Fixed Buy to Let Rates
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Call FREE - 0800 158 2934
- 2 Year Fixed BUY TO LET 60% LTV »
- Call FREE - 0800 158 2934
Overall Cost for Comparison 4.20% APRC. This is the cost of the mortgage over the full term. Early redemption charges may apply.
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A fixed rate buy to let mortgage guarantees a certain rate of interest over either the whole term of the mortgage or for a set period. A fixed rate buy to let mortgage provides certainty and peace of mind for budgeting purposes.
Check out some of the latest buy to let mortgage deals in the table below:
Provider | Type | Initial Interest Rate | Initial Term | Max LTV* | Product Fee | |
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Call FREE on 0800 096 7962 | Fixed Buy-to-Let | 1.74% Reverts to 4.49% | 2 Years | 60% | Yes | More Info > |
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Call FREE on 0330 057 1595 | Fixed Buy-to-Let | 1.79% Reverts to 4.99% | 2 Years | 75% | Yes | More Info > |
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Call FREE on 0800 056 8572 | Tracker Buy-to-Let | 2.65% Reverts to 4.49% | 2 Years | 70% | Yes | More Info > |
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Call FREE on 0800 056 8572 | Fixed Buy-to-Let | 2.12% Reverts to 4.49% | 2 Years | 75% | Yes | More Info > |
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Call FREE on 0808 178 6813 | Fixed Buy-to-Let | 2.26% Reverts to 5.24% | 5 Years | 60% | Yes | More Info > |
Representative Example:
A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.
The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).
In this example the overall cost for comparison is 3.7% APRC representative.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
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A fixed rate of interest does not allow savings when interest rates fall on a variable or tracker mortgage, but does not demand more when they go up either. To find out more about fixed rate buy to let mortgages, just complete our simple form, and you will receive:
- Information about the latest fixed rate deals
- Independent help and advice
- No obligation quotes
Click on the link for more information on buy to let mortgages and to get quotes.
For those seeking to invest in a property, a buy to let fixed rate mortgage could be a very useful option in the right circumstances.
Indeed, the purchase of buy to let properties is becoming increasingly popular in the UK due to the rise of certain demographics including the population, divorce rates and the number of students leaving home to attend university. Because of this, there is an increasing demand for buy to let properties.
A fixed rate mortgage is a type of interest rate deal that allows customers to repay a fixed amount of interest on their loan every month. Regardless of how interest rates change you will pay the same each month.
The starting rates for fixed buy to let mortgages may vary a great deal from provider to provider. However it is important to remember that competition for these mortgages will always be high due their popularity. As such, customers should shop around and compare mortgage deals from a number of providers before making any final decisions.
For more information, please see the mortgage comparisons table above.
The following are some of the advantages of taking out a fixed rate buy to let mortgage:
- Security and comfort in knowing that your repayments will be the same each month.
- Beneficial to those who are on a tight budget, therefore have greater control over your finances.
- Protected against the unpredictable accession of interest rates.
For many people a buy to let fixed rate mortgage may be a preferable choice, but this is not to say they may not come without any disadvantages. Some of the disadvantages to fixed rate mortgages include:
- You may be paying more than you need to if the interest rates are low.
- There may be fees and charges attached that are costly.
- Buy to let fixed rate mortgages tend to be longer and premiums are sometimes higher than usual.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
The above mortgage products highlighted on this website are available directly through lenders who will be able to provide further information about the product you are interested in. If you are unsure about what mortgage product is suitable for you, we suggest you speak to an independent mortgage broker
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