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Buy to Let Current Account Mortgage

Buy to Let Current Account MortgageBuy to Let Current Account Mortgage

A buy-to-let current account mortgage works in precisely the same way as a standard current account mortgage, with the exception that the mortgage is for a buy-to-let property. Buy-to-let current account mortgages can be arranged in a number of ways, with income coming into the account from rental, the buyer’s personal income or both. Lenders will also require different arrangements for any savings used to offset against the borrowed capital.

A buy-to-let current account mortgage can be a significant improvement over a standard mortgage for those with both discipline and a reasonable level of savings.

Initial RateTypePeriod ToProviderThe Overall Cost For Comparison APRLTV 
5.49% Buy To LetAug 2010The Mortgage Works 7.50% 50% More
5.59% Buy To LetAug 2010The Mortgage Works 7.50% 65% More
5.95% Buy To LetJul 2033Woolwich (Barclays) 5.95% 75% More
5.99% Buy To Let The Mortgage Works 7.60% 50% More
5.99% Buy To LetAug 2010Premier Mortgage Service 5.99% 70% More
6.09% Buy To LetJul 2011BM Solutions 7.60% 60% More
6.09% Buy To LetJul 2011Leek United 7.30% 75% More
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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

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