Repayment Quotes For Buy to Let
Free estimated buy to let quote
(Rates and costs may vary depending on circumstances).
Why our estimate calculator is useful
Use the calculator tool provided to get an estimated repayment for a buy to let mortgage product. This is to be used as an indication only.
Want to get a breakdown of how much you can borrow?
Enter the details requested from our tool and we will analyse your needs and provide you with a quote that will detail your repayment values. This is not an official quote and is not intended to be taken for such.
The tool is there to the hep you quickly identify if the borrowing is suitable for you, and what you can afford. You can reset the calculator as many times as needed to assess different borrowing amounts, loan terms and rates.
Once you have a rough idea of whether you can afford such a product, get in touch and we will prepare a proper quote and proposal.
To proceed with your application, fill out the form below
What improves the chances of obtaining a BTL?
Lenders look at your financial position and whether or not there is clear affordability to be able to satisfy their terms. This is the same process regardless of whether this is a first-time investment or a seasoned investor with an established portfolio.
If you can demonstrate clearly that the repayments can be met, the speed in which everything can be arranged vastly improves.
Why a buy to let is advantageous:
What actually affects repayments?
Your interest rate, primarily. The lower the rate you obtain, the less you pay each month. Never just take the first offer, do your homework and shop around properly for the best buy-to-let deals, it can save you a lot of money.
How much you need to borrow is another contributing factor. Bigger loan or a longer term can mean smaller monthly payments, but you’ll end up paying substantially more interest over the long term.
Most landlords tend to go interest-only because it keeps the monthly cost relatively low (meaning you retain most of your rental cash income). Just make sure you’ve got a solid plan to pay off the actual loan at the end – selling the property or remortgaging are common exit routes taken.
The more you put down, as in your deposit amount can bring you to a lower LTV. By starting out with a bigger deposit down payment, you will tend to end up with a cheaper mortgage borrowing.
Rate comparison
Buy-to-let mortgage rates aren’t the same between each lender, it depends on how big the loan is, what kind of property you’re buying, your own financial situation, and whether you’re securing it personally or through a limited company.
The ‘average’ rate you see around online is just a rough guide – your actual rate will be different because every situation is unique, and things move up and down with the market all the time.
We keep an eye on the very best buy-to-let deals out there every day and can help you grab a properly competitive rate that actually fits your situation.
A borrowing example
In this example a borrower wants to lend £150,000 over a 25 year basis at a rate of 5.25% interest. The intended product is an interest-only to keep the monthly payment relatively low, as opposed to a full capita repayment on-top at the same time.
- Monthly repayment: £656.25
- Total interest payable: £196,875
- Total full repayment: £196,875, plus the original capital of £150,000 borrowed
Understanding buy to let further
Get invested in property
Ready to take the next step in making property work for you?
Give our team a call and we will discuss the merits of your proposal and see how we can find a product to fulfil your needs.
