Buy to Let Mortgage with 20% Deposit

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.

Compare 20% Deposit Buy To Let Mortgage Deals

In today’s financial climate, buy to let mortgage lenders are beginning to require more security from customers. A 20% deposit is usually considered the minimum that lenders will require in order to get a loan at a reasonable rate; however this percentage may vary a great deal depending on the provider.See below for a selection of BTL mortgage deals - if you require advice please use our specialist service using the 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

1.82%

Reverts to 4.25%

2

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

3.89%

Reverts to 5.10%

2

Years

75%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 5.10% APRC. This is the cost of the mortgage over the full term.
Fixed
Buy to Let

4.79%

Reverts to 5.10%

2

Years

80%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 5.30% 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 - 80% LTV

Provider

Type

Initial Rate

Initial Term

Overall Cost for Comparison

Max LTV*Product Fee 
Fixed
Buy to Let

4.79%

Reverts to 5.10%

2

Years

5.30%

80%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 5.30% APRC. This is the cost of the mortgage over the full term.
Fixed
Buy to Let

4.79%

Reverts to 5.10%

2

Years

5.30%

80%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 5.30% APRC. This is the cost of the mortgage over the full term.
Fixed
Buy to Let

4.99%

Reverts to 5.10%

5

Years

5.30%

80%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 5.30% APRC. This is the cost of the mortgage over the full term.
Fixed
Buy to Let

4.99%

Reverts to 5.10%

5

Years

5.30%

80%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 5.30% 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.
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Compare 20% Deposit BTL Mortgage Offers

A 20% deposit for a buy to let mortgage may seem like quite a large sum at first, however, it should be remembered that buy to let agreements typically represent a much greater risk to lenders than a traditional mortgage. As such, financial institutions will require a reasonable level of security from customers before an agreement is made.


Generally speaking the higher the deposit that is paid, the better the deal will be for the customer, meaning that interest rates will generally be lower, and they will have a better chance of getting a good overall deal on their buy to let mortgage. To the lender, a deposit of 20% or higher for a buy to let mortgage will provide an adequate level of assurance, assuming of course that the customer has a good credit history without any previous debts or unpaid loan etc.


In the past, a 20% deposit may have been enough to provide quite a high level of assurance, however in today’s world, this is now often seen as the minimum percentage that most buy to let mortgage lenders will require.


If you are searching for a suitable buy to let loan, it is recommended to shop around - use our advice service if you would like a specialist broker to do this for you.

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