New build mortgage deals

How do I compare buy-to-let mortgage deals?

Comparing different BTL mortgage deals using our tool is a great way to get an idea of deals that might be suitable for you. Here's how to use it:

1. Entire your desired property value, the amount you wish to borrow and the length of the mortgage
2. Refine your search to the type of mortgage, product period and other features you're looking for
3. Compare different deals' interest rates, lender fees, flexibility and overall costs throughout the full mortgage term
4. Speak to our specialist mortgage advisors to help you make an informed decision

What are the different types of buy-to-let mortgage rates?

The two main types of mortgage rates are fixed rates and variable rates. Read the explanations below to understand the differences and speak to one of our expert mortgage advisors to understand which option would best suit you.

Fixed rates

The interest rate for this type of buy-to-let mortgage remains constant for an initial period, which typically lasts between two and five years. Your monthly repayments stay the same during this time, providing you with stability and making it easier to budget.

Variable rates

This type of mortgage rate can change over the initial term. You could pay lower monthly costs than you would with a fixed-rate mortgage if interest rates go down but you could also pay more if they go up.

There are different types of variable-rate mortgages, including tracker variable-rate mortgages and discounted variable-rate mortgages. Tracker variable-rate mortgages track the Bank of England base rate, whereas discounted variable-rate mortgages track the lender's standard variable rate (a figure they set at their own discretion) at a discounted rate.

Key buy-to-let mortgage deal terms explained

We appreciate there's a lot of jargon to understand when comparing buy-to-let mortgage deals, so we've unpacked some common terms below.

• Loan-to-value (LTV) ratio: This represents the percentage of the property value you want to borrow. For example, a £100,000 mortgage on a £200,000 property would have an LTV ratio of 50%.
• Initial rate: This refers to the interest rate charged during the initial period of the buy-to-let mortgage, which usually lasts two to five years.
• Reverting to: This refers to the interest rate the mortgage switches to after the initial rate period ends.
• Lender fees: These are the charges associated with setting up the mortgage, comprising of a booking fee, arrangement fee and valuation fee.
• APRC: The Annual Percentage Rate of Change (APRC) represents the overall cost of the mortgage over its full term, including the initial rate, the rate it reverts to and the lender fees – helping you compare different deals.
• Exit fee: This fee covers the administrative costs of closing your account when you finish paying off your mortgage.

How can a mortgage broker help you get the best buy-to-let mortgage rates?

It can be challenging to compare the best BTL mortgage deals, especially if you're not an experienced landlord. You might be able to find a decent deal for yourself using online tools like the one on this page. For a tailored solution that perfectly matches your needs, though, you should consider letting Alexander Hall's expert mortgage advisors do the job for you.

We've helped countless landlords secure bespoke mortgage solutions over more than three decades, so we have the experience to find you the right funding no matter your circumstances. Our network of more than 100 lenders gives you access to a huge range of products, including some that aren't directly available to consumers.

We stay up to date on what’s happening in the market, so we can quickly identify which lenders currently offer the best buy-to-let rates and what their terms are. On top of that, we can use our longstanding relationships with lenders to negotiate more favourable terms than you could get on your own.

Why let Alexander Hall find you the best BTL mortgage rates?

With more than 30 years' experience providing best-in-class mortgage advice, you can trust our advisors to find the best buy-to-let deals for you. Here are some of the reasons you should choose us:

• Impartial advice: We provide the guidance you need to make savvy decisions about your investment and we aren't here to help any particular lender – just you.
• Extensive network: We search more than 100 lenders to find you the best deals on buy-to-let mortgages and flex our relationships to streamline your application.
• Easy process: Don't stress about the paperwork. We'll take on all the heavy lifting, so you can focus on what matters most.
• Exceptional service: Thousands of people have rated us 'Excellent' on Trustpilot and we're committed to providing you with the same high standards of service.
• Award-winning team: We've won Best Broker for Customer Service in the Legal & General 2024 Mortgage Club Awards and a wide range of accolades over the years, so you can expect nothing short of excellence when you work with us.