The financing of an investment property is an important consideration for every landlord.

Whether you are looking at buying to add to your portfolio, or refinancing an existing property, it is crucial to source the right deal.

Each Mortgage Company will have different lending criteria depending on the property and your individual circumstances. Getting the right advice will mean that you find the best overall rate you are eligible for.

We have linked up with Lucra Mortgages who can offer landlords free advice and access to thousands of products.

Lucra Mortgages have put together this months best buy deals for buy to let mortgages.

Lender

Type

Initial Rate

Initial Payment

Reverting Rate

Total Fees

2 Year Total Cost

APRC

2 Year Fixed

1.71%

£768.52

5.50%

£229

£18,673

4.80%

2 Year Fixed

1.94%

£789.26

4.60%

£17

£18,959

4.20%

2 Year Fixed

1.84%

£780.20

3.35%

£260

£18,985

3.80%

2 Year Fixed

1.62%

£760.50

5.59%

£1233*

£18,985

4.80%

2 Year Fixed

1.64%

£762.28

4.54%

£1,239*

£19,034

4.30%

*deals include £500 cashback upon completion

This table is based on a Buy To Let purchase of £250,000 and a mortgage secured against that property of £187,500 (assuming no fees added). This is calculated on a capital & repayment basis (repayment mortgage) over a term of 25 years (300 monthly payments).

Source: Twenty7Tec. This information was last revised on 09 Nov 2021

Disclaimer: This information does not contain all the details you need to choose a mortgage and assumes you meet the lenders qualifying criteria. Interest rates can fluctuate, and this could affect the amount payable by yourself

If you are about to buy a new property or are at the end or nearing the end of your current mortgage product then get in touch with Ben, Neil or Darren today.

Mortgages Stuarts Residential

Ben Tadd

Mortgages Stuarts Residential

Neil Catley

Mortgages Stuarts Residential

Darren Sharpe

Buying a new property or nearing the end of your current mortgage?

Get in touch today to speak to our team of mortgage experts.

Stuarts Residential Ltd is an introducer for Lucra Mortgages Limited who are an Appointed Representative of PRIMIS Mortgage Network, a trading name of Advance Mortgage Funding Limited which is authorised and regulated by the Financial Conduct Authority.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

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