Fixed BTL Rates

Peace of mind with no unwelcome surprises.

Last updated 16/03/2020

Lender Initial Rate Until Max LTV Arrangement Fee Redemption Penalty Rental Cover
TMW
1.19% 2 year fixed 65% 3%/ 2% 145% @ 5.5%
BM Solutions
1.29% 2 year fixed 60% £1,995 + £300 cashback 2%/ 1% 138% @ 5.5%
Skipton
1.34% 2 year fixed 60% £1,995 – free val 2%/ 1% 145% @ 5.5%
Leeds
1.39% 2 year fixed 60% £1,999 – free val 3%/ 2% 140% @ 5.5%
Santander
1.39% 2 year fixed 60% £1,499 – free val 3%/ 3% 130% @ 5.5%
Godiva
1.39 2 year fixed 65% £1,999 – free val 2%/ 1% 145% @ 5.5%
TMW
1.44% 2 year fixed 65% £1,995 3%/ 2% 125% @ 5.5%
BM Solutions
1.99% 5 year fixed 75% £1,995 5%/ 4%/ 3%/ 2%/ 1% 145% @ 5.5%
Skipton
2.03% 5 year fixed 70% £1,995 – free val 5%/ 5%/ 4%/ 3%/ 2% 145% @ 5.5%
 Initial Rate  1.19%
 Until  2 year fixed
 Max LTV  65%
 Arrangement Fee
 Redemption Penalty  3%/2%
 Rental Cover  145% @ 5.5%
  Quote
 Initial Rate 1.29%
 Until  2 year fixed
 Max LTV  60%
 Arrangement Fee  £1,995 + £300 cashback
 Redemption Penalty  2%/1%
 Rental Cover  138% @ 5.5%
  Quote
 Initial Rate 1.34%
 Until  2 year fixed
 Max LTV  60%
 Arrangement Fee  £1,995 – free val
 Redemption Penalty 2%/1%
 Rental Cover  145% @ 5.5%
  Quote
 Initial Rate 1.39%
 Until  2 year fixed
 Max LTV 60%
 Arrangement Fee  £1,999 – free val
 Redemption Penalty 3%/ 2%
 Rental Cover  140% @ 5.5
  Quote
 Initial Rate 1.39%
 Until  2 year fixed
 Max LTV  60%
 Arrangement Fee  £1,499 – free val
 Redemption Penalty  3%/ 3%
 Rental Cover  130% @ 5.5%
  Quote
 Initial Rate 1.39%
 Until  2 year fixed
 Max LTV  65%
 Arrangement Fee  £1,999 – free val
 Redemption Penalty  2%/ 1%
 Rental Cover  145% @ 5.5%
  Quote
 Initial Rate 1.44%
 Until  2 year fixed
 Max LTV  65%
 Arrangement Fee £1,995
 Redemption Penalty 3%/ 2%
 Rental Cover  125% @ 5.5%
  Quote
 Initial Rate 1.99%
 Until  5 year fixed
 Max LTV  75%
 Arrangement Fee  £1,995
 Redemption Penalty 5%/ 4%/ 3%/ 2%/ 1%
 Rental Cover  145% @ 5.5%
  Quote
 Initial Rate 2.03%
 Until  5 year fixed
 Max LTV  70%
 Arrangement Fee £1,995 – free val
 Redemption Penalty 5%/ 5%/ 4%/ 3%/ 2%
 Rental Cover  125% @ 5.25%
  Quote

Repayments

A fixed rate mortgage ensures that your repayments remain the same for an agreed period – regardless of how interest rates may change – before reverting to the lender’s SVR (Standard Variable Rate) at the end of the term. Their appeal lies in the security and peace of mind that they provide. They make it easy for people to budget and make plans, safe in the knowledge that there will be no unwelcome surprises.

It is worth bearing in mind that fixed rate mortgages are relatively inflexible and there can be high penalties for exiting the deal early. It is usually possible to get a more competitive starting rate on a variable rate product and, of course, if the interest rate drops there is no advantage to be had if you are on a fixed rate.

Fixed term

When considering a fixed rate mortgage, it is important to determine how long you wish your rate to be fixed for. Two- and five-year products remain very popular, but there has also been a recent rise in the number of people taking up 10-year products. However, this security does come at a price. The longer the fixed term, the higher the rate is going to be. Personal circumstances can also change dramatically over a decade and you could potentially end up facing high exit costs.

We can help you find the right fixed rate mortgage to suit your needs and circumstances. Above are just a few of the current rates on offer from across the market.

We're here to help.

Unsure of what kind of buy to let mortgage you're looking for? Professional mortgage advice is more important than ever. Call us. We're looking forward to hearing from you!