Best Buy to Let Remortgage Rates

With a rise in Bank Rate looming, it is no surprise that lenders are starting to increase pricing. Jeni Browne, Sales Director highlights some of the best buy to let rates available for those looking to remortgage and take advantage of the all-time low pricing before it’s too late…

On 2nd November 2017, it is widely predicted that the Bank of England will increase Bank Rate for the first time in a decade. Several lenders have already started to increase their pricing, including NatWest, TSB, Accord and Bank of Ireland. With many more set to follow, including our own lending brand Keystone Property Finance, now really could be the best time to fix.

Below is a selection of some of the most competitive five year fixed rates currently available on the market.

For those borrowing personally:

2.17% (4.1% APR) 5 year fixed to 60% LTV*

Product highlights

  • Free legals
  • Free valuation
  • £500 cash back
  • Up to 80 years old at the end of the loan term
  • Portfolio landlords accepted

Get a quote

Request more information

 

2.74% (4.5% APR) 5 year fixed to 75% LTV**

Product highlights

  • Free legals
  • Free valuation
  • No minimum income requirement
  • Portfolio landlords accepted

Get a quote

Request more information

 

3.09% (4.3% APR) 5 year fixed to 75% LTV***

Product highlights

  • Free legals
  • Free valuation
  • No early repayment charges
  • No minimum income requirement
  • Portfolio landlords accepted

Get a quote

Request more information

 

For those borrowing via a Ltd Co:

3.00% (4.9% APR) 5 year stepped fixed to 75% LTV****

Product highlights

  • Up to 80 years old at the end of the loan term
  • Refinance at day one
  • Portfolio landlords accepted
  • SPVs and LLPs
  • Related transactions

Get a quote

Request more information

 

3.49% (4.8% APR) 5 year fixed to 75% LTV*****

Product highlights

  • Up to 80 years at the end of the loan term
  • £500 cashback
  • No minimum income requirement
  • Portfolio landlords accepted
  • SPV Ltd Co's

Get a quote

Request more information

 
*What is a stepped fixed rate?
A five year fixed rate with a twist, where each year your payments will go up to a predefined rate. Not only does the step rate listed above offer very good value over the term, but it allows you to plan for cash flow if you are expecting some costs in the near future.

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 buy to let team on 0345 345 6788. Prefer us to call you? Request a call back.

Useful tools:
Buy to let mortgage calculator and rate finder

 











Small print:
*Fixed at 2.17% for 5 years (to 31/01/2023) reverting to 4.74% (Bank Rate + 4.49%, variable). For remortgages. Early Repayment Charge: 3% of the amount being repaid until 31/01/2023 (Up to 10% overpayment p.a. allowed without ERC.). Overall Cost for Comparison: 4.1% APR. Loan to Value: 60% loan to value up to £2m. Lender Arrangement Fee: £1,950 due on completion. Broker Fee: Our standard broker fee is due on receipt of an Agreement in Principle from the lender, charged at £497 for personal applications and £597 for applications made by limited companies. We will keep any commission payments made by the lender. Alternatively, we will rebate to you any commission paid by the lender to us and charge you a broker fee of typically 1% of the total loan amount (exact percentage will depend upon the size and complexity of the mortgage application). Repayment Options: Interest only or repayment. Rent to Interest Cover: 145% @ 5.50%. Minimum Income Requirement: £25k per annum.

**Fixed at 2.74% for 5 years (to 31/01/2023) reverting to Lender’s Standard Variable Rate + 0.50% (currently 4.99%, variable). For remortgages. Early Repayment Charge: 6% of the amount being repaid until 31/01/2019, then 5% until 31/01/2020, then 4% until 31/01/2021, then 3% until 30/11/2021, then 2% until 31/01/2023 (10% of the balance outstanding can be repaid each year without incurring an early repayment charge.). Overall Cost for Comparison: 4.5% APR. Loan to Value: 75% loan to value up to £500,000 loan amount. 70% loan to value up to £750,000 loan amount. 65% loan to value up to £1,000,000 loan amount. Lender Arrangement Fee: £1,995 added to loan. Broker Fee: Our standard broker fee is due on receipt of an Agreement in Principle from the lender, charged at £497 for personal applications and £597 for applications made by limited companies. We will keep any commission payments made by the lender. Alternatively, we will rebate to you any commission paid by the lender to us and charge you a broker fee of typically 1% of the total loan amount (exact percentage will depend upon the size and complexity of the mortgage application). Repayment Options: Interest only or repayment. Rent to Interest Cover: 145% @ 4.99%. Minimum Income Requirement: No requirement.

***Fixed at 3.09% for 5 years (to 31/07/2023) reverting to Lender’s Standard Variable Rate (currently 4.49%, variable). For remortgages. Early Repayment Charges: None. Overall Cost for Comparison: 4.3% APR. Loan to Value: 75% loan to value up to £500,000 loan amount. 50% loan to value up to £1,000,000 loan amount. Lender Arrangement Fee: £1,999 added to loan. Broker Fee: Our standard broker fee is due on receipt of an Agreement in Principle from the lender, charged at £497 for personal applications and £597 for applications made by limited companies. We will keep any commission payments made by the lender. Alternatively, we will rebate to you any commission paid by the lender to us and charge you a broker fee of typically 1% of the total loan amount (exact percentage will depend upon the size and complexity of the mortgage application). Repayment Options: Interest only or repayment. Rent to Interest Cover: 140% @ 5.00%. Minimum Income Requirement: No requirement.

****Stepped Fixed at 3% for year 1, then 3.25% for year 2, then 3.5% for year 3, then 3.75% for year 4, then 4% for year 5, reverting to Lender’s Standard Variable Rate (currently 5.10%, variable). For remortgages. Early Repayment Charges: 5% of the amount being repaid for the first 2 years, then 4% until the end of year 4, then 3% until the end of year 5 from drawdown. Loan to Value: 75% loan to value up to £500,000 loan amount. 70% loan to value up to £1,000,000 loan amount. 65% loan to value up to £2,000,000 loan amount. Lender Arrangement Fee: 2% of the loan amount. Broker Fee: Our standard broker fee is due on receipt of an Agreement in Principle from the lender, charged at £497 for personal applications and £597 for applications made by limited companies. We will keep any commission payments made by the lender. Alternatively, we will rebate to you any commission paid by the lender to us and charge you a broker fee of typically 1% of the total loan amount (exact percentage will depend upon the size and complexity of the mortgage application). Repayment Options: Interest only or repayment. Rent to Interest Cover: 125% @ 4.00%. Minimum Income Requirement: £25,000 per annum.

***** Fixed at 3.49% for 5 years reverting to LIBOR + 4.71% (currently 5.01%, variable). For remortgages. Early Repayment Charges: 4% of the amount being repaid for the first 2 years, then 3% until the end of year 4, then 2% until the end of year 5. Loan to Value: 75% loan to value up to £750,000 loan amount. 70% loan to value up to £1,000,000 loan amount. 60% loan to value up to £3,000,000 loan amount. Lender Arrangement Fee: 2% of the loan amount. Broker Fee: Our standard broker fee is due on receipt of an Agreement in Principle from the lender, charged at £497 for personal applications and £597 for applications made by limited companies. We will keep any commission payments made by the lender. Alternatively, we will rebate to you any commission paid by the lender to us and charge you a broker fee of typically 1% of the total loan amount (exact percentage will depend upon the size and complexity of the mortgage application). Repayment Options: Interest only or repayment. Rent to Interest Cover: 125% @ 3.49%. Minimum Income Requirement: No requirement.

Author