Compare Buy To Let Mortgages

Compare our selection of buy to let mortgage deals in the table below. We work with the UK’s best mortgage brokers to provide you with an independent service to help you find the right mortgage. We have access to thousands of mortgages from all major UK lenders. Send us an enquiry or call us on 01274 271 599 for free mortgage advice. Our qualified advisers will make sure you are eligible for any deal before you apply and will provide expert support through the entire process.



Provider Details

Post Office - 2 Year Fixed

logo Send Enquiry
  • Initial Rate1.38% for 2 years
  • Fees£2,073
  • APRC4.8% overall cost
  • Monthly Cost£591.48 for 24 months
Call Us Now For Free Independent Mortgage Advice - In Association With Charwin Mortgages.01274 271 599

Representative Example: This is a repayment mortgage of £150,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 5.24%, costing £872.67 p/m) for 276 months. Total amount payable £257,126. Fees total £2,073. Fees are assumed to be paid up front and are not included in the amount borrowed.

TSB - 2 Year Fixed

logo Send Enquiry
  • Initial Rate1.39% for 2 years
  • Fees£2,256
  • APRC4.7% overall cost
  • Monthly Cost£592.18 for 24 months
Call Us Now For Free Independent Mortgage Advice - In Association With Charwin Mortgages.01274 271 599

Representative Example: This is a repayment mortgage of £150,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 5.09%, costing £860.68 p/m) for 276 months. Total amount payable £254,017. Fees total £2,256. Fees are assumed to be paid up front and are not included in the amount borrowed.

Leek United - 2 Year Discounted

logo Send Enquiry
  • Initial Rate1.35% for 2 years
  • Fees£1,218
  • APRC4.9% overall cost
  • Monthly Cost£589.39 for 24 months
Call Us Now For Free Independent Mortgage Advice - In Association With Charwin Mortgages.01274 271 599

Representative Example: This is a repayment mortgage of £150,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 5.44%, costing £888.66 p/m) for 276 months. Total amount payable £260,632. Fees total £1,218. Fees are assumed to be paid up front and are not included in the amount borrowed.

Leeds Building Society - 2 Year Tracker

logo Send Enquiry
  • Initial Rate1.29% for 2 years
  • Fees£2,733
  • APRC5.4% overall cost
  • Monthly Cost£585.22 for 24 months
Call Us Now For Free Independent Mortgage Advice - In Association With Charwin Mortgages.01274 271 599

Representative Example: This is a repayment mortgage of £150,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 5.99%, costing £933.53 p/m) for 276 months. Total amount payable £274,433. Fees total £2,733. Fees are assumed to be paid up front and are not included in the amount borrowed.

Barclays - 2 Year Fixed

logo Send Enquiry
  • Initial Rate1.50% for 2 years
  • Fees£2,065
  • APRC4.8% overall cost
  • Monthly Cost£599.90 for 24 months
Call Us Now For Free Independent Mortgage Advice - In Association With Charwin Mortgages.01274 271 599

Representative Example: This is a repayment mortgage of £150,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 5.24%, costing £873.60 p/m) for 276 months. Total amount payable £257,576. Fees total £2,065. Fees are assumed to be paid up front and are not included in the amount borrowed.

Bank of Ireland - 2 Year Fixed

logo Send Enquiry
  • Initial Rate1.54% for 2 years
  • Fees£1,705
  • APRC4.4% overall cost
  • Monthly Cost602.73 for 24 months
Call Us Now For Free Independent Mortgage Advice - In Association With Charwin Mortgages.01274 271 599

Representative Example: This is a repayment mortgage of £150,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 4.74%, costing £833.97 p/m) for 276 months. Total amount payable £246,347. Fees total £1,705. Fees are assumed to be paid up front and are not included in the amount borrowed.

Virgin Money - 2 Year Fixed

logo Send Enquiry
  • Initial Rate1.54% for 2 years
  • Fees£2,439
  • APRC4.6% overall cost
  • Monthly Cost£602.73 for 24 months
Call Us Now For Free Independent Mortgage Advice - In Association With Charwin Mortgages.01274 271 599

Representative Example: This is a repayment mortgage of £150,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 4.99%, costing £853.82 p/m) for 276 months. Total amount payable £252,558. Fees total £2,439. Fees are assumed to be paid up front and are not included in the amount borrowed.

Skipton Building Society - 5 Year Fixed

logo Send Enquiry
  • Initial Rate2.05% for 5 years
  • Fees£2,066
  • APRC4.1% overall cost
  • Monthly Cost£639.44 for 60 months
Call Us Now For Free Independent Mortgage Advice - In Association With Charwin Mortgages.01274 271 599

Representative Example: This is a repayment mortgage of £150,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 5.19%, costing £843.56 p/m) for 240 months. Total amount payable £242,886. Fees total £2,066. Fees are assumed to be paid up front and are not included in the amount borrowed.

The Mortgage Works - 5 Year Fixed

logo Send Enquiry
  • Initial Rate2.09% for 5 years
  • Fees£2,545
  • APRC3.9% overall cost
  • Monthly Cost£642.37 for 60 months
Call Us Now For Free Independent Mortgage Advice - In Association With Charwin Mortgages.01274 271 599

Representative Example: This is a repayment mortgage of £150,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 4.74%, costing £813.02 p/m) for 240 months. Total amount payable £236,212. Fees total £2,545. Fees are assumed to be paid up front and are not included in the amount borrowed.

Post Office - 5 Year Fixed

logo Send Enquiry
  • Initial Rate2.11% for 5 years
  • Fees£2,773
  • APRC4.2% overall cost
  • Monthly Cost£643.85 for 60 months
Call Us Now For Free Independent Mortgage Advice - In Association With Charwin Mortgages.01274 271 599

Representative Example: This is a repayment mortgage of £150,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard variable Rate (currently 5.24%, costing £848.14 p/m) for 240 months. Total amount payable £244,957. Fees total £2,773. Fees are assumed to be paid up front and are not included in the amount borrowed.

Provider Details

Post Office - 2 Year Fixed

logo Send Enquiry
  • Initial Rate1.38% for 2 years
  • Fees£2,073
  • APRC4.8% overall cost
  • Monthly Cost£591.48 for 24 months
Call Us Now For Free Independent Mortgage Advice - In Association With Charwin Mortgages.01274 271 599

Representative Example: This is a repayment mortgage of £150,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 5.24%, costing £872.67 p/m) for 276 months. Total amount payable £257,126. Fees total £2,073. Fees are assumed to be paid up front and are not included in the amount borrowed.

TSB - 2 Year Fixed

logo Send Enquiry
  • Initial Rate1.39% for 2 years
  • Fees£2,256
  • APRC4.7% overall cost
  • Monthly Cost£592.18 for 24 months
Call Us Now For Free Independent Mortgage Advice - In Association With Charwin Mortgages.01274 271 599

Representative Example: This is a repayment mortgage of £150,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 5.09%, costing £860.68 p/m) for 276 months. Total amount payable £254,017. Fees total £2,256. Fees are assumed to be paid up front and are not included in the amount borrowed.

Leek United - 2 Year Discounted

logo Send Enquiry
  • Initial Rate1.35% for 2 years
  • Fees£1,218
  • APRC4.9% overall cost
  • Monthly Cost£589.39 for 24 months
Call Us Now For Free Independent Mortgage Advice - In Association With Charwin Mortgages.01274 271 599

Representative Example: This is a repayment mortgage of £150,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 5.44%, costing £888.66 p/m) for 276 months. Total amount payable £260,632. Fees total £1,218. Fees are assumed to be paid up front and are not included in the amount borrowed.

Leeds Building Society - 2 Year Tracker

logo Send Enquiry
  • Initial Rate1.29% for 2 years
  • Fees£2,733
  • APRC5.4% overall cost
  • Monthly Cost£585.22 for 24 months
Call Us Now For Free Independent Mortgage Advice - In Association With Charwin Mortgages.01274 271 599

Representative Example: This is a repayment mortgage of £150,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 5.99%, costing £933.53 p/m) for 276 months. Total amount payable £274,433. Fees total £2,733. Fees are assumed to be paid up front and are not included in the amount borrowed.

Barclays - 2 Year Fixed

logo Send Enquiry
  • Initial Rate1.50% for 2 years
  • Fees£2,065
  • APRC4.8% overall cost
  • Monthly Cost£599.90 for 24 months
Call Us Now For Free Independent Mortgage Advice - In Association With Charwin Mortgages.01274 271 599

Representative Example: This is a repayment mortgage of £150,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 5.24%, costing £873.60 p/m) for 276 months. Total amount payable £257,576. Fees total £2,065. Fees are assumed to be paid up front and are not included in the amount borrowed.

Bank of Ireland - 2 Year Fixed

logo Send Enquiry
  • Initial Rate1.54% for 2 years
  • Fees£1,705
  • APRC4.4% overall cost
  • Monthly Cost602.73 for 24 months
Call Us Now For Free Independent Mortgage Advice - In Association With Charwin Mortgages.01274 271 599

Representative Example: This is a repayment mortgage of £150,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 4.74%, costing £833.97 p/m) for 276 months. Total amount payable £246,347. Fees total £1,705. Fees are assumed to be paid up front and are not included in the amount borrowed.

Virgin Money - 2 Year Fixed

logo Send Enquiry
  • Initial Rate1.54% for 2 years
  • Fees£2,439
  • APRC4.6% overall cost
  • Monthly Cost£602.73 for 24 months
Call Us Now For Free Independent Mortgage Advice - In Association With Charwin Mortgages.01274 271 599

Representative Example: This is a repayment mortgage of £150,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 4.99%, costing £853.82 p/m) for 276 months. Total amount payable £252,558. Fees total £2,439. Fees are assumed to be paid up front and are not included in the amount borrowed.

Skipton Building Society - 5 Year Fixed

logo Send Enquiry
  • Initial Rate2.05% for 5 years
  • Fees£2,066
  • APRC4.1% overall cost
  • Monthly Cost£639.44 for 60 months
Call Us Now For Free Independent Mortgage Advice - In Association With Charwin Mortgages.01274 271 599

Representative Example: This is a repayment mortgage of £150,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 5.19%, costing £843.56 p/m) for 240 months. Total amount payable £242,886. Fees total £2,066. Fees are assumed to be paid up front and are not included in the amount borrowed.

The Mortgage Works - 5 Year Fixed

logo Send Enquiry
  • Initial Rate2.09% for 5 years
  • Fees£2,545
  • APRC3.9% overall cost
  • Monthly Cost£642.37 for 60 months
Call Us Now For Free Independent Mortgage Advice - In Association With Charwin Mortgages.01274 271 599

Representative Example: This is a repayment mortgage of £150,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 4.74%, costing £813.02 p/m) for 240 months. Total amount payable £236,212. Fees total £2,545. Fees are assumed to be paid up front and are not included in the amount borrowed.

Post Office - 5 Year Fixed

logo Send Enquiry
  • Initial Rate2.11% for 5 years
  • Fees£2,773
  • APRC4.2% overall cost
  • Monthly Cost£643.85 for 60 months
Call Us Now For Free Independent Mortgage Advice - In Association With Charwin Mortgages.01274 271 599

Representative Example: This is a repayment mortgage of £150,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard variable Rate (currently 5.24%, costing £848.14 p/m) for 240 months. Total amount payable £244,957. Fees total £2,773. Fees are assumed to be paid up front and are not included in the amount borrowed.

Provider Details

Post Office - 2 Year Fixed

logo Send Enquiry
  • Initial Rate1.38% for 2 years
  • Fees£2,073
  • APRC4.8% overall cost
  • Monthly Cost£591.48 for 24 months
Call Us Now For Free Independent Mortgage Advice - In Association With Charwin Mortgages.01274 271 599

Representative Example: This is a repayment mortgage of £150,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 5.24%, costing £872.67 p/m) for 276 months. Total amount payable £257,126. Fees total £2,073. Fees are assumed to be paid up front and are not included in the amount borrowed.

TSB - 2 Year Fixed

logo Send Enquiry
  • Initial Rate1.39% for 2 years
  • Fees£2,256
  • APRC4.7% overall cost
  • Monthly Cost£592.18 for 24 months
Call Us Now For Free Independent Mortgage Advice - In Association With Charwin Mortgages.01274 271 599

Representative Example: This is a repayment mortgage of £150,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 5.09%, costing £860.68 p/m) for 276 months. Total amount payable £254,017. Fees total £2,256. Fees are assumed to be paid up front and are not included in the amount borrowed.

Leek United - 2 Year Discounted

logo Send Enquiry
  • Initial Rate1.35% for 2 years
  • Fees£1,218
  • APRC4.9% overall cost
  • Monthly Cost£589.39 for 24 months
Call Us Now For Free Independent Mortgage Advice - In Association With Charwin Mortgages.01274 271 599

Representative Example: This is a repayment mortgage of £150,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 5.44%, costing £888.66 p/m) for 276 months. Total amount payable £260,632. Fees total £1,218. Fees are assumed to be paid up front and are not included in the amount borrowed.

Leeds Building Society - 2 Year Tracker

logo Send Enquiry
  • Initial Rate1.29% for 2 years
  • Fees£2,733
  • APRC5.4% overall cost
  • Monthly Cost£585.22 for 24 months
Call Us Now For Free Independent Mortgage Advice - In Association With Charwin Mortgages.01274 271 599

Representative Example: This is a repayment mortgage of £150,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 5.99%, costing £933.53 p/m) for 276 months. Total amount payable £274,433. Fees total £2,733. Fees are assumed to be paid up front and are not included in the amount borrowed.

Barclays - 2 Year Fixed

logo Send Enquiry
  • Initial Rate1.50% for 2 years
  • Fees£2,065
  • APRC4.8% overall cost
  • Monthly Cost£599.90 for 24 months
Call Us Now For Free Independent Mortgage Advice - In Association With Charwin Mortgages.01274 271 599

Representative Example: This is a repayment mortgage of £150,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 5.24%, costing £873.60 p/m) for 276 months. Total amount payable £257,576. Fees total £2,065. Fees are assumed to be paid up front and are not included in the amount borrowed.

Bank of Ireland - 2 Year Fixed

logo Send Enquiry
  • Initial Rate1.54% for 2 years
  • Fees£1,705
  • APRC4.4% overall cost
  • Monthly Cost602.73 for 24 months
Call Us Now For Free Independent Mortgage Advice - In Association With Charwin Mortgages.01274 271 599

Representative Example: This is a repayment mortgage of £150,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 4.74%, costing £833.97 p/m) for 276 months. Total amount payable £246,347. Fees total £1,705. Fees are assumed to be paid up front and are not included in the amount borrowed.

Virgin Money - 2 Year Fixed

logo Send Enquiry
  • Initial Rate1.54% for 2 years
  • Fees£2,439
  • APRC4.6% overall cost
  • Monthly Cost£602.73 for 24 months
Call Us Now For Free Independent Mortgage Advice - In Association With Charwin Mortgages.01274 271 599

Representative Example: This is a repayment mortgage of £150,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 4.99%, costing £853.82 p/m) for 276 months. Total amount payable £252,558. Fees total £2,439. Fees are assumed to be paid up front and are not included in the amount borrowed.

Skipton Building Society - 5 Year Fixed

logo Send Enquiry
  • Initial Rate2.05% for 5 years
  • Fees£2,066
  • APRC4.1% overall cost
  • Monthly Cost£639.44 for 60 months
Call Us Now For Free Independent Mortgage Advice - In Association With Charwin Mortgages.01274 271 599

Representative Example: This is a repayment mortgage of £150,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 5.19%, costing £843.56 p/m) for 240 months. Total amount payable £242,886. Fees total £2,066. Fees are assumed to be paid up front and are not included in the amount borrowed.

The Mortgage Works - 5 Year Fixed

logo Send Enquiry
  • Initial Rate2.09% for 5 years
  • Fees£2,545
  • APRC3.9% overall cost
  • Monthly Cost£642.37 for 60 months
Call Us Now For Free Independent Mortgage Advice - In Association With Charwin Mortgages.01274 271 599

Representative Example: This is a repayment mortgage of £150,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard Variable Rate (currently 4.74%, costing £813.02 p/m) for 240 months. Total amount payable £236,212. Fees total £2,545. Fees are assumed to be paid up front and are not included in the amount borrowed.

Post Office - 5 Year Fixed

logo Send Enquiry
  • Initial Rate2.11% for 5 years
  • Fees£2,773
  • APRC4.2% overall cost
  • Monthly Cost£643.85 for 60 months
Call Us Now For Free Independent Mortgage Advice - In Association With Charwin Mortgages.01274 271 599

Representative Example: This is a repayment mortgage of £150,000 with 300 monthly repayments. At end of initial period the interest rate will revert to the lenders Standard variable Rate (currently 5.24%, costing £848.14 p/m) for 240 months. Total amount payable £244,957. Fees total £2,773. Fees are assumed to be paid up front and are not included in the amount borrowed.

Note: All of the mortgages above are calculated on the basis of a £250,000 property value and a mortgage of £150,000. A loan-to-value (LTV) ratio of 60%.

 

Buy To Let Mortgages

How They Work

The major difference between a buy-to-let mortgage and a residential loan is that it is the rental income that will be taken into account by the lender rather than your salary being considered as the primary income source. As a landlord, your personal income may also be taken into account by some lenders.

Generally, most lenders want your prospective rental income to cover at least 25 per cent over your monthly interest payments on your mortgage, and this will usually have to be independently verified. This is to ensure that you can afford periods when your property is empty and to reassure the lender.

 

Rules on Borrowing

Most lenders will also want at least a 25 per cent deposit, and the best deals are usually found when the loan-to-value ratio is 60 per cent or under. It is also worth remembering that whilst interest-only buy-to-let mortgages often mean lower monthly payments, the amount borrowed is not being repaid.

The amount you can borrow will depend on your chosen lender and mortgage product, although there is a maximum of £150,000 to £1 million per property. You may also be affected by rules on the number of buy-to-lets you can own.

 

Buy-to-Let Specifics

It is also important to understand that you are not allowed to just rent out a property that you have bought using a standard residential mortgage, as this is likely to contravene the terms and conditions of your loan. You can ask permission from your lender, but they do have the right to refuse or to ask you to pay fees and a higher interest rate.

The most important things to consider if you are thinking about getting a buy-to-let mortgage is that the property market can fluctuate and tenants can be hard to find. Properties also costs money to maintain, and there may be various expenses, such as agents’ fees and utility bills, which have to be paid.
 

Financial Warning

Whilst using borrowed money to invest can magnify returns if property prices rise, you can lose your equity and still be left with the same loan if values fall. This can leave you in a very precarious financial position, from which it may be difficult to recover from.

To ensure the greatest chance of financial success, it is also vital to choose the right buy-to-let mortgage. This is more complicated than simply comparing interest rates, however. It is important to consider additional charges, for example, and assess whether what you are getting is worth the price or whether you would be better off opting for a higher rate and no charges.

 

Changes to Tax Rules

Get professional advice if you are in doubt about the type of product you should choose, and ensure that you understand the tax rules in today’s changing climate. It is more important than ever to ensure that you are making the most of the opportunities to claim money back and that you understand your obligations and entitlements.

The 2015 Summer Budget included plans to reduce tax relief on buy-to-let mortgage interest by preventing landlords from deducting all interest when working out profits, but what would this mean for you?

 

How the Changes Will Work

It was announced that mortgage interest tax relief would be gradually cut back to a level of 20 per cent between April next year and 2020. The tax liability for basic-rate taxpayers won’t be changed, however, although new profit calculations may mean they are pushed up to a higher band.

Between next year and 2018, the deduction from income will be capped at 75 per cent of mortgage costs, and the last quarter will be available as a reduction to the basic rate of tax. This will go down to 50/50 between income deduction and tax reduction between 2018 and 2019, and 25 per cent and 75 per cent the following year. By 2020 to 2021, all of the financing costs faced by the landlord will be offered as a tax reduction.




Disclaimer: TheMoneyDaily’s service is not intended to be, nor should it be construed as financial advice. We help our readers make informed decisions and can introduce you to comparison services and provide impartial information and guides. Where appropriate, we may introduce FCA authorised partners who can provide services relating to financial products.