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COMPARE 1000S OF Buy to Let MORTGAGE RATES

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The Mortgage Works
Max LTV 65%:
Fixed to 30/11/22
Initial rate
1.19%
then 4.24% (variable)
Monthly repayments
£482
Scheme fees
£2,840
Annual cost
£7,203
Fees and charges
Booking fee £0
Arrangement fee £2,500
Valuation fee £340
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
3% reducing to 2% until 30/11/22
Other info
Exit fee £90
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.19% and then on a variable rate of 4.24% for the remaining 23 years would require 24 payments of £481 and 276 payments of £660. The total amount payable would be £196,544 made up of the loan amount plus interest (£68,704) and fees (£2,840). The overall cost for comparison is 4.4% APRC representative.
Max LTV 65% Early Repayment Charges apply
Overall cost for comparison 4.4% APRC
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BM Solutions
Max LTV 60%:
Fixed to 31/12/22
Initial rate
1.22%
then 4.59% (variable)
Monthly repayments
£484
Scheme fees
£2,295
Annual cost
£6,951
Fees and charges
Booking fee £0
Arrangement fee £1,995
Valuation fee £300
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
2% reducing to 1% until 31/12/22
Other info
Exit fee £0
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.22% and then on a variable rate of 4.59% for the remaining 23 years would require 24 payments of £483 and 276 payments of £683. The total amount payable would be £202,395 made up of the loan amount plus interest (£75,100) and fees (£2,295). The overall cost for comparison is 4.0% APRC representative.
Max LTV 60% Early Repayment Charges apply
Overall cost for comparison 4.0% APRC
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The Mortgage Works
Max LTV 65%:
Fixed to 30/11/22
Initial rate
1.24%
then 4.24% (variable)
Monthly repayments
£485
Scheme fees
£2,250
Annual cost
£6,942
Fees and charges
Booking fee £0
Arrangement fee £2,500
Valuation fee £0
Other fees £0
Cashback £250
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
3% reducing to 2% until 30/11/22
Other info
Exit fee £90
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.24% and then on a variable rate of 4.24% for the remaining 23 years would require 24 payments of £484 and 276 payments of £660. The total amount payable would be £196,026 made up of the loan amount plus interest (£68,776) and fees (£2,250). The overall cost for comparison is 4.4% APRC representative.
Max LTV 65% Early Repayment Charges apply
Overall cost for comparison 4.4% APRC
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BM Solutions
Max LTV 60%:
Fixed to 31/12/22
Initial rate
1.42%
then 4.59% (variable)
Monthly repayments
£495
Scheme fees
£1,295
Annual cost
£6,590
Fees and charges
Booking fee £0
Arrangement fee £995
Valuation fee £300
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
2% reducing to 1% until 31/12/22
Other info
Exit fee £0
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.42% and then on a variable rate of 4.59% for the remaining 23 years would require 24 payments of £495 and 276 payments of £684. The total amount payable would be £201,959 made up of the loan amount plus interest (£75,664) and fees (£1,295). The overall cost for comparison is 4.0% APRC representative.
Max LTV 60% Early Repayment Charges apply
Overall cost for comparison 4.0% APRC
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Post Office
Max LTV 60%:
Fixed to 30/11/22
Initial rate
1.42%
then 4.59% (variable)
Monthly repayments
£495
Scheme fees
£1,805
Annual cost
£6,845
Fees and charges
Booking fee £0
Arrangement fee £1,495
Valuation fee £310
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
3% reducing to 2% until 30/11/22
Other info
Exit fee £195
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.42% and then on a variable rate of 4.59% for the remaining 23 years would require 24 payments of £495 and 276 payments of £684. The total amount payable would be £202,469 made up of the loan amount plus interest (£75,664) and fees (£1,805). The overall cost for comparison is 4.2% APRC representative.
Max LTV 60% Early Repayment Charges apply
Overall cost for comparison 4.2% APRC
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HSBC
Max LTV 60%:
Base +1.34% for 2 years
Initial rate
1.44%
then 4.60% (variable)
Monthly repayments
£496
Scheme fees
£1,999
Annual cost
£6,956
Fees and charges
Booking fee £0
Arrangement fee £1,999
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed?
Early Repayment Charge:
None
Other info
Exit fee £0
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a variable rate for 2 years at 1.44% and then on a variable rate of 4.60% for the remaining 23 years would require 24 payments of £496 and 276 payments of £685. The total amount payable would be £202,963 made up of the loan amount plus interest (£75,964) and fees (£1,999). The overall cost for comparison is 4.2% APRC representative.
Max LTV 60% No Early Repayment Charges
Overall cost for comparison 4.2% APRC
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The Mortgage Works
Max LTV 65%:
Fixed to 30/11/22
Initial rate
1.44%
then 4.24% (variable)
Monthly repayments
£496
Scheme fees
£2,335
Annual cost
£7,124
Fees and charges
Booking fee £0
Arrangement fee £1,995
Valuation fee £340
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
3% reducing to 2% until 30/11/22
Other info
Exit fee £90
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.44% and then on a variable rate of 4.24% for the remaining 23 years would require 24 payments of £496 and 276 payments of £661. The total amount payable would be £196,675 made up of the loan amount plus interest (£69,340) and fees (£2,335). The overall cost for comparison is 4.3% APRC representative.
Max LTV 65% Early Repayment Charges apply
Overall cost for comparison 4.3% APRC
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The Mortgage Works
Max LTV 75%:
Fixed to 30/11/22
Initial rate
1.59%
then 4.74% (variable)
Monthly repayments
£505
Scheme fees
£2,840
Annual cost
£7,483
Fees and charges
Booking fee £0
Arrangement fee £2,500
Valuation fee £340
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
3% reducing to 2% until 30/11/22
Other info
Exit fee £90
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.59% and then on a variable rate of 4.74% for the remaining 23 years would require 24 payments of £505 and 276 payments of £695. The total amount payable would be £206,780 made up of the loan amount plus interest (£78,940) and fees (£2,840). The overall cost for comparison is 4.9% APRC representative.
Max LTV 75% Early Repayment Charges apply
Overall cost for comparison 4.9% APRC
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The Mortgage Works
Max LTV 65%:
Fixed to 30/11/22
Initial rate
1.59%
then 4.24% (variable)
Monthly repayments
£505
Scheme fees
£1,745
Annual cost
£6,935
Fees and charges
Booking fee £0
Arrangement fee £1,995
Valuation fee £0
Other fees £0
Cashback £250
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
3% reducing to 2% until 30/11/22
Other info
Exit fee £90
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.59% and then on a variable rate of 4.24% for the remaining 23 years would require 24 payments of £505 and 276 payments of £662. The total amount payable would be £196,577 made up of the loan amount plus interest (£69,832) and fees (£1,745). The overall cost for comparison is 4.3% APRC representative.
Max LTV 65% Early Repayment Charges apply
Overall cost for comparison 4.3% APRC
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Bank of Ireland
Max LTV 60%:
Fixed to 30/11/22
Initial rate
1.62%
then 4.09% (variable)
Monthly repayments
£507
Scheme fees
£1,305
Annual cost
£6,737
Fees and charges
Booking fee £0
Arrangement fee £995
Valuation fee £310
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% pa
Early Repayment Charge:
3% reducing to 2% until 30/11/22
Other info
Exit fee £195
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.62% and then on a variable rate of 4.09% for the remaining 23 years would require 24 payments of £507 and 276 payments of £653. The total amount payable would be £193,701 made up of the loan amount plus interest (£67,396) and fees (£1,305). The overall cost for comparison is 3.8% APRC representative.
Max LTV 60% Early Repayment Charges apply
Overall cost for comparison 3.8% APRC
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BM Solutions
Max LTV 60%:
Fixed to 31/12/25
Initial rate
1.62%
then 4.59% (variable)
Monthly repayments
£507
Scheme fees
£2,295
Annual cost
£6,543
Fees and charges
Booking fee £0
Arrangement fee £1,995
Valuation fee £300
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
5% reducing to 1% until 31/12/25
Other info
Exit fee £0
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 5 years at 1.62% and then on a variable rate of 4.59% for the remaining 20 years would require 60 payments of £507 and 240 payments of £662. The total amount payable would be £191,595 made up of the loan amount plus interest (£64,300) and fees (£2,295). The overall cost for comparison is 3.4% APRC representative.
Max LTV 60% Early Repayment Charges apply
Overall cost for comparison 3.4% APRC
?
The Mortgage Works
Max LTV 65%:
Fixed to 30/11/25
Initial rate
1.64%
then 4.24% (variable)
Monthly repayments
£508
Scheme fees
£2,840
Annual cost
£6,666
Fees and charges
Booking fee £0
Arrangement fee £2,500
Valuation fee £340
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
6% reducing to 2% until 30/11/25
Other info
Exit fee £90
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 5 years at 1.64% and then on a variable rate of 4.24% for the remaining 20 years would require 60 payments of £508 and 240 payments of £642. The total amount payable would be £187,400 made up of the loan amount plus interest (£59,560) and fees (£2,840). The overall cost for comparison is 3.8% APRC representative.
Max LTV 65% Early Repayment Charges apply
Overall cost for comparison 3.8% APRC
?
The Mortgage Works
Max LTV 75%:
Fixed to 30/11/22
Initial rate
1.64%
then 4.74% (variable)
Monthly repayments
£508
Scheme fees
£2,250
Annual cost
£7,223
Fees and charges
Booking fee £0
Arrangement fee £2,500
Valuation fee £0
Other fees £0
Cashback £250
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
3% reducing to 2% until 30/11/22
Other info
Exit fee £90
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.64% and then on a variable rate of 4.74% for the remaining 23 years would require 24 payments of £508 and 276 payments of £695. The total amount payable would be £206,262 made up of the loan amount plus interest (£79,012) and fees (£2,250). The overall cost for comparison is 4.9% APRC representative.
Max LTV 75% Early Repayment Charges apply
Overall cost for comparison 4.9% APRC
?
HSBC
Max LTV 65%:
Base +1.54% for 2 years
Initial rate
1.64%
then 4.60% (variable)
Monthly repayments
£508
Scheme fees
£1,999
Annual cost
£7,098
Fees and charges
Booking fee £0
Arrangement fee £1,999
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed?
Early Repayment Charge:
None
Other info
Exit fee £0
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a variable rate for 2 years at 1.64% and then on a variable rate of 4.60% for the remaining 23 years would require 24 payments of £508 and 276 payments of £686. The total amount payable would be £203,527 made up of the loan amount plus interest (£76,528) and fees (£1,999). The overall cost for comparison is 4.3% APRC representative.
Max LTV 65% No Early Repayment Charges
Overall cost for comparison 4.3% APRC
?
Accord
Max LTV 75%:
Fixed to 31/12/22
Initial rate
1.64%
then 4.49% (variable)
Monthly repayments
£508
Scheme fees
£1,745
Annual cost
£6,971
Fees and charges
Booking fee £0
Arrangement fee £1,995
Valuation fee £0
Other fees £0
Cashback £250
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
2.5% reducing to 1.5% until 31/12/22
Other info
Exit fee £90
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.64% and then on a variable rate of 4.49% for the remaining 23 years would require 24 payments of £508 and 276 payments of £679. The total amount payable would be £201,341 made up of the loan amount plus interest (£74,596) and fees (£1,745). The overall cost for comparison is 4.0% APRC representative.
Max LTV 75% Early Repayment Charges apply
Overall cost for comparison 4.0% APRC
?
BM Solutions
Max LTV 75%:
Fixed to 31/12/22
Initial rate
1.65%
then 4.59% (variable)
Monthly repayments
£509
Scheme fees
£2,295
Annual cost
£7,253
Fees and charges
Booking fee £0
Arrangement fee £1,995
Valuation fee £300
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
2% reducing to 1% until 31/12/22
Other info
Exit fee £0
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.65% and then on a variable rate of 4.59% for the remaining 23 years would require 24 payments of £508 and 276 payments of £685. The total amount payable would be £203,547 made up of the loan amount plus interest (£76,252) and fees (£2,295). The overall cost for comparison is 4.1% APRC representative.
Max LTV 75% Early Repayment Charges apply
Overall cost for comparison 4.1% APRC
?
HSBC
Max LTV 60%:
Fixed to 30/09/22
Initial rate
1.69%
then 4.60% (variable)
Monthly repayments
£511
Scheme fees
£1,999
Annual cost
£7,133
Fees and charges
Booking fee £0
Arrangement fee £1,999
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
2% reducing to 1% until 30/09/22
Other info
Exit fee £0
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.69% and then on a variable rate of 4.60% for the remaining 23 years would require 24 payments of £511 and 276 payments of £686. The total amount payable would be £203,599 made up of the loan amount plus interest (£76,600) and fees (£1,999). The overall cost for comparison is 4.4% APRC representative.
Max LTV 60% Early Repayment Charges apply
Overall cost for comparison 4.4% APRC
?
Post Office
Max LTV 75%:
Fixed to 30/11/22
Initial rate
1.73%
then 4.59% (variable)
Monthly repayments
£514
Scheme fees
£1,805
Annual cost
£7,065
Fees and charges
Booking fee £0
Arrangement fee £1,495
Valuation fee £310
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
3% reducing to 2% until 30/11/22
Other info
Exit fee £195
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.73% and then on a variable rate of 4.59% for the remaining 23 years would require 24 payments of £513 and 276 payments of £686. The total amount payable would be £203,453 made up of the loan amount plus interest (£76,648) and fees (£1,805). The overall cost for comparison is 4.3% APRC representative.
Max LTV 75% Early Repayment Charges apply
Overall cost for comparison 4.3% APRC
?
The Mortgage Works
Max LTV 75%:
Fixed to 30/11/22
Initial rate
1.74%
then 4.74% (variable)
Monthly repayments
£514
Scheme fees
£2,335
Annual cost
£7,337
Fees and charges
Booking fee £0
Arrangement fee £1,995
Valuation fee £340
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
3% reducing to 2% until 30/11/22
Other info
Exit fee £90
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.74% and then on a variable rate of 4.74% for the remaining 23 years would require 24 payments of £514 and 276 payments of £696. The total amount payable would be £206,767 made up of the loan amount plus interest (£79,432) and fees (£2,335). The overall cost for comparison is 4.8% APRC representative.
Max LTV 75% Early Repayment Charges apply
Overall cost for comparison 4.8% APRC
?
BM Solutions
Max LTV 60%:
Fixed to 31/12/25
Initial rate
1.76%
then 4.59% (variable)
Monthly repayments
£515
Scheme fees
£1,295
Annual cost
£6,443
Fees and charges
Booking fee £0
Arrangement fee £995
Valuation fee £300
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
5% reducing to 1% until 31/12/25
Other info
Exit fee £0
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 5 years at 1.76% and then on a variable rate of 4.59% for the remaining 20 years would require 60 payments of £515 and 240 payments of £664. The total amount payable would be £191,555 made up of the loan amount plus interest (£65,260) and fees (£1,295). The overall cost for comparison is 3.4% APRC representative.
Max LTV 60% Early Repayment Charges apply
Overall cost for comparison 3.4% APRC
?
BM Solutions
Max LTV 60%:
Fixed to 31/12/22
Initial rate
1.78%
then 4.59% (variable)
Monthly repayments
£517
Scheme fees
£300
Annual cost
£6,348
Fees and charges
Booking fee £0
Arrangement fee £0
Valuation fee £300
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
2% reducing to 1% until 31/12/22
Other info
Exit fee £0
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.78% and then on a variable rate of 4.59% for the remaining 23 years would require 24 payments of £516 and 276 payments of £686. The total amount payable would be £202,020 made up of the loan amount plus interest (£76,720) and fees (£300). The overall cost for comparison is 4.0% APRC representative.
Max LTV 60% Early Repayment Charges apply
Overall cost for comparison 4.0% APRC
?
Accord
Max LTV 75%:
Fixed to 31/12/22
Initial rate
1.79%
then 4.49% (variable)
Monthly repayments
£517
Scheme fees
£1,245
Annual cost
£6,828
Fees and charges
Booking fee £0
Arrangement fee £1,495
Valuation fee £0
Other fees £0
Cashback £250
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
2.5% reducing to 1.5% until 31/12/22
Other info
Exit fee £90
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.79% and then on a variable rate of 4.49% for the remaining 23 years would require 24 payments of £517 and 276 payments of £680. The total amount payable would be £201,333 made up of the loan amount plus interest (£75,088) and fees (£1,245). The overall cost for comparison is 4.1% APRC representative.
Max LTV 75% Early Repayment Charges apply
Overall cost for comparison 4.1% APRC
?
HSBC
Max LTV 75%:
Base +1.69% for 2 years
Initial rate
1.79%
then 4.60% (variable)
Monthly repayments
£517
Scheme fees
£1,999
Annual cost
£7,205
Fees and charges
Booking fee £0
Arrangement fee £1,999
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed?
Early Repayment Charge:
None
Other info
Exit fee £0
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a variable rate for 2 years at 1.79% and then on a variable rate of 4.60% for the remaining 23 years would require 24 payments of £517 and 276 payments of £687. The total amount payable would be £204,019 made up of the loan amount plus interest (£77,020) and fees (£1,999). The overall cost for comparison is 4.3% APRC representative.
Max LTV 75% No Early Repayment Charges
Overall cost for comparison 4.3% APRC
?
The Mortgage Works
Max LTV 65%:
Fixed to 30/11/25
Initial rate
1.79%
then 4.24% (variable)
Monthly repayments
£517
Scheme fees
£2,335
Annual cost
£6,673
Fees and charges
Booking fee £0
Arrangement fee £1,995
Valuation fee £340
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
6% reducing to 2% until 30/11/25
Other info
Exit fee £90
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 5 years at 1.79% and then on a variable rate of 4.24% for the remaining 20 years would require 60 payments of £517 and 240 payments of £645. The total amount payable would be £188,155 made up of the loan amount plus interest (£60,820) and fees (£2,335). The overall cost for comparison is 3.7% APRC representative.
Max LTV 65% Early Repayment Charges apply
Overall cost for comparison 3.7% APRC
?
Skipton
Max LTV 60%:
Fixed to 31/01/23
Initial rate
1.79%
then 4.84% (variable)
Monthly repayments
£517
Scheme fees
£995
Annual cost
£6,703
Fees and charges
Booking fee £0
Arrangement fee £995
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
2% reducing to 1% until 31/01/23
Other info
Exit fee £95
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.79% and then on a variable rate of 4.84% for the remaining 23 years would require 24 payments of £517 and 276 payments of £703. The total amount payable would be £207,431 made up of the loan amount plus interest (£81,436) and fees (£995). The overall cost for comparison is 4.5% APRC representative.
Max LTV 60% Early Repayment Charges apply
Overall cost for comparison 4.5% APRC
?
Principality
Max LTV 60%:
Fixed to 31/05/23
Initial rate
1.85%
then 4.40% (variable)
Monthly repayments
£521
Scheme fees
£775
Annual cost
£6,636
Fees and charges
Booking fee £0
Arrangement fee £895
Valuation fee £380
Other fees £0
Cashback £500
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
2% reducing to 1.5% until 31/05/23
Other info
Exit fee £65
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.85% and then on a variable rate of 4.40% for the remaining 23 years would require 24 payments of £520 and 276 payments of £674. The total amount payable would be £199,279 made up of the loan amount plus interest (£73,504) and fees (£775). The overall cost for comparison is 4.2% APRC representative.
Max LTV 60% Early Repayment Charges apply
Overall cost for comparison 4.2% APRC
?
Post Office
Max LTV 60%:
Fixed to 30/11/25
Initial rate
1.85%
then 4.59% (variable)
Monthly repayments
£521
Scheme fees
£1,805
Annual cost
£6,610
Fees and charges
Booking fee £0
Arrangement fee £1,495
Valuation fee £310
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
4% reducing to 2% until 30/11/25
Other info
Exit fee £195
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 5 years at 1.85% and then on a variable rate of 4.59% for the remaining 20 years would require 60 payments of £520 and 240 payments of £665. The total amount payable would be £192,605 made up of the loan amount plus interest (£65,800) and fees (£1,805). The overall cost for comparison is 3.6% APRC representative.
Max LTV 60% Early Repayment Charges apply
Overall cost for comparison 3.6% APRC
?
Godiva
Max LTV 65%:
Fixed to 31/10/22
Initial rate
1.85%
then 4.49% (variable)
Monthly repayments
£521
Scheme fees
£1,999
Annual cost
£7,248
Fees and charges
Booking fee £0
Arrangement fee £1,999
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed?
Early Repayment Charge:
None
Other info
Exit fee £125
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.85% and then on a variable rate of 4.49% for the remaining 23 years would require 24 payments of £520 and 276 payments of £680. The total amount payable would be £202,159 made up of the loan amount plus interest (£75,160) and fees (£1,999). The overall cost for comparison is 4.2% APRC representative.
Max LTV 65% No Early Repayment Charges
Overall cost for comparison 4.2% APRC
?
BM Solutions
Max LTV 75%:
Fixed to 31/12/22
Initial rate
1.86%
then 4.59% (variable)
Monthly repayments
£521
Scheme fees
£1,295
Annual cost
£6,904
Fees and charges
Booking fee £0
Arrangement fee £995
Valuation fee £300
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
2% reducing to 1% until 31/12/22
Other info
Exit fee £0
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.86% and then on a variable rate of 4.59% for the remaining 23 years would require 24 payments of £521 and 276 payments of £687. The total amount payable would be £203,411 made up of the loan amount plus interest (£77,116) and fees (£1,295). The overall cost for comparison is 4.1% APRC representative.
Max LTV 75% Early Repayment Charges apply
Overall cost for comparison 4.1% APRC
?
Accord
Max LTV 75%:
Fixed to 31/12/23
Initial rate
1.87%
then 4.49% (variable)
Monthly repayments
£522
Scheme fees
£1,745
Annual cost
£6,845
Fees and charges
Booking fee £0
Arrangement fee £1,995
Valuation fee £0
Other fees £0
Cashback £250
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
3% reducing to 1.5% until 31/12/23
Other info
Exit fee £90
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 3 years at 1.87% and then on a variable rate of 4.49% for the remaining 22 years would require 36 payments of £521 and 264 payments of £673. The total amount payable would be £198,173 made up of the loan amount plus interest (£71,428) and fees (£1,745). The overall cost for comparison is 3.9% APRC representative.
Max LTV 75% Early Repayment Charges apply
Overall cost for comparison 3.9% APRC
?
Bank of Ireland
Max LTV 75%:
Fixed to 30/11/22
Initial rate
1.87%
then 4.09% (variable)
Monthly repayments
£522
Scheme fees
£1,305
Annual cost
£6,916
Fees and charges
Booking fee £0
Arrangement fee £995
Valuation fee £310
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% pa
Early Repayment Charge:
3% reducing to 2% until 30/11/22
Other info
Exit fee £195
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.87% and then on a variable rate of 4.09% for the remaining 23 years would require 24 payments of £521 and 276 payments of £654. The total amount payable would be £194,313 made up of the loan amount plus interest (£68,008) and fees (£1,305). The overall cost for comparison is 3.9% APRC representative.
Max LTV 75% Early Repayment Charges apply
Overall cost for comparison 3.9% APRC
?
Virgin Money
Max LTV 60%:
Fixed to 01/03/23
Initial rate
1.87%
then 4.54% (variable)
Monthly repayments
£522
Scheme fees
£1,745
Annual cost
£7,136
Fees and charges
Booking fee £0
Arrangement fee £1,995
Valuation fee £0
Other fees £0
Cashback £250
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
1.5% until 01/03/23
Other info
Exit fee £50
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.87% and then on a variable rate of 4.54% for the remaining 23 years would require 24 payments of £521 and 276 payments of £683. The total amount payable would be £202,757 made up of the loan amount plus interest (£76,012) and fees (£1,745). The overall cost for comparison is 4.4% APRC representative.
Max LTV 60% Early Repayment Charges apply
Overall cost for comparison 4.4% APRC
?
Virgin Money
Max LTV 60%:
Fixed to 01/03/24
Initial rate
1.87%
then 4.54% (variable)
Monthly repayments
£522
Scheme fees
£1,745
Annual cost
£6,845
Fees and charges
Booking fee £0
Arrangement fee £1,995
Valuation fee £0
Other fees £0
Cashback £250
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
2.5% until 01/03/24
Other info
Exit fee £50
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 3 years at 1.87% and then on a variable rate of 4.54% for the remaining 22 years would require 36 payments of £521 and 264 payments of £676. The total amount payable would be £198,965 made up of the loan amount plus interest (£72,220) and fees (£1,745). The overall cost for comparison is 4.2% APRC representative.
Max LTV 60% Early Repayment Charges apply
Overall cost for comparison 4.2% APRC
?
Accord
Max LTV 75%:
Fixed to 31/12/22
Initial rate
1.88%
then 4.49% (variable)
Monthly repayments
£523
Scheme fees
£950
Annual cost
£6,746
Fees and charges
Booking fee £0
Arrangement fee £950
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
2.5% reducing to 1.5% until 31/12/22
Other info
Exit fee £90
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.88% and then on a variable rate of 4.49% for the remaining 23 years would require 24 payments of £522 and 276 payments of £680. The total amount payable would be £201,158 made up of the loan amount plus interest (£75,208) and fees (£950). The overall cost for comparison is 4.1% APRC representative.
Max LTV 75% Early Repayment Charges apply
Overall cost for comparison 4.1% APRC
?
HSBC
Max LTV 65%:
Fixed to 30/09/22
Initial rate
1.89%
then 4.60% (variable)
Monthly repayments
£523
Scheme fees
£1,999
Annual cost
£7,277
Fees and charges
Booking fee £0
Arrangement fee £1,999
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
2% reducing to 1% until 30/09/22
Other info
Exit fee £0
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.89% and then on a variable rate of 4.60% for the remaining 23 years would require 24 payments of £523 and 276 payments of £687. The total amount payable would be £204,163 made up of the loan amount plus interest (£77,164) and fees (£1,999). The overall cost for comparison is 4.4% APRC representative.
Max LTV 65% Early Repayment Charges apply
Overall cost for comparison 4.4% APRC
?
The Mortgage Works
Max LTV 75%:
Fixed to 30/11/22
Initial rate
1.89%
then 4.24% (variable)
Monthly repayments
£523
Scheme fees
£1,745
Annual cost
£7,150
Fees and charges
Booking fee £0
Arrangement fee £1,995
Valuation fee £0
Other fees £0
Cashback £250
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
3% reducing to 2% until 30/11/22
Other info
Exit fee £90
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.89% and then on a variable rate of 4.24% for the remaining 23 years would require 24 payments of £523 and 276 payments of £664. The total amount payable would be £197,561 made up of the loan amount plus interest (£70,816) and fees (£1,745). The overall cost for comparison is 4.8% APRC representative.
Max LTV 75% Early Repayment Charges apply
Overall cost for comparison 4.8% APRC
?
The Mortgage Works
Max LTV 65%:
Fixed to 30/11/22
Initial rate
1.89%
then 4.24% (variable)
Monthly repayments
£523
Scheme fees
£745
Annual cost
£6,650
Fees and charges
Booking fee £0
Arrangement fee £995
Valuation fee £0
Other fees £0
Cashback £250
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
3% reducing to 2% until 30/11/22
Other info
Exit fee £90
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.89% and then on a variable rate of 4.24% for the remaining 23 years would require 24 payments of £523 and 276 payments of £664. The total amount payable would be £196,561 made up of the loan amount plus interest (£70,816) and fees (£745). The overall cost for comparison is 4.4% APRC representative.
Max LTV 65% Early Repayment Charges apply
Overall cost for comparison 4.4% APRC
?
TSB
Max LTV 60%:
Fixed to 31/12/25
Initial rate
1.89%
then 4.44% (variable)
Monthly repayments
£523
Scheme fees
£745
Annual cost
£6,427
Fees and charges
Booking fee £0
Arrangement fee £995
Valuation fee £0
Other fees £0
Cashback £250
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
5% reducing to 1% until 31/12/25
Other info
Exit fee £0
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 5 years at 1.89% and then on a variable rate of 4.44% for the remaining 20 years would require 60 payments of £523 and 240 payments of £657. The total amount payable would be £189,805 made up of the loan amount plus interest (£64,060) and fees (£745). The overall cost for comparison is 3.5% APRC representative.
Max LTV 60% Early Repayment Charges apply
Overall cost for comparison 3.5% APRC
?
Virgin Money
Max LTV 75%:
Fixed to 01/03/23
Initial rate
1.90%
then 4.54% (variable)
Monthly repayments
£524
Scheme fees
£1,745
Annual cost
£7,158
Fees and charges
Booking fee £0
Arrangement fee £1,995
Valuation fee £0
Other fees £0
Cashback £250
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
1.5% until 01/03/23
Other info
Exit fee £50
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.90% and then on a variable rate of 4.54% for the remaining 23 years would require 24 payments of £523 and 276 payments of £684. The total amount payable would be £203,081 made up of the loan amount plus interest (£76,336) and fees (£1,745). The overall cost for comparison is 4.4% APRC representative.
Max LTV 75% Early Repayment Charges apply
Overall cost for comparison 4.4% APRC
?
Virgin Money
Max LTV 75%:
Fixed to 01/03/24
Initial rate
1.90%
then 4.54% (variable)
Monthly repayments
£524
Scheme fees
£1,745
Annual cost
£6,867
Fees and charges
Booking fee £0
Arrangement fee £1,995
Valuation fee £0
Other fees £0
Cashback £250
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
2.5% until 01/03/24
Other info
Exit fee £50
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 3 years at 1.90% and then on a variable rate of 4.54% for the remaining 22 years would require 36 payments of £523 and 264 payments of £677. The total amount payable would be £199,301 made up of the loan amount plus interest (£72,556) and fees (£1,745). The overall cost for comparison is 4.2% APRC representative.
Max LTV 75% Early Repayment Charges apply
Overall cost for comparison 4.2% APRC
?
BM Solutions
Max LTV 60%:
Fixed to 31/12/25
Initial rate
1.90%
then 4.59% (variable)
Monthly repayments
£524
Scheme fees
£300
Annual cost
£6,345
Fees and charges
Booking fee £0
Arrangement fee £0
Valuation fee £300
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
5% reducing to 1% until 31/12/25
Other info
Exit fee £0
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 5 years at 1.90% and then on a variable rate of 4.59% for the remaining 20 years would require 60 payments of £523 and 240 payments of £666. The total amount payable would be £191,520 made up of the loan amount plus interest (£66,220) and fees (£300). The overall cost for comparison is 3.4% APRC representative.
Max LTV 60% Early Repayment Charges apply
Overall cost for comparison 3.4% APRC
?
Skipton
Max LTV 70%:
Fixed to 31/01/23
Initial rate
1.91%
then 4.84% (variable)
Monthly repayments
£524
Scheme fees
£995
Annual cost
£6,790
Fees and charges
Booking fee £0
Arrangement fee £995
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
2% reducing to 1% until 31/01/23
Other info
Exit fee £95
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.91% and then on a variable rate of 4.84% for the remaining 23 years would require 24 payments of £524 and 276 payments of £703. The total amount payable would be £207,599 made up of the loan amount plus interest (£81,604) and fees (£995). The overall cost for comparison is 4.6% APRC representative.
Max LTV 70% Early Repayment Charges apply
Overall cost for comparison 4.6% APRC
?
Leeds
Max LTV 70%:
Fixed to 31/01/23
Initial rate
1.94%
then 5.59% (variable)
Monthly repayments
£526
Scheme fees
£999
Annual cost
£6,814
Fees and charges
Booking fee £0
Arrangement fee £999
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
3% reducing to 2% until 31/01/23
Other info
Exit fee £199
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.94% and then on a variable rate of 5.59% for the remaining 23 years would require 24 payments of £526 and 276 payments of £754. The total amount payable would be £221,727 made up of the loan amount plus interest (£95,728) and fees (£999). The overall cost for comparison is 4.8% APRC representative.
Max LTV 70% Early Repayment Charges apply
Overall cost for comparison 4.8% APRC
?
HSBC
Max LTV 60%:
Base +1.84% for 2 years
Initial rate
1.94%
then 4.60% (variable)
Monthly repayments
£526
Scheme fees
£349
Annual cost
£6,489
Fees and charges
Booking fee £0
Arrangement fee £349
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed?
Early Repayment Charge:
None
Other info
Exit fee £0
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a variable rate for 2 years at 1.94% and then on a variable rate of 4.60% for the remaining 23 years would require 24 payments of £526 and 276 payments of £688. The total amount payable would be £202,861 made up of the loan amount plus interest (£77,512) and fees (£349). The overall cost for comparison is 4.2% APRC representative.
Max LTV 60% No Early Repayment Charges
Overall cost for comparison 4.2% APRC
?
The Mortgage Works
Max LTV 75%:
Fixed to 30/11/25
Initial rate
1.94%
then 4.24% (variable)
Monthly repayments
£526
Scheme fees
£2,335
Annual cost
£6,781
Fees and charges
Booking fee £0
Arrangement fee £1,995
Valuation fee £340
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
6% reducing to 2% until 30/11/25
Other info
Exit fee £90
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 5 years at 1.94% and then on a variable rate of 4.24% for the remaining 20 years would require 60 payments of £526 and 240 payments of £647. The total amount payable would be £189,175 made up of the loan amount plus interest (£61,840) and fees (£2,335). The overall cost for comparison is 4.1% APRC representative.
Max LTV 75% Early Repayment Charges apply
Overall cost for comparison 4.1% APRC
?
BM Solutions
Max LTV 75%:
Fixed to 31/12/25
Initial rate
1.95%
then 4.59% (variable)
Monthly repayments
£527
Scheme fees
£2,295
Annual cost
£6,780
Fees and charges
Booking fee £0
Arrangement fee £1,995
Valuation fee £300
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
5% reducing to 1% until 31/12/25
Other info
Exit fee £0
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 5 years at 1.95% and then on a variable rate of 4.59% for the remaining 20 years would require 60 payments of £526 and 240 payments of £666. The total amount payable would be £193,695 made up of the loan amount plus interest (£66,400) and fees (£2,295). The overall cost for comparison is 3.6% APRC representative.
Max LTV 75% Early Repayment Charges apply
Overall cost for comparison 3.6% APRC
?
Bank of Ireland
Max LTV 60%:
Fixed to 30/11/25
Initial rate
1.95%
then 4.09% (variable)
Monthly repayments
£527
Scheme fees
£1,305
Annual cost
£6,582
Fees and charges
Booking fee £0
Arrangement fee £995
Valuation fee £310
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% pa
Early Repayment Charge:
4% reducing to 2% until 30/11/25
Other info
Exit fee £195
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 5 years at 1.95% and then on a variable rate of 4.09% for the remaining 20 years would require 60 payments of £526 and 240 payments of £638. The total amount payable would be £185,985 made up of the loan amount plus interest (£59,680) and fees (£1,305). The overall cost for comparison is 3.4% APRC representative.
Max LTV 60% Early Repayment Charges apply
Overall cost for comparison 3.4% APRC
?
Godiva
Max LTV 65%:
Fixed to 31/10/22
Initial rate
1.95%
then 4.49% (variable)
Monthly repayments
£527
Scheme fees
£999
Annual cost
£6,821
Fees and charges
Booking fee £0
Arrangement fee £999
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
2% reducing to 1% until 31/10/22
Other info
Exit fee £125
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.95% and then on a variable rate of 4.49% for the remaining 23 years would require 24 payments of £526 and 276 payments of £681. The total amount payable would be £201,579 made up of the loan amount plus interest (£75,580) and fees (£999). The overall cost for comparison is 4.1% APRC representative.
Max LTV 65% Early Repayment Charges apply
Overall cost for comparison 4.1% APRC
?
Principality
Max LTV 60%:
2.45% discount to 31/05/23
Initial rate
1.95%
then 4.40% (variable)
Monthly repayments
£527
Scheme fees
£0
Annual cost
£6,321
Fees and charges
Booking fee £0
Arrangement fee £0
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
1% until 31/05/23
Other info
Exit fee £65
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a variable rate for 2 years at 1.95% and then on a variable rate of 4.40% for the remaining 23 years would require 24 payments of £526 and 276 payments of £675. The total amount payable would be £198,924 made up of the loan amount plus interest (£73,924) and fees (£0). The overall cost for comparison is 4.2% APRC representative.
Max LTV 60% Early Repayment Charges apply
Overall cost for comparison 4.2% APRC
?
Barclays
Max LTV 60%:
Fixed to 31/01/23
Initial rate
1.95%
then 4.59% (variable)
Monthly repayments
£527
Scheme fees
£1,525
Annual cost
£7,084
Fees and charges
Booking fee £0
Arrangement fee £1,295
Valuation fee £230
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
2% until 31/01/23
Other info
Exit fee £80
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.95% and then on a variable rate of 4.59% for the remaining 23 years would require 24 payments of £526 and 276 payments of £687. The total amount payable would be £203,761 made up of the loan amount plus interest (£77,236) and fees (£1,525). The overall cost for comparison is 4.3% APRC representative.
Max LTV 60% Early Repayment Charges apply
Overall cost for comparison 4.3% APRC
?
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When compiling our Buy to Let best buy tables we compare the best Buy to Let mortgage rates from across the UK market, including deals that are exclusive to us. It's important to remember that the best Buy to Let mortgage deals are not necessarily about getting the lowest mortgage rate possible, you also need to take into account all the fees and charges associated in setting up your new mortgage deal.

By choosing L&C to find your next Buy to Let mortgage deal our advisers will research the market for you, looking at criteria, set up fees and the rate to help you compare the best Buy to Let mortgage deal for your circumstances, saving you time and effort. Our best buy tables above show you the Buy to Let mortgage deals currently available, both fixed rates and variable rates, whether you are looking to purchase or remortgage to a better deal.

After taking out a Buy to Let mortgage or another financial product, 93% of L&C customers would recommend us based on 1355 Reviews.co.uk respondents - as of 02/04/19. Read our reviews

Getting the right Buy to Let mortgage deal

Buy to Let mortgages are designed for people who want to buy a property and rent it out rather than live in it themselves.

Despite changes which restrict Buy to Let tax relief for landlords, and a stamp duty surcharge on Buy to Let properties, many people still see renting out property as an attractive way to generate an income. Current low interest rates mean that there are plenty of competitive Buy to Let mortgage deals to choose from.

You can’t apply for a standard residential mortgage on a property that you let out as a landlord. If you already have a residential mortgage on the property you want to let out you should talk to your lender about switching to a landlord mortgage, or seek advice from a Buy to Let mortgage broker if you are buying a new property to let out.

Here, we explain everything you need to help you find the best deal.

Why apply for a Buy to Let mortgage with L&C?

Applying for a Buy to Let mortgage with L&C can save you time, hassle and money.

  • Our online Mortgage Finder has been designed for both desktop and mobile devices, making it possible for you to start your Buy to Let mortgage journey whether you’re at home or on the go
  • Answer a few questions online or over the phone and we’ll let you know which deals you’re eligible for – no need for a credit check
  • You can compare Buy to Let deals from a wide range of high street and specialist lenders, and can filter your options by indicating whether you want to go for a fixed or a variable Buy to Let deal, and how long you want your deal to last
  • Work out how much you can borrow and how much rent you might charge using our handy Buy to Let mortgage calculators
  • You can track your Buy to Let mortgage application online 24/7. We’ll appoint a dedicated case manager to do all the legwork for you
  • Our advice won’t cost you a penny. Like all brokers we’ll receive a payment from the lender when your Buy to Let mortgage completes – but unlike most other brokers, we won’t charge you a fee on top of this. You’ll pay no more applying through us than you would going directly to the lender on the same deal.

Back to top of guide

Who can get a Buy to Let mortgage?

As well as checking your rental income is sufficient, lenders will have other criteria you need to meet before they’ll offer you a Buy to Let mortgage. Buy to Let mortgages can be more risky for lenders so they tend to have stricter eligibility requirements than for residential mortgages.

  • Many lenders have a minimum income requirement, which is often £25,000 a year
  • You must typically be over the age of 21
  • Some lenders will also impose upper age limits too. They may require, for example, that you will be no older than 85 at the end of the mortgage term
  • It’s possible to get a Buy to Let mortgage if you’re a first time buyer landlord, but your mortgage choices are likely to be restricted. Lenders will usually prefer you to be a homeowner.

Back to top of guide

Find the best Buy to Let mortgage rates and deals

There are four main steps to follow when finding the best Buy to Let mortgage deals.

Step 1

Find out how much you can borrow. Think about your budget including how much deposit you can afford to put down. Use our Buy to Let mortgage calculator if you need help.

Step 2

Use our rent calculator to work out how much rent you might charge. It uses industry data to look at the typical rent you might expect depending on the postcode.

Step 3

Think about what type of Buy to Let mortgage deal you want. For example, if budgeting certainty is a priority, you might prefer a fixed rate Buy to Let mortgage, whereas if you’re comfortable with fluctuating monthly payments, you might prefer a variable rate mortgage.

Step 4

Compare Buy to Let mortgage deals using our online Mortgage Finder tool.

Simply enter a few details and we'll show you the Buy to Let deals from across the market that you're likely to qualify for, and how much they'll cost.

You can narrow your selection down by indicating whether you want to go for a fixed or a variable Buy to Let deal, and how long you want your deal to last.

Choosing the best mortgage for you can be tricky – that’s where L&C can help. Speak to one of our expert mortgage advisers or complete our Mortgage Finder and we’ll recommend the best deal for your circumstances.

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Buy to Let FAQs

What is a Buy to Let mortgage?

A Buy to Let mortgage is the type of mortgage you’ll need if you’re purchasing a property to rent out to a tenant. The amount you can borrow with a Buy to Let mortgage is mainly based on the rental income that the property is likely to bring in, whereas with a standard mortgage, lenders will look at your salary and outgoings. Find out more about how Buy to Let mortgages work.

You’ll typically need a deposit of around 25% of the property value to apply for a Buy to Let mortgage. However, some lenders will accept smaller deposits of around 15%, provided you can demonstrate the rental income is sufficient. Bear in mind that the bigger the deposit you can afford the better the mortgage rates you’re likely to get.

Buy to Let mortgage payments are calculated using the amount borrowed, the interest rate you will pay and the term of your mortgage. You can use our mortgage calculator to crunch the numbers and see what your monthly payments could be. Buy to Let mortgages are often arranged on an interest only basis, which mean the monthly payments will only cover the interest on the mortgage. It’s vital to work out how you’ll repay the capital, as this must be paid in full when the mortgage term ends.

No, Buy to Let mortgage rates are usually higher than standard residential mortgage rates. This is because lending on an investment property is considered a higher risk than lending to owner-occupiers.

When deciding whether you can afford a Buy to Let mortgage, you’ll need to consider not only whether you have enough savings to cover the deposit and any fees, but also how you’d cope if there were void periods. These are the times when your property isn’t let out and you must cover the mortgage payments yourself. Our Buy to Let calculator can help you find out how much your monthly mortgage payments are going to set you back.

There are several costs you’ll need to factor in if you’re considering becoming a landlord. For example, you’ll usually have letting and management fees to pay as well as accountant and legal fees. As the landlord, you’ll also be responsible for the cost of property repairs and maintenance, plus any ground rent, water rates and buildings insurance. Remember too that any rental income you earn from renting your property will be liable for income tax. Learn more about some of the things you'll need to think about when Buying to Let.

There’s no fixed minimum or maximum amount you can borrow with a Buy to Let mortgage, although specific products may have specific loan sizes, so make sure you check before you apply.

Yes, you can apply for a Buy to Let mortgage in a limited company name. If you’re setting up a limited company specifically to purchase a Buy to Let property you should seek professional tax advice to help you decide whether this is the best course of action to take based on your individual circumstances.

Most lenders will typically allow you to overpay up to 10% of your mortgage capital each year without penalty. However, this can vary depending on the lender and the product you’ve chosen, so you’ll need to check the rules of your specific deal before you overpay.

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