Mortgages for Experienced Landlords
Best BTL Mortgage Rates
Mortgages for Experienced Landlords
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- 3.35% Initial
- 2 year fixed
- 7.2% APRC
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- 3.39% Initial
- 2 year fixed
- 7.9% APRC
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- 3.40% Initial
- 2 year fixed
- 7.3% APRC
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- 3.45% Initial
- 2 year fixed
- 7.3% APRC
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- 3.49% Initial
- 1 year fixed
- 8.8% APRC
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- 3.50% Initial
- 2 year fixed
- 7.3% APRC
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- 3.54% Initial
- 2 year fixed
- 9.6% APRC
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- 3.55% Initial
- 2 year fixed
- 7.3% APRC
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- 3.59% Initial
- 2 year fixed
- 8.3% APRC
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- 3.59% Initial
- 2 year fixed
- 9.7% APRC
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Mortgages For Experienced Landlords
Landlords with experience: Mortgages
You may be wondering if there are any mortgages for experienced landlords available if you own or have previously owned buy-to-let properties. When it comes to buy-to-let properties, arranging the right finance is crucial, so you may want to shop around for the best deal.
Landlords with experience
An experienced landlord is generally defined as: Someone who owns a buy-to-let that has been rented out for at least six months on an Assured Shorthold Tenancy.
An applicant applying for a buy to let mortgage may also be classified as a first-time buyer (someone who has never owned a property before) or a first-time landlord (someone who owns a residential property but has never owned a buy-to-let before).
There are specialised buy to let mortgages available to experienced landlords or buy to let products with higher Loan-to-Value (LTV) ratios available to experienced landlords. This is because lenders perceive experienced landlords to be less likely to default on their mortgage than first-time buy to let borrowers.
Portfolios of mortgages
There are a number of lenders who offer specialist portfolio mortgages for buy-to-let properties. With these products, landlords can consolidate any existing buy-to-let mortgages into one portfolio mortgage. Despite containing multiple properties, these products contain a variety of different interest rates, while being treated as a single account, so there is only one Direct Debit Mandate and mortgage statement.
Landlords can use these products to spread equity across their portfolio; however, they may not be right for everyone and should be carefully considered.
Adviser on mortgages
In spite of the fact that experienced landlords may have been through the buy to let mortgage application process numerous times before, they may still benefit from the advice of an independent mortgage adviser, who can offer impartial advice. A whole of market adviser can also search across different providers to find the right products for their clients using their expertise in mortgages. Furthermore, certain individuals may benefit from specialist mortgages that can only be accessed through an intermediary.
To investigate your landlord finance options call our broker team or fill in our call back form - speak to our independent mortgage broker team who will be able to offer impartial advice or you can call us on 0117 403 3464