The single best saving landlords can make

We look at some of the top buy-to-let mortgages for new and existing landlords.

The best single saving landlords can make

Looking for a buy-to-let mortgage? There are some great deals out there – provided you know where to look.

Here, we examine some of the top fixed-rate and tracker buy-to-let mortgage deals currently available to landlords.

Best two-year fixed rate buy-to-let mortgages

First, let's look at the two-year fixed rate mortgages.

These are the lowest rates on the loveMONEY mortgage comparison service, but you'll usually pay the price for a cheap rate in the form of a big fee.

Lender

LTV

Interest rate

Mortgage fee

Platform (Intermediary)

60%

1.39%

£1,999

Coventry BS

65%

1.59%

£1,999

Platform (Intermediary)

70%

1.84%

£1,999

Platform (Intermediary)

75%

1.89%

£1,999

Mortgage Trust

80%

2.99%

1% of amount borrowed (£1,600 on £160,000 mortgage)

Compare two-year fixed-rate buy-to-let mortgages here

As you can see, there are some massive fees there. So we've found the best two-year fixed rate mortgages with fees under £500 on a property worth £200,000.

Lender

LTV

Interest rate

Mortgage fee

BM Solutions

60%

2.14%

£349

Platform (Intermediary)

65%

2.29%

£0

Platform (Intermediary)

70%

2.44%

£0

Platform (Intermediary)

75%

2.44%

£0

Aldermore

80%

4.78%

£0


Best five-year fixed rate buy-to-let mortgages

If you want to go for a longer-term fixed rate deal, then you may prefer a five-year fixed rate deal.

While you enjoy that security for longer, you may have to pay a premium in terms of a higher rate. You also have significant Early Repayment Charges to consider should you wish to leave the deal early.

Here are the lowest rate deals around with charges based on a property worth £200,000.

Lender

LTV

Interest rate

Fee

BM Solutions

60%

2.24%

£1,995

The Coventry for Intermediaries

65%

2.39%

£1,999

Post Office Money

70%

2.78%

£995

HSBC

75%

2.79%

£1,999

Kent Reliance for Intermediaries

80%

4.39%

2% of amount borrowed (£3,200 on £160,000 mortgage)

Compare five-year fixed-rate buy-to-let mortgages here

And now let's look at the best deals with fees under £500 on a property worth £200,000.

Lender

LTV

Interest rate

Fee

BM Solutions

60%

2.64%

£0

HSBC

65%

2.84%

£349

Leeds Building Society

70%

3.109%

£199

State Bank of India UK

75%

3.00%

£0

Compare five-year fixed-rate buy-to-let mortgages on here

The best 10-year fixed rate buy-to-let mortgages

Some providers will allow you to fix your buy-to-let mortgage for up to 10 years.

Again while you get security for longer, you usually have to pay a premium in terms of a higher rate. You also have significant Early Repayment Charges to consider should you wish to leave the deal early.

There are fewer long lasting fixed rate deals like this on the market. But here are the lowest rates around with charges based on a property worth £200,000.

Lender

LTV

Interest rate

Fee

The Coventry for Intermediaries

65%

2.95%

£1,999

Barclays Mortgages

75%

3.49%

£1,950

Precise Mortgages

80%

4.99%

1.5% of the amount borrowed (£2,400 on a £160,000 loan)

Tracker buy-to-let mortgages

With a tracker mortgage your monthly repayments may go up or down, usually depending on what's happening with the Bank of England Base Rate.

However, some lenders track other rates – often their own "base rate" or another variable rate such as London Interbank Offered Rate (LIBOR).

Most trackers are for two years, but there a handful of products available for the entire term of the mortgage.

Best two-year buy-to-let tracker mortgages

Here are the best two-year tracker rates right now.

LenderLTVInterest rateFee
Platform (Intermediary)60%1.49% (0.99% + BoE Base Rate (capped at 0.5%))£1,999
The Mortgage Works65%1.59% (1.34% + BoE Base Rate)2% of amount borrowed (£2,600 based on £130,000 loan)
Platform (Intermediary)70%1.89% (1.39% + BoE Base Rate (capped at 0.5%))£1,999
TSB (Intermediary)75%1.89% (1.64% + BoE Base Rate)£1,995


Compare buy-to-let mortgages here

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