5.75%
  • Purchase and remortgage

Borrower types accepted

  • SPV Ltd Co’s
  • First-time landlords
  • Related transactions

Tenants accepted 

  • Standard ASTs 
  • Company lets
  • Housing association tenants

Property types accepted

  • Vanilla buy to let property

>> GET A QUOTE NOW

>> VIEW DETAILS

 

10

3.49% (4.7% APR ) 5 year fixed

No maximum age for Ltd Co directors. No minimum income requirement. No limit on buy to lets held with other lenders… 

Product overview

  • 75% LTV up to £500,000
  • ERCs apply
  • No minimum income requirement
  • 2% arrangement fee
  • RTI 125% @ 3.49%
  • Purchase and remortgage

Borrower types accepted

  • SPV Ltd Co's
  • Gifted deposits accepted
  • Related transactions

Tenants accepted 

  • Standard ASTs 

Property types accepted

  • Ex-council houses
  • New builds
  • Vanilla buy to let property

 >> GET A QUOTE NOW

 >> VIEW DETAILS

 

Of course the best rate for you really does depend on your individual circumstance, so for more information or to get a quote tailored to you call our team on 0345 345 6788.

Busy now? Request a call back or send us an email.


If these rates don't suit, why not try our buy to let mortgage calculator.

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