These are the best buy-to-let mortgages in the UK.
- Property Hawk has revealed the most popular BTL mortgages in the UK
- They are typically available with interest rates of 4% to 5%
- Mortgages with higher LTVs have lower rates
The UK’s top buy-to-let mortgages have been revealed, with Kent Reliance offering some of the best rates for prospective landlords.
Property Hawk published the ten most popular BTL property loans in the country yesterday (May 29th) and the majority of these have rates of between 4% and 5%.
Kent Reliance’s Semi Exclusive product is available with a loan-to-value (LTV) of 85% at an initial rate of 4.99% for two years. The booking fee is £130 and the completion fee is 2.5%.
The financial services provider offers a wide variety of loans, including residential mortgages, which may be of interest to those considering buying a house for themselves to live in. Its lowest two-year fixed-rate mortgage is available at 4.69% for a 90% LTV for a maximum loan of £250,000, while it also offers a two-year standard variable rate of 4.59% for a loan of up to £250,000 with a 10% deposit.
Potential landlords who have a larger deposit can take advantage of lower interest rates. For instance, Kent Reliance also offers a BTL loan at 4.59% for an LTV of 80% for two years.
In addition to this, Melton Mowbray provides a good deal for landlords with a deposit worth 25% of the value of the asset they are hoping to buy. This is available at a rate of 3.25% for two years, with a completion fee of £995 and a booking charge of £250.