Best Buy-to-Let Remortgage Rates Compared

Whether you’re remortgaging a buy-to-let property because your fixed deal is ending or just to take advantage of a better rate, exploring all your options before committing is the only way to ensure you get the best deal.

Look at our rates table below to get an idea of the buy-to-let remortgage deals currently available…

*All of the rates and terms above are purely for example purposes, were correct at the time of writing and are subject to change at any time at the lender’s discretion*

How to compare buy-to-let remortgage rates

With hundreds of lenders and countless products to sort through when comparing buy-to-let remortgage rates, just getting your list down to those you are eligible for is a mammoth task in itself.

Online rates tables can’t help with this as they aren’t bespoke to you, nor are they whole-of-market.

Using our broker-matching service to find a buy-to-let mortgage specialist is a better bet because…

• You will gain access to more rates, including broker-exclusive deals
• The rates and deals recommended will be bespoke to you
• Your broker will help you secure the best buy-to-let remortgage deal
• They will guide you through every step of the application process

To get matched with a buy-to-let remortgage specialist, get in touch.

What is a typical rate for a buy-to-let remortgage?

The table at the top of this article provides a good illustration of current rates. However, it’s important to remember that lenders consider several factors when determining the best rate they can offer.

These include:

• Loan-to-value
• Expected rental income
• Any other income
• Your landlord experience
• Credit files

Buy-to-let mortgage rates are usually slightly higher than those for standard residential mortgages. This is because lenders see them as higher risk. However, with a strong application and solid business plan, competitive rates are available for landlords.

For full details of eligibility criteria, read our guide to buy-to-let mortgages.

How the LTV influences your interest rate

Loan-to-value is the amount you borrow reflected as a percentage of the property’s value. So, for example, if you borrow £100,000 on a £200,000 property, your LTV is 50%. This is a key element of your application and can heavily influence the deal you’re offered. Different mortgage rates will apply for different LTV bands.

Lenders are wary of buy-to-let mortgages because of the risk of the property being vacant for a period of time. This concern is reflected in the rates offered. Sometimes, when remortgaging a buy-to-let, your situation has improved, and you can borrow more money at a lower rate.

If the value of your property has gone up significantly since you took out your previous mortgage, you may have moved into a lower LTV band and have a wider choice of lenders than before. And this can result in lower rates.

Why use Online Mortgage Advisor for your buy-to-let remortgage?

Trying to assess every possible deal while also predicting future rate changes is putting many landlords in a tricky position. That’s why expert help has never been more important.

An experienced buy-to-let remortgage advisor will take the pragmatic view that borrowers sometimes find difficult. Taking emotion out of the decision, they will simply present facts and data to help you pick the best deal.

Our broker matching service will assess your situation and match you with a mortgage broker who has a track record of helping people like you secure the best rate on a buy-to-let remortgage.

To speak to an expert, call 0330 818 7026 or make an online enquiry.