Best buy-to-let mortgages: grab low rates while you can – AOL Money UK

Current buy-to-let mortgage rates are low so now is a good time to obtain one, especially since they are projected to head up soon. Landlords should use this article to find the best interest rates for different lengths of fixed rate mortgages, ranging from two to ten years. Tracker mortgages are briefly touched on and you can find the best rates here as well.

Key Takeaways:

  • Two-year fixed mortgages: these are the lowest rates on the loveMONEY mortgage comparison service, but you’ll usually pay the price for a cheap rate in the form of a big fee.
  • With five year terms, you enjoy that security for longer but you may have to pay a premium in terms of a higher rate. You also have significant Early Repayment Charges to consider should you wish to leave the deal early.
  • With a tracker mortgage your monthly repayments may go up or down, usually depending on what’s happening with the Bank of England Base Rate.

“First, let’s look at the two-year fixed rate mortgages. These are the lowest rates on the loveMONEY mortgage comparison service, but you’ll usually pay the price for a cheap rate in the form of a big fee.”

http://money.aol.co.uk/2017/02/05/best-buy-to-let-mortgages-grab-low-rates-while-you-can/