The following are the best buy to let deals that are available in August 2012 based on research from a whole of market offering. The rates do not reflect the lenders criteria and this would need to be checked with your mortgage broker to ensure that these rates would be appropriate for you.

The following rates have assumed a £150k mortgage on a £300k property on a 20 year interest only mortgage. The deals have been chosen based on the overall cost of the specified mortgage deal over the incentive period which takes into account the interest rates charged and any associated fees.

2 Year Fixed Rate

  • 2 year fixed rate of 3.75%
  • The above rate reverts to the lenders SVR, currently 4.74%.
  • £469 per month over 20 years
  • £250 Lender booking fee – payable at application
  • FREE  Lender valuation fee
  • £1249 Lender arrangement fee – can be added to the mortgage

3 Year Fixed Rate

  • 3 year fixed rate of 3.99%
  • The above rate reverts to the lenders SVR, currently 4.99%.
  • £499 per month over 20 years
  • £99 Lender booking fee – payable at application
  • FREE  Lender valuation fee
  • £900 Lender arrangement fee – can be added to the mortgage

5 Year Fixed Rate

  • 5 year fixed rate of 4.59%
  • The above rate reverts to the lenders SVR, currently 4.79%.
  • £573 per month over 20 years
  • £99 Lender booking fee – payable at application
  • £275  Lender valuation fee  – payable at application
  • £1995 Lender arrangement fee – can be added to the mortgage

2 Year Tracker Rate

  • 2 year tracker rate of 2.44% over the Bank Base Rate (currently 0.5%)
  • The above rate reverts to the lenders SVR, currently 4.99%.
  • £367 per month over 20 years
  • ZERO Lender booking fee – payable at application
  • £490 Lender valuation fee – payable at application
  • £5250 Lender Arrangement fee – can be added to the mortgage

Lifetime Tracker Rate

  • Lifetime tracker rate of 3.39% over the Bank Base Rate (currently 0.5%)
  • £486 per month over 20 years
  • ZERO Lender booking fee – payable at application
  • £380 Lender valuation fee – payable at application
  • £1999 Lender Arrangement fee – can be added to the mortgage

Don’t hesitate to contact one of our dedicated consultants today, we’re here to help whatever your circumstances. Fill in our online mortgage enquiry form today and we will be in contact with you.

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