Why buy-to-let remortgages?
Buy-to-let mortgages are specifically designed for people who want to invest in the property market and have a property portfolio. These houses are then rented out to tenants on a short or long-term tenancy.
The main reason that people invest in property is to benefit from appreciation in the capital value of the property. The loan repayments are usually covered by revenue generated by letting.
Buy–to-let mortgages are similar to standard mortgages where the property owner resides in the property. The main differences are:
- The percentage the mortgage lender would lend is usually restricted to 80%
- The term of the mortgage can vary from 5 to 50 years
- Interest rates are likely to be higher compared to a standard mortgage
Types of buy-to-let mortgages
As the buy–to-let market has grown, the number of mortgage products has increased. More banks have started to offer buy–to-let mortgages alongside specialist lenders. Lenders now offer buy-to-let fixed rate, flexible, discounts and tracker mortgages.
As with your personal mortgage, it is beneficial to look around at remortgage rates on buy–to-let remortgages in order to save on your monthly repayments.
Our best buys show the best buy-to-let remortgages available.
Remortgages Made Easy! can help you to remortgage your property or portfolio. Please contact us for a remortgage quote.
Your initial meeting will cost you absolutely nothing, however you may be charged a mortgage application fee.*
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