Buy to Let Offset Mortgage

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 Offset Buy To Let Mortgage Deals

A buy to let offset mortgage may be useful for customers who may wish to use their savings to bring down their borrowing costs.  With this type of agreement, customers are essentially setting their savings against their borrowings to lower the repayment costs of their mortgage, depending of course on how much of this loan their savings may cover.

Buy to Let Mortgage Deal 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 >
  • Call 0800 096 7962 to speak to an RBS mortgage specialist.
Fixed
Buy-to-Let

1.33%

Reverts to 4.74%

2

Years

60%

YesMore Info >
Fixed
Buy-to-Let

1.84%

Reverts to 4.74%

2

Years

75%

YesMore Info >
  • Available to all customers
  • Call 0330 333 3893 to speak to us about this deal
  • Product fee £995
Tracker
Buy-to-Let

2.40%

Reverts to 4.25%

2

Years

70%

YesMore Info >
  • Call 0800 158 2934 to speak to a NatWest mortgage specialist
Fixed
Buy-to-Let

2.73%

Reverts to 4.25%

2 Years

75%

YesMore Info >
  • Call 0800 158 2934 to speak to a NatWest mortgage specialist
Fixed
Buy-to-Let

2.38%

Reverts to 4.74%

5

Years

60%

YesMore Info >
Fixed
Buy to Let

3.89%

Reverts to 5.10%

2

Years

75%

YesMore Info >
  • Available to all customers
  • Product fee of £999
Fixed
Buy to Let

4.79%

Reverts to 5.10%

2

Years

80%

YesMore Info >
  • Available to all customers
  • Product fee of £999
Fixed
Buy to Let

4.99%

Reverts to 5.10%

5

Years

80%

YesMore Info >
  • Available to all customers
  • Product fee of £999

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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  • Call 0117 332 6063
  • Independent buy to let mortgage advice
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  • Fast Track buy to let mortgage Service

Compare Offset Buy To Let Mortgages

Providers are quick to point out the tax advantages to this type of mortgage deal, as customers will not be expected to pay any tax on debt interest. Buy to let offset mortgages are also very flexible, as customers can take payment holidays without any financial penalties.

Unfortunately however, lenders will charge higher interest rates compared to other loans in order to compensate. In order for an agreement to remain viable, customers should have quite a substantial sum saved up in order to pay off their mortgage. Savings amounting to around 20% of their total mortgage is usually advisable in order to get the best possible return. 

For customers that have saved a sufficient amount, the payout for a 25 year offset mortgage can be very positive. 


It is also worth remembering that some buy to let mortgage policies may allow customers to link savings and current account balances to the mortgage. The earliest types of buy to let offset mortgages in the UK were usually linked to customer’s current accounts.


Under this agreement, the balance of the customer’s current account would be automatically added to their mortgage. So if for example the customers balance is at £60,000 and they have £4,000 in their current account, the amount of debt you will pay interest on will be reduced to £56,000. This balance would be adjusted very frequently, and the mortgage holder would only be expected to pay interest on the reduced figure.


If you are searching for a suitable mortgage deal, it is recommended to shop around - Use our specialist buy to let mortgage advice service to help you get the best deal.

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