Buy to Let 3 Year Fixed Mortgages

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Latest Deal - NatWest 2 Year Fixed BUY TO LET » NatWest Mortgages

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1.82%Reverts to 4.25% after 2 years


Overall Cost for Comparison 4.40% APRC. This is the cost of the mortgage over the full term. Early redemption charges may apply.

Provider

Type

Initial Interest Rate

Initial Term

Max LTV*Product Fee 
Fixed
Buy-to-Let

2.08%

Reverts to 4.74%

3

Years

60%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.10% APRC. This is the cost of the mortgage over the full term.
Fixed
Buy-to-Let

2.29%

Reverts to 4.74%

3

Years

60%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.40% APRC. This is the cost of the mortgage over the full term.
Fixed
Buy-to-Let

2.69%

Reverts to 4.74%

3

Years

70%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.50% APRC. This is the cost of the mortgage over the full term.
Fixed
Buy-to-Let

2.73%

Reverts to 4.74%

3

Years

75%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.30% APRC. This is the cost of the mortgage over the full term.
Fixed
Buy-to-Let

2.79%

Reverts to 4.74%

3

Years

75%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.60% APRC. This is the cost of the mortgage over the full term.
Fixed
Buy-to-Let

2.95%

Reverts to 4.74%

3

Years

60%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.50% APRC. This is the cost of the mortgage over the full term.
Fixed
Buy-to-Let

3.15%

Reverts to 4.74%

3

Years

75%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.40% APRC. This is the cost of the mortgage over the full term.
Fixed
Buy-to-Let

3.29%

Reverts to 4.74%

3

Years

70%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.60% APRC. This is the cost of the mortgage over the full term.
Fixed
Buy-to-Let

3.39%

Reverts to 4.74%

3

Years

75%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.60% APRC. This is the cost of the mortgage over the full term.

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.

Compare 3 year fixed rate BTL mortgages

There are many reasons for why you want to take out a buy to let mortgage with a fixed rate for 3 years instead of an adjustable mortgage that tracks the rise and fall of interest rates. These include:

  • Stability in knowing what you have to pay each month
  • They offer you peace of mind
  • Many only last between 2-5 years so if you decide you are not satisfied with your mortgage so that you can change it quickly
  • You can budget the amount you need to spend each month without it changing


However, there are a few potential disadvantages that may come with purchasing a buy to let mortgage with a fixed rate for 3 years. Some examples could be:

  • You may be charged a redemption penalty, which refers to the fee you pay for ending your mortgage policy too soon
  • If the interest rates a low, then you could be paying more than you need to
  • Some buy to let mortgage deals feature higher monthly payments than others


If you are planning on taking out a buy to let mortgage with a 3 year fixed rate policy, you may want to consider shopping around for the best deal. Before making your final decision, you should consider your costs and the monthly payments. 

 

For independent buy to let mortgage advice call our mortgage team on 0117 332 6063.

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Call 0117 332 6063

to speak to the Fair Mortgages Buy To Let Mortgage Team.

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