Buy to let mortgages

Prestwickboy2

Hi there does anyone know what the best fixed rate buy to let mortgage is without fees.
thanks 

[Deleted User]

Prestwickboy2 said:

Hi there does anyone know what the best fixed rate buy to let mortgage is without fees.
thanks 

How are you defining best?  Lowest rate?  Quickest turnaround?  What LTV? Minimum rental income as a factor of rental payment? Affordability?  Any number of other factors that come into play when choosing a mortgage....

Prestwickboy2

Hi there it was just the best deal . I owe £34000, the house value is £85,000, I have 13 years left on mortgage.
thanks for your help 

Thrugelmir

Majority of BTL mortgages are now only obtainable through a mortgage broker. Make some enquiries. 

dimbo61

Have you check what deal your current mortgage reverts too at the end of the fix or check what deals they have for existing customers ?
You only have £34,000 left on your BTL mortgage so moving lenders might not be worth it.

Prestwickboy2

Hi reverts to 3.24 percent . Think there will be better deals. 

Thanks 

[Deleted User]

If all you're interested in is the rate and product fee then you could just use a comparison site.

https://www.moneysupermarket.com/mortgages/buy-to-let/  (There are others available)

ACG

I dont want the answers to these questions, but your question is too vague.
How long do you want to tie in for? 2/3/5/10 years? (typically the longer the tie in the higher the rate).
Do you want a fixed/variable/tracker product?
Do you want cashback or free valuation and legals? 

There is more to it than just finding the cheapest rate. The cheapest rate might be a 2 year variable rate but if rates rise in those 2 years then it may cost more. To be fair, on a £35k mortgage, slight differences in rates is unlikely to make a massive difference one way or the other, but you need to be talking through what you actually want or at least thinking about it a little more than just the lowest rate with no fees. 

We did a mortgage (admittedly a residential one) earlier in the year which had a £499 fee but came with £1250 cashback and a free valuation.