Buy to Let Mortgage Interest Rates

There are many Buy to Let Mortgage interest rate deals each with its own different pros and cons. What’s right for you depends on personal circumstances.

Different types of interest rate deal include: fixed, discounted, tracker, capped and standard variable. It is important to be aware that unless your interest rate deal is fixed, a change in the Bank of England interest rate may affect your lender’s rate and therefore the amount you have to pay every month. The Bank of England’s rate is at a 300 year low, so while rates are very attractive currently for borrowing the potential for future rises needs to be factored into your affordability calculations.

See below for a selection of Buy to Let Mortgage deals from UK lenders or if you are unsure of your options use our quote and advice service using the link above.

Different types of buy to let mortgage interest rate deal include:

Standard Variable Rate Mortgage

Interest repayment will move up or down in line with the lenders variable interest rate which is influenced by changed to the Bank of England base rate.

Tracker Rate Mortgage

The lender will offer a deal that moves in line with the Bank of England Base rate or another benchmark e.g. Libor. Your mortgage will track the base rate up or down. 

Discounted Variable Rate Mortgage

Interest repayments can go up or down but you will recieve a discount off the standard variable rate for a fixed period of time after which the deal reverts back to teh standard variable rate.

Fixed Rate Mortgage

The mortgage rate is fixed for a set period of time and will revert back to the standard variable rate.

Capped Rate Mortgage

The rate can fluctutate up to a fixed ceiling and will revert back to teh standard variable rate after a defined term.

You may wish to speak to a mortgage adviser about which BTL mortgage plan to take out - Use our service by clicking teh link at the top of the page.