Compare Buy to Let Remortgages

If you are a property investor and want to change your existing mortgage you can compare the latest interest rates on buy to let remortgage products below. _For more information on each product, or to find out how to apply, please click on the links provided.

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Last updated on 04 March 2021.

Buy-to-Let Remortgages FAQ

What is buy-to-let remortgaging?

When buy-to-let landlords wish to expand their portfolios, buy-to-let remortgaging facilities allow them to unlock equity from an existing property and use it to finance the purchase of new properties to generate additional rental income.

What are some other uses of buy-to-let remortgaging?

You may wish to remortgage a buy-to-let property to finance improvements in a property to help boost its value or to release funds to help consolidate existing debts, or switch to a product with a more attractive interest rate.

Are there incentives on buy-to-let remortgage products?

Yes. Many providers offer incentives, including cashback, to consumers, allowing them to get access to lump sums for additional cash flow if required. Some providers also offer free valuation fees, reducing overall costs.

How soon can I remortgage a buy-to-let property?

Most providers allow you to apply for buy-to-let remortgage facilities only on a property you have owned for at least six months.

What is LTV?

LTV (loan-to-value) tells you how large a mortgage or remortgage loan is as a proportion of a property’s value.

What is the typical LTV for buy-to-let remortgaging products?

LTV varies from provider to provider, but these products often carry an LTV of 60–65 percent, suggesting smaller loans in relation to the value of a property, as seen in some mortgage products, which often offer higher LTVs.

What does an LTV of 60–65 per cent signify?

Having an LTV in this bracket suggests you will be expected to contribute a greater share of your resources towards a deposit, worth between 35–40 percent of a property’s value.

Can I find a fixed-rate buy-to-let remortgaging deal?

Yes. Many buy-to-let remortgaging products offer fixed-rate deals. This means you can repay your loan back at a frozen rate of interest for a period of 2–5 years, keeping mortgage costs low and stable for a time.

What is APRC?

APRC (annual percentage rate of change) is a metric which combines mortgage interest, as well as additional fees and costs. It allows you to determine the actual rate of change in the cost of a mortgage product, allowing you to make easy like-for-like comparisons with other deals.

Will variable rates be payable when fixed-term deals expire?

Yes. In many buy-to-let remortgage options, fixed-rate deals expire, and you will be transferred onto variable rates. Please note that this is dependent on the specific terms and conditions of each provider, so make sure to read them thoroughly.

Where can I find the best buy-to-let remortgaging deals?

NerdWallet’s comparison table is a great place to start, as it allows you to compare products on a like-for-like basis. Our table gives you a clear indication about the monthly payments you can expect to make, and any additional costs to budget for, as well as any incentives to seal a deal.

NerdWallet has selected Koodoo to provide you with this information-only online comparison service on a non-advised basis. NerdWallet will receive a share of the commission that Koodoo earns from the lender or from our partnered broker, Fluent Mortgages.

Koodoo is the trading name of Mortgage Power Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 845978), and is a registered company in England and Wales (company registration number 10978680), with a registered address at Scale Space, 58 Wood Lane, London, W12 7RZ

Fluent Mortgages Ltd is authorised and regulated by the Financial Conduct Authority (FRN 458914), and is a registered company in England and Wales (company registration number 10978680), with a registered address at 102 Rivington House, Chorley, New Road, Horwich, Bolton, BL6 5UE