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BTL 75%LTV Direct Deals

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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! 

Comments

  • K_S
    K_S Posts: 6,877 Forumite
    1,000 Posts Fourth Anniversary Photogenic Name Dropper
    edited 9 February 2021 at 12:49PM
    @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.

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Majority of lenders operate through brokers for BTL lending.  Hence why you are struggling to find the products. 
  • IAMIAM
    IAMIAM Posts: 1,334 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    edited 9 February 2021 at 4:13PM
    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.
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