Mortgages for Business is committed to keeping both our staff and clients safe during the COVID-19 outbreak while maintaining the best service possible. Our teams are working from home from Wednesday 18th March, but don’t worry, you can contact us in the usual ways. To find out more about our business continuity plan, please click here.
To read our comprehensive FAQ guide on how the emergency interest rate reduction and Coronavirus outbreak could affect your mortgage, please click here.

Is it difficult to get a buy-to-let mortgage in the current market? And what rates like at the moment? Can I still get a mortgage with a 25% deposit?

It depends on your individual circumstance, but in general, there are plenty of buy to let mortgage options out there with well over 1,000 products on offer, nearly a quarter of which are available to landlords borrowing via a limited company. The larger your deposit, the better the rate you can expect to receive and there are many options at 75-80% loan to value. The average five year fixed rate in April 2017 was 3.76% and the average two year fixed rate was 2.90%.

Expect to pay the lender an arrangement fee of around £1,500 – this is usually a flat fee or expressed as a percentage of the loan, typically 1-2%. In many instances this fee can be added to the mortgage.

 

Use our BTL Mortgage Calculator & Rate Finder now

NB: ANY PROPERTY USED AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Get in contact with us: 0345 345 6788 or ...

Submit an enquiry
Arrange a call back