Buy to Let Mortgage with 10% Deposit

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

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1.89%Reverts to 4.25% after 2 years


Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term. Early redemption charges may apply.

Compare Buy To Let Mortgage Deals

Once upon a time it may have been possible to get a buy to let mortgage with just a 10% deposit but not now. See below for a selection of current buy to let deals - if you require advice please use our specialist service - see link above.

Buy to Let Mortgages - 2 Year Fixed Rate Selection

Provider

Type

Initial Interest Rate

Initial Term

Max LTV*Product Fee 
Fixed
Buy-to-Let

1.89%

Reverts to 4.25%

2

Years

60%

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.

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.
Buy to Let Mortgage Deals - 90% LTV
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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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Getting A Buy To Let Mortgage With 10% Deposit

Lenders will generally offer buy to let mortgages to borrowers based on how much risk is represented by the customer depending on their financial situation. From the provider’s point of view, a borrower that can afford a larger deposit is a far less risky option than someone who can only afford a small down payment. In order to compensate for this risk, lenders will often charge higher rates for these customers.

Deposits can obviously have a substantial effect upon overall cost of a mortgage, and it is therefore important to weigh up the pros and cons of a proposed agreement. If you are searching for a suitable buy to let mortgage, it is recommended to shop around.

Lender criteria has become much tighter post 2008 and the credit crunch with banks and building societies taking a more risk averse approach to lending. Typical maximum loan to values for buy to let are set at 75% by most lenders some may stretch to 80% i.e. a 20% deposit.

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