Buy to Let Mortgage Comparison

Buy To Let Mortgage Comparison

There are a variety of different types of buy to let mortgages that are commonly sold to customers, the following is a brief explanation of some of the more popular types of agreement that are available:

Fixed Rate Buy to Let Mortgages

Fixed rate agreements can offer buy to let mortgage customers some considerable long term security. Unlike many other types of mortgage agreement, their rates are guaranteed to remain the same for a fixed period, making them exceedingly easy to budget for in many circumstances.

However, it should also be remembered that the rates for fixed rate mortgages are often slightly higher than many other types of agreement. It is therefore advisable to shop around as much as possible in order to find a competitive rate.

Tracker Buy to Let Mortgage Deals

These types of mortgages have their interest rates tracked according to the Bank of England’s base interest rates. The advantage of these agreements is that their rates are generally easier to predict that those that may be set by a provider.

Although it should be remembered that the rates for these mortgages will always be heavily influenced by the current economic situation and can be subject to change at any time.