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Mortgages for Investment Properties

Best Mortgage Rates

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Mortgages for Investment Properties

    • 4.07% Initial
    • 5 year fixed
    • 6.6% APRC
    • Cashback Max £250
      Free Legals
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    • 4.10% Initial
    • 5 year fixed
    • 6% APRC
    • Cashback £0
      Free Legals
      Free Valuation
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    • 4.14% Initial
    • 5 year fixed
    • 6.3% APRC
    • Cashback £0
      Free Legals
      Free Valuation
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    • 4.17% Initial
    • 5 year fixed
    • 6.4% APRC
    • Cashback £0
      Free Legals
      Free Valuation
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    • 4.17% Initial
    • 2 year fixed
    • 6.7% APRC
    • Cashback £0
      Free Legals
      Free Valuation
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    • 4.18% Initial
    • 5 year fixed
    • 6.7% APRC
    • Cashback Max £250
      Free Legals
      Free Valuation
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    • 4.18% Initial
    • 5 year fixed
    • 6.7% APRC
    • Cashback Max £250
      Free Legals
      Free Valuation
    • Get quotes
    • 4.19% Initial
    • 5 year fixed
    • 6% APRC
    • Cashback Max £1,250
      Free Legals
      Free Valuation
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    • 4.19% Initial
    • 2 year fixed
    • 8% APRC
    • Cashback £0
      Free Legals
      Free Valuation
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    • 4.20% Initial
    • 5 year fixed
    • 6% APRC
    • Cashback £0
      Free Legals
      Free Valuation
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Representative example based on a fixed rate mortgage

A mortgage of £375,000 payable over 20 years initially on a fixed rate for 5 years at 4.38% and then at the standard variable rate of 7.65% for the remaining 15 years would require 60 monthly payments of £2,351.88 and then 180 monthly payments of £2,899.55.

The total amount payable would be £663,156.80 which includes interest and product fees of £1,124.

The overall cost for comparison is 6.5% APRC representative.

Early repayment charges may apply.

Mortgages for Investment Properties

Mortgages for investment properties: Compare them

 Depending on how you plan to use the property, the type of mortgage you need will depend on how you plan to purchase it as an investment. Investing in properties can be used for a variety of purposes, such as:

  • Renting out property to residential or commercial tenants.
  • Holiday rentals.
  • Personal use only.

Can you tell me what type of mortgage I need for my investment property?

 Depending on your usage, you will require a different type of mortgage. A standard residential mortgage should be sufficient if you plan to use the investment property for personal residence or occasional use only. The property will require a specialist mortgage and adequate insurance if you plan to rent it out as a holiday let, even occasionally.

 An investment property for long-term rental requires a specialist buy-to-let mortgage that will be calculated based on your expected rental income as well as other affordability considerations.

Investment property mortgages for buy-to-let

 In the case of a buy-to-let investment property, you should expect to pay a higher minimum deposit (usually at least 20%) and to expect lower loan-to-value (LTV) mortgage deals. In contrast to residential mortgages with LTVs over 85%, buy-to-let mortgages for investment properties typically have an LTV between 60-75%. You will also need to factor in higher interest rates and arrangement fees when considering a buy to let mortgage for an investment property.

 The mortgage lender will want to know in advance how much rent you plan to charge for the property, in order to determine affordability on a buy to let mortgage.

 To qualify for a mortgage, you must demonstrate that the rental income on the property you want to buy is at least 125% of the monthly mortgage payment.

 

To investigate your 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

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