A cost-effective way of raising capital.
Last updated 30/01/2020
Lender | Initial Rate | Until | Max LTV | Arrangement Fee | Redemption Penalty | Reversion Rate |
---|---|---|---|---|---|---|
Optimum
|
2.99% | 1 year discount | 75% | £595 | None | on application |
Paragon
|
3.90% | Variable | 70% | £745 | None | 3.90% |
Precise
|
4.25% | 2 year fixed | 65% | £300 | 3%/2% | 4.75% |
Precise
|
4.90% | 5 Year fixed | 70% | £300 | 3%/3%/2%/2%/1% | 4.75% |
UTB
|
4.95% | 5 year fixed | 60% | £495 | None | 3.40% |
Shawbrook
|
6.40% | 3 year fixed | 80% | £300 | None | 5.90% |
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|
Initial Rate | 2.99% |
Until | 1 year discount |
Max LTV | 75% |
Arrangement Fee | £595 |
Redemption Penalty | None |
Reversion Rate | 3.65% |
Quote |
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|
Initial Rate | 3.90% |
Until | Variable |
Max LTV | 70% |
Arrangement Fee | £745 |
Redemption Penalty | None |
Reversion Rate | 3.90% |
Quote |
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|
Initial Rate | 4.25% |
Until | 2 year fixed |
Max LTV | 65% |
Arrangement Fee | £300 |
Redemption Penalty | 3%/2% |
Reversion Rate | 4.75% |
Quote |
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|
Initial Rate | 4.90% |
Until | 5 Year Fixed |
Max LTV | 70% |
Arrangement Fee | £300 |
Redemption Penalty | 3%/3%/2%/2%/1% |
Reversion Rate | 4.75% |
Quote |
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|
Initial Rate | 4.95% |
Until | 5 year fixed |
Max LTV | 60% |
Arrangement Fee | £495 |
Redemption Penalty | None |
Reversion Rate | 3.40% |
Quote |
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|
Initial Rate | 6.40% |
Until | 3 year fixed |
Max LTV | 80% |
Arrangement Fee | £300 |
Redemption Penalty | None |
Reversion Rate | 5.90% |
Quote |
Lender | Initial Rate | Until | Max LTV | Arrangement Fee | Redemption Penalty | Rental Cover |
---|---|---|---|---|---|---|
Masthaven
|
4.58% | 2 year discount | 65% | 1.5% | 2%/1% | Dependent on terms |
Precise
|
6.00% | 5 year fixed | 65% | £495 | 3%/3%/2%/2%/1% | 125 @ 6.00% |
Together
|
6.49% | Variable | 75% | 2.5% | 4%/4%/3%/2%/1% | 125% @ 6.49% |
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|
Initial Rate | 4.58% |
Until | 2 year discount |
Max LTV | 65% |
Arrangement Fee | 1.5% |
Redemption Penalty | 2%/1% |
Rental Cover | Dependent on terms |
Quote |
![]() |
|
Initial Rate | 6.00% |
Until | 5 year fixed |
Max LTV | 60% |
Arrangement Fee | £495 |
Redemption Penalty | 3%/3%/2%/2%/1% |
Rental Cover | 125% @ 6.00% |
Quote |
![]() |
|
Initial Rate | 6.49% |
Until | Variable |
Max LTV | 75% |
Arrangement Fee | 2.5% |
Redemption Penalty | 4%/4%/3%/2%/1% |
Rental Cover | 125% @ 6.49% |
Quote |
Second charge mortgages (or secured loans) are secured against your existing property and allow you to use your equity to raise finance.
Different lenders have different criteria, but second mortgages can be a cost-effective way of raising capital for a variety of different purposes, e.g. tax bills, home improvements, school/university tuition, business investment, debt consolidation, luxury purchases.
The Buy to Let Business can help you find the best product for your circumstances. Above are just a few of our current rates.
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!