We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
The MSE Forum Team would like to wish you all a Merry Christmas. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!
BTL 75%LTV Direct Deals
Victoria17
Posts: 35 Forumite
Hello,
I need to remortgage my property to a BTL 75LTV mortgage. If possible 5 year initial fixed period. I've been in touch with a few independent mortgage advisors and I'm waiting for their recommendations. A couple have come back quoting 2% interest rate. I was hoping for a little less. So I've been looking for direct deals online but every time I find an attractive rate on a comparison website, I then go to the bank's own website and can't find that rate. It's frustrating. Any advice on how and where to find the best deal at the moment? Below 2%? Or is it better to stick with a broker for a BTL product? Thank you!
I need to remortgage my property to a BTL 75LTV mortgage. If possible 5 year initial fixed period. I've been in touch with a few independent mortgage advisors and I'm waiting for their recommendations. A couple have come back quoting 2% interest rate. I was hoping for a little less. So I've been looking for direct deals online but every time I find an attractive rate on a comparison website, I then go to the bank's own website and can't find that rate. It's frustrating. Any advice on how and where to find the best deal at the moment? Below 2%? Or is it better to stick with a broker for a BTL product? Thank you!
0
Comments
-
@Victoria17 Are you comparing like for like, taking into account fees? For example, I can tell you that TMW offers a 1.59% product at 75% LTV 2 year fix but the rate by itself is meaningless as this product comes with lender fee of £3,390.For BTL products, I can't think of any reason why you would be able to get a better deal direct than from a whole of market broker.
I am a Mortgage Adviser - You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.
1 -
Majority of lenders operate through brokers for BTL lending. Hence why you are struggling to find the products.1
-
I think the best search engine for all products is moneysupermarket, seems to renew products more quickly than the MSE ones and can really see a whole of market for every type of product.1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.9K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.7K Spending & Discounts
- 246K Work, Benefits & Business
- 602.1K Mortgages, Homes & Bills
- 177.8K Life & Family
- 259.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards