Buy To Let Remortgage Rates
If your current buy-to-let mortgage deal is coming to an end, nowโs the time to explore your remortgage options.
At Jones & Young, we offer a wide range of buy-to-let remortgage products to help you switch deals, secure a better rate, or release equity from your rental property.
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Buy-to-Let Remortgage Comparison Tool Uk
Are you thinking of remortgaging your Buy-to-Let mortgage?
If you have up to three rental properties, our BTL remortgage comparison tool can help you find some of the best prices on the market.
Our Buy-to-Let Remortgage Comparison Tool helps you easily compare the latest remortgage rates from across the market.
Use our tool to:
Instantly view competitive remortgage rates for buy-to-let properties
Filter results by loan amount, property value, and fixed-term length
Compare fees, LTVs (loan-to-value), and expected monthly repayments
See deals from both mainstream and specialist BTL lenders
Our comparison is completely independent and updated to reflect current market conditions.
How to use the tool
Using our tool to find the right remortgage deal for your buy-to-let property is quick and straightforward. Just follow these steps:
Select Your Repayment Type
Choose between Interest Only or Capital Repayment to match how you plan to repay the mortgage.Confirm the Mortgage Purpose
This will already be set to Buy to Let Remortgage.Set the Mortgage Term
Enter the number of years you want the mortgage to run for.Enter the Property Value
Input the current estimated value of your rental property. This helps calculate the loan-to-value (LTV) ratio, which affects the rates youโll be shown.Enter the Loan Amount Required
Let us know how much you want to borrow.Add the Monthly Rental Income
Provide the expected or current monthly rent for the property.
Once youโve filled in all the fields, the tool will instantly display a tailored list of remortgage options.
What is a Buy-to-Let Remortgage?
A Buy-to-Let remortgage, also known as a BTL remortgage, is a financial transaction where a landlord who already owns a Buy-to-Let property, swaps their current Buy-to-Let mortgage deal for a new deal on the same property, usually with a different mortgage lender.
This is usually done to get better remortgage rates, extend the mortgage term, release equity from the property, or even raise additional funds.
Why should I consider a Buy-to-Let Remortgage?
There are various reasons why you might want to remortgage a Buy-to-Let property. One common reason to remortgage is to lower interest rates compared to your current mortgage rate. This can help increase your rental income profit margins. Remortgaging can also provide a way to release equity tied up in your property, which can be useful if you need to raise funds for refurbishments or to invest in additional properties.
When should you remortgage a BTL property?
It’s best to remortgage a Buy-to-Let property when your current mortgage term is ending. With a fixed rate mortgage, your monthly rate is fixed for 2-5 years typically. After that, you’ll go on your lender’s Standard Variable Rate which is usually more expensive. So start looking into remortgaging a Buy-to-Let property 6 months before your fixed rate ends. That way, you won’t have to worry when your current deal runs out, since you’ll already switch over to the new one automatically.
How do Buy-to-Let Remortgages work?
A Buy-to-Let remortgage works by paying off the existing mortgage on your property and replacing it with a new mortgage with more favourable terms or rates available.
Your remortgage application will be assessed by the mortgage lender based on your propertyโs value and the rental income it generates, much like the initial mortgage application when you bought the property.
When is the best time to consider a Buy- to-Let Remortgage?
The best deal for a Buy-to-Let remortgage can often be found when your current mortgage deal is nearing its end. At this point, it could be beneficial to start remortgaging to prevent moving onto your lender’s standard variable rate, which can be higher. However, it is also possible to remortgage at any time if you find a favourable deal or need to access the equity in your property.
Specialist Mortgage Advice To Help You Secure The Home You Deserve!
75-80% Loan to Value (LTV)
Loan to Value(LTV) options typically 75 - 80%
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Clear and concise advice around the best options for your needs.
Communication
Helping customers cut through the noise to understand things their way.
No Income Used
No Income is required for BTL lending as the rent is used to assess affordability
Specialist Rates
We offer competitive rates ensuring the best price for our customers
30+ Years As Mortgage Advisers
We have been providing business owners and the self employed with mortgage advice
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Tailored advice recommended for your personal situation
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Access to a wide range of lenders, including specialist mortgage providers
Read What Our Recent Clients Say About Our Buy to Let Mortgage Broker Service
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Further questions about Buy-to-Let Mortgages by Jones & Young
We’ve done our best to try and answer some of the most frequently asked questions about Buy-to-Let remortgages:
Why would I want to remortgage my Buy-to-Let property?
You might want to remortgage your Buy-to-Let property for several reasons. These could include wanting to get a better Buy-to-Let remortgage rate, to increase the rental income, or even release equity from the property. Moreover, remortgaging a Buy-to-Let could provide a useful way to expand your property portfolio.
How can I find the best Buy-to-Let remortgage deal?
To find the best Buy-to-Let remortgage deal, you should consider shopping around, comparing different Buy-to-Let mortgage deals and talking to a mortgage broker. Also pay close attention to the remortgage rates and interest rates of the remortgages available in the market.
How does the remortgage application process work?
The remortgage application process is pretty much like the original mortgage application process. It will involve providing financial evidence such as proof of rental income, credit checks, and property valuation. Getting the best mortgage deal may also involve negotiation with the mortgage lender.
