Best Buy To Let Mortgages – Top 2020 Picks

Selected Buy To let Mortgage Top Picks – July 2020

UK interest rates are at an all time low!

If you are coming to the end of a deal on your current buy to let mortgage or you are looking to save money by switching to a better rate there has not been a better time to get a great low rate btl mortgage.

Reasons why people often remortgage a buy to let include;

  • Reducing monthly payments
  • Releasing capital
  • Paying for property improvements
  • Consolidate other existing debts

In the tables below we have outlined 2,3,5 and 10 year buy to let mortgage deals up to 80% loan to value.

Buy to Let – 2 Year Fixed Rates

Type
Fixed Buy-to-Let
Initial Term
2 Years
Initial Rate
1.35%
Reverts to 4.09%
Max LTV
60%
Product Fee
Yes
Call NatWest FREE on 0800 056 8572

Early redemption charges may apply. Overall Cost for Comparison 4.40% APRC. This is the cost of the mortgage over the full term.

 

Type
Fixed Buy-to-Let
Initial Term
2 Years
Initial Rate
1.35%
Reverts to 4.09%
Max LTV
60%
Product Fee
Yes
Call RBS FREE on 0800 096 7962

Early redemption charges may apply. Overall Cost for Comparison 4.40% APRC. This is the cost of the mortgage over the full term.

 

Type
Fixed Buy-to-Let
Initial Term
2 Years
Initial Rate
1.55%
Reverts to 4.54%
Max LTV
60%
Product Fee
Yes
Call Virgin Money FREE on 0330 057 1595
£250 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.30% APRC. This is the cost of the mortgage over the full term.

 

Type
Fixed Buy-to-Let
Initial Term
2 Years
Initial Rate
1.69%
Reverts to 4.54%
Max LTV
75%
Product Fee
Yes
Call Virgin Money FREE on 0330 057 1595
£250 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.30% APRC. This is the cost of the mortgage over the full term.

 

Type
Fixed Buy-to-Let
Initial Term
2 Years
Initial Rate
1.87%
Reverts to 4.09%
Max LTV
75%
Product Fee
Yes
Call NatWest FREE on 0800 056 8572

Early redemption charges may apply. Overall Cost for Comparison 4.50% APRC. This is the cost of the mortgage over the full term.

 

Type
Fixed Buy-to-Let
Initial Term
2 Years
Initial Rate
1.87%
Reverts to 4.09%
Max LTV
75%
Product Fee
Yes
Call RBS FREE on 0800 096 7962

Early redemption charges may apply. Overall Cost for Comparison 4.50% APRC. This is the cost of the mortgage over the full term.

 

Buy to Let – 3 Year Fixed Rates

Type
Fixed Buy-to-Let
Initial Term
3 Years
Initial Rate
1.60%
Reverts to 4.54%
Max LTV
60%
Product Fee
Yes
Call Virgin Money FREE on 0330 057 1595
£250 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.10% APRC. This is the cost of the mortgage over the full term.

 

Type
Fixed Buy-to-Let
Initial Term
3 Years
Initial Rate
1.64%
Reverts to 4.54%
Max LTV
75%
Product Fee
Yes
Call Virgin Money FREE on 0330 057 1595
£250 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.20% APRC. This is the cost of the mortgage over the full term.

 

Buy To Let – 5 Year Fixed Rates

Type
Fixed Buy-to-Let
Initial Term
5 Years
Initial Rate
1.74%
Reverts to 4.54%
Max LTV
60%
Product Fee
Yes
Call Virgin Money FREE on 0330 057 1595
£250 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 3.90% APRC. This is the cost of the mortgage over the full term.

 

Type
Fixed Buy-to-Let
Initial Term
5 Years
Initial Rate
2.04%
Reverts to 4.54%
Max LTV
75%
Product Fee
Yes
Call Virgin Money FREE on 0330 057 1595
£250 CASHBACK

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

 

Type
Fixed Buy-to-Let
Initial Term
5 Years
Initial Rate
2.05%
Reverts to 4.09%
Max LTV
60%
Product Fee
Yes
Call NatWest FREE on 0800 056 8572

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

 

Type
Fixed Buy-to-Let
Initial Term
5 Years
Initial Rate
2.05%
Reverts to 4.09%
Max LTV
60%
Product Fee
Yes
Call RBS FREE on 0800 096 7962

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

 

Type
Fixed Buy-to-Let
Initial Term
5 Years
Initial Rate
2.18%
Reverts to 4.09%
Max LTV
75%
Product Fee
Yes
Call NatWest FREE on 0800 056 8572

Early redemption charges may apply. Overall Cost for Comparison 4.10% APRC. This is the cost of the mortgage over the full term.

 

Type
Fixed Buy-to-Let
Initial Term
5 Years
Initial Rate
2.18%
Reverts to 4.09%
Max LTV
75%
Product Fee
Yes
Call RBS FREE on 0800 096 7962

Early redemption charges may apply. Overall Cost for Comparison 4.20% APRC. This is the cost of the mortgage over the full term.

 

Type
Fixed Buy-to-Let
Initial Term
5 Years
Initial Rate
3.48%
Reverts to 4.54%
Max LTV
80%
Product Fee
Yes
Call Virgin Money FREE on 0330 057 1595
£250 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.40% APRC. This is the cost of the mortgage over the full term.

 

Buy To Let – 10 Year Fixed Rates

Type
Fixed Buy-to-Let
Initial Term
10 Years
Initial Rate
2.46%
Reverts to 4.54%
Max LTV
60%
Product Fee
Yes
Call Virgin Money FREE on 0330 057 1595
£250 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 3.60% APRC. This is the cost of the mortgage over the full term.

 

Type
Fixed Buy-to-Let
Initial Term
10 Years
Initial Rate
3.24%
Reverts to 4.54%
Max LTV
75%
Product Fee
Yes
Call Virgin Money FREE on 0330 057 1595
£250 CASHBACK

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

 

In recent findings by Moneyfacts, after dropping to only 1,455 total products offered in May, over the last two months, 283 more buy to let products have been added to lenders’ ranges. There are now 134 more two-year fixed products available in the buy-to-let sector than there were at the start of May 2020, and 164 more five-year fixed rate btl products are on offer.



According to Eleanor Williams at Moneyfacts  “The latest Rental Index research from lettings platform Goodlord indicates that in June, new tenancy applications remained at 90% above 2019 levels. Subsequently, they have recorded increases in rental costs and also void periods reducing, as tenant demand for new properties remains strong now that the market has reopened. This news should be a boost to landlords, who after a difficult few months can see that choice is beginning to return to their sector.”

Written by Editorial Team ,
10th July 2020