Get The Best Buy-To-Let Mortgage Rates

Securing the best buy-to-let mortgage rates can have a big impact on the profitability of your portfolio. We have access to live rates from across the UK market. You can compare deals easily with our industry-first comparison tool, use our buy-to-let calculator to model your investment returns, or speak to our team and let us search the market for you. We have advisors specialising in buy-to-let mortgages who can clearly explain the options available to you.

We’re here to help, whether you’re new to property investing or looking to discuss your established portfolio. Below you can view a table with some live deals from across the market. Head over to our buy-to-let mortgages page to learn more about how we can help you secure the best deal.

Best Buy-To-Let Mortgage Rates Today

The table below shows a selection of the best buy-to-let mortgage rates available today from various lenders. The best buy-to-let mortgage rate currently available is 3.29% from the 41 lenders offering this type of mortgage. This assumes a repayment mortgage.

Best Interest-Only Buy-To-Let Mortgage Rates Today

The table below shows a selection of the best interest-only buy-to-let mortgage rates available today from various lenders. The interest-only best buy-to-let mortgage rate currently available is 3.29% from the 41 lenders offering this type of mortgage.

Best Interest-Only Buy-To-Let Remortgage Rates Today

The table below shows a selection of the best interest-only buy-to-let remortgage rates available today from various lenders. The interest-only best buy-to-let remortgage rate currently available is 3.29% from the 46 lenders offering this type of mortgage.

The rates quoted above are subject to change at any time at the lender’s discretion. The best way to keep track of the rates available at any given time is to speak to a mortgage broker.

How to get the best buy-to-let mortgage rates

To secure the best buy-to-let mortgage rates, it’s important to improve your credit score, put down a larger deposit to reduce your loan-to-value ratio, and clearly demonstrate that the rental income will cover the payments.

Rates are often lower on two-year fixes compared to five-year deals, and repayment mortgages can sometimes be priced more competitively than interest-only, although the latter keeps monthly payments lower.

How can a mortgage advisor help?

Working with a mortgage advisor can make it much easier to find the best deal for your circumstances. Advisors search the market for you and often have access to lenders that aren’t available directly. More importantly, they can help you weigh up short-term rate savings against the bigger picture.

For example, an interest-only mortgage might mean lower monthly payments, but you aren’t reducing the loan balance. At the same time, a two-year fix may offer a cheaper initial rate but could lead to extra remortgaging costs compared to a five-year deal. An advisor can explain these trade-offs clearly and help you choose the option that works best for your long-term plans.

Compare Buy-To-Let Rates With Our Calculator

If you’d like to determine how much your monthly mortgage repayments will be at a specific interest rate, enter the property details into the calculator below. You can increase or decrease the rate to show how that will impact the cost.

Typical interest rates for buy-to-let mortgages

The rate you could secure will depend on factors including the property value, the size of your deposit or loan-to-value (LTV), and the type of buy-to-let mortgage you want (personal or business).

It also depends on the type of mortgage you’ve chosen ( fixed or variable rate). One option is a tracker mortgage. As the name suggests, your rate can go up and down with a variable-rate mortgage, usually if the Bank of England base rate changes.

The alternative is a fixed-rate mortgage where your rate stays the same for an agreed period (e.g. five years). The rates can start slightly higher to protect the lender in case the Bank of England base rate spikes.

Why are buy-to-let mortgages more expensive?

Buy-to-let mortgages typically have higher interest rates than conventional residential mortgages as they’re generally perceived to represent a slightly higher risk for the lender. This is because of differences in eligibility criteria, which centre on rental income rather than employment income. Rental income is deemed, potentially, to be more volatile.

How loan-to-value affects your rate

As with any mortgage, having a larger deposit will usually help you to get a lower mortgage rate. Lenders usually require a larger deposit for a buy-to-let mortgage than a residential one. So, you’ll find plenty of deals if you have a 40-50% deposit, fewer if you have 20-30%, and none, currently, with a smaller deposit of 10%.

Repayment vs interest-only

Most mainstream lenders – including those featured in the rates table above – will quote the same interest rate regardless of whether you opt for interest-only or capital and interest as a repayment method for your buy-to-let mortgage.

Of the two choices, interest-only tends to be the more popular choice for buy-to-let investors as the payments will be lower – because they only include the interest element – and the property is usually used as the repayment vehicle to repay the original capital owed at the end of the term.

How to compare rates and deals

You can’t compare mortgage deals by looking solely at the advertised rate. The best – smartest – way to thoroughly assess all of the best interest rates is to seek the help of a buy-to-let mortgage broker.

They’ll be able to help you with:

• Identifying the right lenders who are offering the best interest rate deals currently available for buy-to-let mortgages
• Deciding what type of rate would best suit your circumstances
• Looking more closely at each deal, what fees are attached and whether you can pay this upfront or add it to your mortgage
• Preparing your application with all the necessary information and documentary evidence gives you the best chance of success – first time!

If you get in touch, we can arrange for a buy-to-let broker we work with to contact you and discuss your requirements in more detail.

Rates for HMO properties

Only around half of buy-to-let mortgage providers will lend against houses in multiple occupation (HMOs). Our table below provides a snapshot of the deals currently available, but please note that these are subject to change.

Please note that the above rates were accurate at the time of writing, but are always subject to change at the lender’s discretion. Speaking to a mortgage broker is the best way to find the most up-to-date deals.

Why use Online Mortgage Advisor?

Now, you know some of the best available buy-to-let mortgage rates at the time of writing, but unfortunately, we can’t tell you which of these you would qualify for. Each lender has their eligibility criteria, including whether they’ll lend to first-time landlords, what property types they’ll lend against, and whether that includes HMOs.

So, to find the best rate for someone in your circumstances, it’s best to discuss your situation with a mortgage broker specialising in buy-to-let. Our expert team is ready to help, just call 0330 818 7026 or contact us online.