Remortgaging a Buy to Let

                Specialist Mortgage Advisors  

  Nationwide Coverage 

Free Mortgage Advice

 

 

0800 368-8879

 

Arrange Callback

Remortgaging a buy to let can be relatively simple for most customers. It may be more difficult if your circumstances have drastically changed since your original mortgage was arranged. This may be employment, credit rating or increased debt. To make sure you get the best advice and rate on your remortgage it is advisable to speak to a specialist that can search the whole of the market and find the best deal for your personal circumstances.

 Why to remortgage your buy to let?

Buy to lets are an investment and you will want to make sure you are getting the best return on your investment.

You may also want to remortgage your buy to let to

  • Release equity from your property
  • Change the terms of your mortgage
  • Get the best rate

 If you have just finished your initial rate period you will now be moving onto your mortgage providers standard variable rate (SVR). This can and likely will increase your monthly payments as this rate can be anywhere from 4% to over 6%. With a rate this high it will eat into your profit which is not good for any investor. Using an experience buy to let mortgage broker will allow you to get expert advice and help you to make the most from your investment portfolio.

What will affect my remortgaging rate?

When remortgaging your buy to let lenders will assess your circumstances and affordability before calculating the rate they are able to offer you. The rate will be based on affordability checks along with your credit score.

If your circumstances have changed since the original mortgage such as any bad credit or a lower salary you may find it harder to get a good rate or even an offer at all. At Get Me My Mortgage we have a network of experts with access to specialist brokers to help our users in worse circumstances secure a remortgage.

It may be that your circumstances have actually improved since you took out your original mortgage. This is great news as it means that you will have access to more deals and should be able to get a great remortgage rate.

Best buy to let remortgage deals

Buy to let remortgage rates are usually higher than a traditional residential mortgage. This is due to the increased risk of a buy to let mortgage defaulting. If you rely on tenant’s rent to pay for the buy to let mortgage and the tenant doesn’t pay this could make you default on the mortgage. This increased risk can make your rate slightly higher. There are still great rates available for landlords and depending on your circumstances these rates can be very low allowing you to maximise your ROI.

 

Get in touch today and have an expert in your corner to help you find the best deal that will be the most financially viable for you. Fill in one of our contact forms today or give us a call.

 

  • Put me in touch with a great broker who managed to get me a excellent deal.

    Christopher Griffiths Avatar
    Christopher Griffiths
    6/09/2019

    Friendly, helpful staff. I would recommend get me my mortgage.

    Susan Manning Avatar
    Susan Manning
    5/21/2019

    I'm very happy for his good professional service. Thank you

    Enando Avatar
    Enando
    7/19/2019
  • Great service the advisor I was referred to was friendly and professional, helped me through the whole process. Defintley would recommend

    Julie Gallagher Avatar
    Julie Gallagher
    5/18/2019

    Helped to reduce my monthly mortgage payments with a great remortgage deal

    Warner William Avatar
    Warner William
    7/14/2019

    Very friendly staff, would recommend

    angela tyrell Avatar
    angela tyrell
    6/02/2019

Remortgage Information

Looking for specialist advice? Read through our articles about different remortgaging situations, and get the best advice to get the mortgage that you need.

Terms & Conditions

Getmemymortgage.co.uk is an information-only website we strive to give information and tips that are relevant to our users; we don't guarantee to be right all of the time so take professional advice before acting on any information on this site. We can't accept liability should anything go wrong.

We are UK based, and the information we provide is relevant only to the UK. The information isn't tailored to your circumstances; we strive to put you in touch with an appropriate broker for your particular needs. All of our experts are appropriately qualifies and regulated by the FCA as appropriate.

Legal Information

Your initial mortgage consultation is always free of charge. Depending on the complexity of your mortgage, there may be a fee for your broker's mortgage advice and arrangement service. Any fees will be discussed and agreed with you before you make a mortgage application.

GetMeMyMortgage.co.uk is an independent marketing website maintained by Bullfrog Media Ltd., a UK registered company. The purpose of the site is to put you in touch with a suitable expert.

 

Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.

Site designed and maintained by Bullfrog Media © Bullfrog Media Ltd 2019