Compare buy to let mortgages

The right buy to let mortgage could save you money on fees and interest each month and help your rental income go further.

Get free mortgage advice from an expert broker

782 results found, sorted by lowest initial rate. How we order our comparisons. Commission earned affects the table's sort order.
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Initial rate type


HSBC 2 year fixed remortgage
Maximum LTV
60%
Initial rate
1.14% fixed until 31 Jan 2024
Subsequent rate (SVR)
4.6% variable
Overall cost for comparison
4.3% APRC
More information
Application feeNo fee
Arrangement feeNo fee
Booking fee£1,999 with an option to add to the loan
Completion feeNo fee
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of amount paid, in the first year

- then 1.00% of amount paid, until 31 Jan 2024

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Minimum Income£25,000
Permanent UK Resident
Remortgage Available
Remortgage Only
Self Employed Accepted
HSBC 2 year fixed remortgage
Maximum LTV
65%
Initial rate
1.14% fixed until 31 Jan 2024
Subsequent rate (SVR)
4.6% variable
Overall cost for comparison
4.3% APRC
More information
Application feeNo fee
Arrangement feeNo fee
Booking fee£1,999 with an option to add to the loan
Completion feeNo fee
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of amount paid, in the first year

- then 1.00% of amount paid, until 31 Jan 2024

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Minimum Income£25,000
Permanent UK Resident
Remortgage Available
Remortgage Only
Self Employed Accepted
Barclays 2 year fixed cashback remortgage
Maximum LTV
60%
Initial rate
1.16% fixed until 30 Nov 2023
Subsequent rate (SVR)
4.59% base rate tracker
Overall cost for comparison
4.1% APRC
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£1,795 with an option to add to the loan
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of amount paid, before 30 Nov 2023

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Minimum Income£25,000
Permanent UK Resident
Remortgage Available
Remortgage Only
Self Employed Accepted
Barclays 2 year fixed remortgage
Maximum LTV
60%
Initial rate
1.16% fixed until 30 Nov 2023
Subsequent rate (SVR)
4.59% base rate tracker
Overall cost for comparison
4.1% APRC
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£1,795 with an option to add to the loan
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of amount paid, before 30 Nov 2023

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Minimum Income£25,000
Permanent UK Resident
Remortgage Available
Remortgage Only
Self Employed Accepted
HSBC 2 year fixed
Maximum LTV
65%
Initial rate
1.19% fixed until 31 Jan 2024
Subsequent rate (SVR)
4.6% variable
Overall cost for comparison
4.3% APRC
More information
Application feeNo fee
Arrangement feeNo fee
Booking fee£1,999 with an option to add to the loan
Completion feeNo fee
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of amount paid, in the first year

- then 1.00% of amount paid, until 31 Jan 2024

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Minimum Income£25,000
Permanent UK Resident
Self Employed Accepted
HSBC 2 year fixed
Maximum LTV
60%
Initial rate
1.19% fixed until 31 Jan 2024
Subsequent rate (SVR)
4.6% variable
Overall cost for comparison
4.3% APRC
More information
Application feeNo fee
Arrangement feeNo fee
Booking fee£1,999 with an option to add to the loan
Completion feeNo fee
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of amount paid, in the first year

- then 1.00% of amount paid, until 31 Jan 2024

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Minimum Income£25,000
Permanent UK Resident
Self Employed Accepted
Leeds Building Society 2 year fixed
Maximum LTV
60%
Initial rate
1.27% fixed until 31 Jan 2024
Subsequent rate (SVR)
5.59% variable
Overall cost for comparison
4.7% APRC
The initial rate will be followed by a rate of 4.59% until 31 Jan 2027 (1% discount on SVR).
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£999 with an option to add to the loan
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 3.00% of amount paid, before 31 Jan 2023

- then 2.00% of amount paid, until 31 Jan 2024

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Permanent UK Resident
Remortgage Available
Self Employed Accepted
Virgin Money 2 year fixed cashback mortgage
Maximum LTV
60%
Initial rate
1.33% fixed until 01 Feb 2024
Subsequent rate (SVR)
4.54% variable
Overall cost for comparison
4.3% APRC
Available via telephone only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£1,995 with an option to add to the loan
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 1.50% of the outstanding balance, before 01 Feb 2024

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Minimum Income£25,000
Permanent UK Resident
Self Employed Accepted
Virgin Money 2 year fixed cashback remortgage
Maximum LTV
60%
Initial rate
1.33% fixed until 01 Feb 2024
Subsequent rate (SVR)
4.54% variable
Overall cost for comparison
4.2% APRC
Available via telephone only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£1,995 with an option to add to the loan
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 1.50% of the outstanding balance, before 01 Feb 2024

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Minimum Income£25,000
Permanent UK Resident
Remortgage Available
Remortgage Only
Self Employed Accepted
Virgin Money 2 year fixed remortgage
Maximum LTV
60%
Initial rate
1.33% fixed until 01 Feb 2024
Subsequent rate (SVR)
4.54% variable
Overall cost for comparison
4.3% APRC
Available via telephone only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£1,995 with an option to add to the loan
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 1.50% of the outstanding balance, before 01 Feb 2024

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Minimum Income£25,000
Permanent UK Resident
Remortgage Available
Remortgage Only
Self Employed Accepted
HSBC 2 year fixed
Maximum LTV
75%
Initial rate
1.34% fixed until 31 Jan 2024
Subsequent rate (SVR)
4.6% variable
Overall cost for comparison
4.3% APRC
More information
Application feeNo fee
Arrangement feeNo fee
Booking fee£1,999 with an option to add to the loan
Completion feeNo fee
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of amount paid, in the first year

- then 1.00% of amount paid, until 31 Jan 2024

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Minimum Income£25,000
Permanent UK Resident
Self Employed Accepted
HSBC 2 year fixed remortgage
Maximum LTV
75%
Initial rate
1.34% fixed until 31 Jan 2024
Subsequent rate (SVR)
4.6% variable
Overall cost for comparison
4.3% APRC
More information
Application feeNo fee
Arrangement feeNo fee
Booking fee£1,999 with an option to add to the loan
Completion feeNo fee
Product feeNo fee
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of amount paid, in the first year

- then 1.00% of amount paid, until 31 Jan 2024

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Minimum Income£25,000
Permanent UK Resident
Remortgage Available
Remortgage Only
Self Employed Accepted
TSB 2 year fixed remortgage
Maximum LTV
60%
Initial rate
1.34% fixed until 31 Dec 2023
Subsequent rate (SVR)
4.44% variable
Overall cost for comparison
4.0% APRC
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£995 with an option to add to the loan
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.00% of amount paid, before 31 Dec 2022

- then 1.00% of amount paid, until 31 Dec 2023

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Scotland
Available in Wales
Minimum Income£35,000
Permanent UK Resident
Remortgage Available
Remortgage Only
Self Employed Accepted
Virgin Money 3 year fixed cashback mortgage
Maximum LTV
60%
Initial rate
1.34% fixed until 01 Feb 2025
Subsequent rate (SVR)
4.54% variable
Overall cost for comparison
4.1% APRC
Available via telephone only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£1,995 with an option to add to the loan
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.50% of the outstanding balance, before 01 Feb 2025

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Minimum Income£25,000
Permanent UK Resident
Self Employed Accepted
Virgin Money 3 year fixed cashback remortgage
Maximum LTV
60%
Initial rate
1.34% fixed until 01 Feb 2025
Subsequent rate (SVR)
4.54% variable
Overall cost for comparison
4.1% APRC
Available via telephone only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£1,995 with an option to add to the loan
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.50% of the outstanding balance, before 01 Feb 2025

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Minimum Income£25,000
Permanent UK Resident
Remortgage Available
Remortgage Only
Self Employed Accepted
Virgin Money 3 year fixed remortgage
Maximum LTV
60%
Initial rate
1.34% fixed until 01 Feb 2025
Subsequent rate (SVR)
4.54% variable
Overall cost for comparison
4.1% APRC
Available via telephone only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£1,995 with an option to add to the loan
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.50% of the outstanding balance, before 01 Feb 2025

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Minimum Income£25,000
Permanent UK Resident
Remortgage Available
Remortgage Only
Self Employed Accepted
Virgin Money 2 year fixed cashback mortgage
Maximum LTV
75%
Initial rate
1.35% fixed until 01 Feb 2024
Subsequent rate (SVR)
4.54% variable
Overall cost for comparison
4.3% APRC
Available via telephone only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£1,995 with an option to add to the loan
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 1.50% of the outstanding balance, before 01 Feb 2024

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Minimum Income£25,000
Permanent UK Resident
Self Employed Accepted
Virgin Money 2 year fixed cashback remortgage
Maximum LTV
75%
Initial rate
1.35% fixed until 01 Feb 2024
Subsequent rate (SVR)
4.54% variable
Overall cost for comparison
4.3% APRC
Available via telephone only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£1,995 with an option to add to the loan
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 1.50% of the outstanding balance, before 01 Feb 2024

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Minimum Income£25,000
Permanent UK Resident
Remortgage Available
Remortgage Only
Self Employed Accepted
Virgin Money 2 year fixed remortgage
Maximum LTV
75%
Initial rate
1.35% fixed until 01 Feb 2024
Subsequent rate (SVR)
4.54% variable
Overall cost for comparison
4.3% APRC
Available via telephone only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£1,995 with an option to add to the loan
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 1.50% of the outstanding balance, before 01 Feb 2024

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Minimum Income£25,000
Permanent UK Resident
Remortgage Available
Remortgage Only
Self Employed Accepted
Virgin Money 3 year fixed cashback mortgage
Maximum LTV
75%
Initial rate
1.35% fixed until 01 Feb 2025
Subsequent rate (SVR)
4.54% variable
Overall cost for comparison
4.1% APRC
Available via telephone only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£1,995 with an option to add to the loan
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.50% of the outstanding balance, before 01 Feb 2025

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Minimum Income£25,000
Permanent UK Resident
Self Employed Accepted
Virgin Money 3 year fixed cashback remortgage
Maximum LTV
75%
Initial rate
1.35% fixed until 01 Feb 2025
Subsequent rate (SVR)
4.54% variable
Overall cost for comparison
4.1% APRC
Available via telephone only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£1,995 with an option to add to the loan
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.50% of the outstanding balance, before 01 Feb 2025

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Minimum Income£25,000
Permanent UK Resident
Remortgage Available
Remortgage Only
Self Employed Accepted
Virgin Money 3 year fixed remortgage
Maximum LTV
75%
Initial rate
1.35% fixed until 01 Feb 2025
Subsequent rate (SVR)
4.54% variable
Overall cost for comparison
4.1% APRC
Available via telephone only.
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£1,995 with an option to add to the loan
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 2.50% of the outstanding balance, before 01 Feb 2025

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Northern Ireland
Available in Scotland
Available in Wales
Minimum Income£25,000
Permanent UK Resident
Remortgage Available
Remortgage Only
Self Employed Accepted
NatWest 2 year fixed remortgage
Maximum LTV
60%
Initial rate
1.38% fixed until 29 Feb 2024
Subsequent rate (SVR)
4.09% variable
Overall cost for comparison
-
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£995 with an option to add to the loan
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 1.50% of amount paid, before 28 Feb 2023

- then 0.75% of amount paid, until 29 Feb 2024

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Scotland
Available in Wales
Permanent UK Resident
Remortgage Available
Remortgage Only
Self Employed Accepted
Royal Bank of Scotland 2 year fixed remortgage
Maximum LTV
60%
Initial rate
1.38% fixed until 29 Feb 2024
Subsequent rate (SVR)
3.59% variable
Overall cost for comparison
-
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£995 with an option to add to the loan
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 1.50% of amount paid, before 28 Feb 2023

- then 0.75% of amount paid, until 29 Feb 2024

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Scotland
Available in Wales
Permanent UK Resident
Remortgage Available
Remortgage Only
Self Employed Accepted
NatWest 2 year fixed
Maximum LTV
60%
Initial rate
1.39% fixed until 29 Feb 2024
Subsequent rate (SVR)
4.09% variable
Overall cost for comparison
-
More information
Application feeNo fee
Arrangement feeNo fee
Booking feeNo fee
Completion feeNo fee
Product fee£995 with an option to add to the loan
Additional information

Early repayment charge

If you pay all or part of your mortgage early you will be charged:

- 1.50% of amount paid, before 28 Feb 2023

- then 0.75% of amount paid, until 29 Feb 2024

Other fees may apply.

Eligibility
Available Direct
Available in England
Available in Scotland
Available in Wales
First Time Buyers
Permanent UK Resident
Self Employed Accepted

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Based on borrowing£170,000 over 25 yearsThe overall cost of comparison4.40% APRC representative
Initial rate2.14% fixed for 2 years (24 instalments of £719.73pm)Subsequent rate (SVR)4.71% variable for the remaining 25 years (300 instalments of £949.23pm)
Lender fee£1,001Total amount payable£280,261.75

What is a buy to let mortgage?

Put simply, a buy to let mortgage - or BTL mortgage - lets you borrow money to buy a house that you're going to invest in and rent out. It's sometimes known as a landlord mortgage too, and allows you to let your property to tenants, students or as a holiday home.

A buy to let mortgage or a mortgage for rental property is different from a residential mortgage that you'd take out for a home you're going to live in. The tax treatment is different too because lenders and the government see being a landlord like running a business.

How to choose a buy to let mortgage

There's a lot of choice in the buy to let mortgage market.

The deal you get and the buy to let mortgage rates you are offered will depend on how much deposit you've saved up, and how much you want to borrow. So if you want to buy to let, it's a good idea to start saving up for a deposit so you can get the best buy to let mortgage rates.

If you're looking for the best buy to let mortgage, don't just go for the headline rate. Check carefully to see whether you'll have to pay a fee to take the mortgage out. You'll probably need to remortgage in a few years, so check what charges are involved if you switch your buy to let mortgage or providers.

The cheapest buy to let deals will give you a low interest rate and low fees for taking the mortgage out - or they might even be fee-free. Plus, there'll be a low early repayment charge when you remortgage.

How to compare buy to let mortgages

If you want a buy to let mortgage, it’s worthwhile carrying out a buy to let mortgage comparison. This allows you to compare deals to find the best bet to let mortgage rates. You can compare buy to let mortgages using our comparison table above.

When you're looking at the buy to let mortgage comparison table, you'll see that each lender has different buy to let mortgage criteria.

One of the key things to look out for in buy to let mortgages is the maximum loan-to-value (LTV) rate. The LTV is the difference between the value of the property, and how much deposit you've saved up. If a lender says the maximum LTV they'll accept is 75%, that means you'll need a deposit of at least 25% of the property's value.

Find the best buy to let mortgage rates

Even the lowest buy to let mortgage rates tend to have higher interest rates than normal residential mortgages.

That's because there's more risk to the lender that you won't be able to make your mortgage repayments. This could happen if you can't find suitable tenants, the property's empty for longer than you planned, or your tenants stop paying rent. Because of this, buy to let mortgage rates aren't usually as good as residential mortgage deals.

Buy to let mortgages interest rates and fees for taking the mortgage out are often higher than residential mortgages. They usually need a higher deposit too - at least 25% of the property's value.

To get the best buy to let mortgage rates, you'll often need an even bigger deposit. This can be around 40%, meaning they have an LTV of 60%. So your buy to let deposit is very important and it's best to save up as much as you can to get the best buy to let mortgage deals.

Here's how buy to let mortgages work and how much they cost.

Where to find the best buy to let mortgage

The best buy to let mortgage is one that's right for your own personal circumstances. It should also give competitive BTL mortgage rates, have a low or no arrangement fee, and be flexible enough to let you switch at a later date.

If you're thinking of purchasing a buy to let property, you can compare buy to let mortgage deals with our comparison tables to find some of the best BTL mortgage rates.

Each lender in the buy to let mortgage comparison table is shown with:

  • the maximum buy to let mortgage LTV they'll accept

  • the initial rate that's on offer and the period it covers (for example, five years)

  • the lender's Standard Variable Rate (SVR) which is the interest rate you'll pay once the initial or fixed period ends

  • the Annual Percentage Rate of Change (APRC). This shows what your total mortgage costs would be, as a percentage, if you keep the mortgage for its full term.

By comparing your options, you'll be able to find the cheapest buy to let mortgage deals overall and obtain a buy to let mortgage quote.

Buy to let mortgage deposit: How much do I need?

When you're searching for the best buy to let mortgage, the lender will look at the size of the buy to let mortgage deposit you've saved up.

This is another area where buy to let mortgages differ from normal mortgages. When you're buying your own home to live in, lenders accept a much higher LTV rate. This could be as high as 95%. But the situation for buy to let LTV is quite different.

Most buy to let mortgages require a buy to let deposit of at least 25%, making the maximum LTV much lower at 75%. However, if you want to access the best buy to let mortgage rates, aim for a higher deposit than 25%.

What other differences are there between buy to let mortgages and residential mortgages?

A buy to let mortgage deposit needs to be much larger than a residential one. But there are other differences between BTL mortgages and residential mortgages.

Most residential mortgages are repayment mortgages. That means you pay off some of the loan and some interest each month. But it's rare to get a buy to let repayment mortgage. Most of the time, you will simply pay the buy to let mortgage interest each month. This is known as a buy to let interest only mortgage.

An interest only buy to let mortgage means you'll need to have a plan for how you'll pay off the outstanding amount of the loan at the end of the mortgage term.

Buy to let costs

 It can be more expensive to buy a rental property than a home to live in. You'll need to factor this into your overall buy to let costs. It's important to find the best BTL mortgage you can.

Buy to let mortgage rates and arrangement fees may be higher, and you'll also have to pay more stamp duty. Stamp duty is a tax you pay when you buy a property. You'll also have to pay the normal costs of conveyancing, including solicitors and surveyor's fees.

Stamp duty rules were temporarily changed in July 2020, where Stamp Duty is exempt for the first £500,000 of the value of your property. This means that if your property costs less than £500,000, you will not have to pay any Stamp Duty. These rules will be in place until June 30, 2021. From 1 July 2021 to 30 September 2021, the nil rate band will be £250,000 before returning to £125,000 on 1 October 2021.

Your lender will expect your rental payments to cover the interest on your buy to rent mortgage - and more. Bear this in mind when you do your initial buy to let mortgage calculations.

Learn more about the costs of buy to let mortgages.

Other buy to let costs

When you're working out the costs of a buy to let mortgage, as well as buy to let rates and fees, you'll also need to factor in:

  • any charges your letting agent will make

  • necessary repairs, renovations and inspections

  • regular testing of gas and electrical equipment to make sure it's safe

  • whether you plan to let the property furnished or unfurnished.

Buy to let tax and stamp duty

The way landlords are taxed has changed a lot in recent years. New taxes on buy to let landlords are being phased in.

 Before, you could offset your mortgage interest costs and other costs against the buy to let rental income you received. But you can't do this anymore.

Stamp duty rates on buy to let properties are also higher than on residential property purchases these days. When you purchase a buy to let property that's worth over £40,000, you have to pay stamp duty. It costs 3% more than the stamp duty on residential properties.

Learn more about stamp duty and tax on buy to let properties.

Buy to let insurance

Landlord insurance is different from normal home insurance. It isn't legally required, but your lender might ask you to take it out as a condition of your buy to let mortgage.

Buy to let insurance can protect you in a range of scenarios. This could include damage to buildings or contents, being taken to court by your tenants, or being unable to rent it your property out for a period.

Here's how to get insurance for landlords to cover the risks of your buy to let property.

Buy to let remortgages

If you have a buy to let property, you'll need to arrange a buy to let remortgage when your current deal ends. It's unlikely that you'll want to stay on the lender's SVR, which is what your buy to let mortgage would automatically default to at the end of your term. That's because it's usually much more expensive than the competitive buy to let rates available if you remortgage.

Use our buy to let remortgage comparison table to find a mortgage that's right for you.

When you're thinking about getting a BTL property to rent out, you'll need to make sure the rent income covers the cost of your mortgage payments. It should also cover the expense of running and maintaining the property.

Some landlords make money from the rent they charge. Others benefit from the appreciation in the value of the property itself. And some benefit from both.

How investing in property with buy to let works.

Buy to let mortgage FAQs

Yes, many buy to let mortgages are interest only. They let you pay back only the interest owed on your mortgage, not the balance; here is how they work.

Some lenders offer mortgages that last until you are 85, but others have strict age restrictions. Here is how to get a mortgage when you are older.

Some lenders will specify that you need a minimum income before you can apply for a buy to let mortgage. This is typically £25,000, although certain lenders may have different requirements and on occasion, it may be possible to find a buy to let mortgage with no minimum income.

Yes, most mortgages need a deposit, and buy to let mortgages usually require a higher amount than when you buy your own home.

Yes, because you cannot use a residential mortgage for an investment property. The mortgages in this comparison can be used for buy to let.

About our mortgage comparison

We include mortgages from every lender in the UK. They are all from lenders regulated by the Financial Conduct Authority. Here is more information about how our website works.

We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more here.
You do not pay any extra and the deal you get is not affected.

Last updated: 11 October 2021

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