Latest 75% LTV buy to let mortgage rates

Landlords purchasing or remortgaging a buy to let property with a 25% deposit or equity will find a good range of lenders and options. 75% LTV buy-to-let mortgages commonly offer low starting APR rates with a wide range of options to suit your requirements.

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Below are the lowest initial mortgage rates we can source for buy to let properties at 75% loan to value.

75ltv

Majority of our lenders offer 75% LTV for buy to let

The majority of lenders we work with offer 75% as their maximum LTV. Although there are some that offer larger LTV’s, these tend to be from specialist lenders.

Usually you will find the higher the LTV, the higher the rates offered – again this is due to the risk the lender is taking on. For this reason a 75% LTV mortgage can be a good balance between an obtainable deposit and lower monthly payments.

Only Loan to value bracket with a 10 year fixed rate product

The longest initial rate product amongst the deals we offer is currently 10 years and this product has a 75% LTV, making it a very individual product for those landlords looking to secure their repayments at the same rate for a long time.

Before you settle on a deal though it is important to understand the full implications of all the associated criteria, so ask us about this product to be clear on these points.

Lender underwriting changes to landlord mortgage affordability 

In September 2016 the PRA (Prudential Regulation Authority) brought in changes to buy to let mortgage underwriting with a schedule to complete the first phase of changes by January 2017.

The changes are to the affordability calculations lenders make to ensure you, as a landlord, can keep up with your monthly repayments in the event of a financial change in your circumstances (e.g. interest rates go up, or you have a tenant in arrears or no tenant at all).

These changes will affect the level of potential borrowing open to landlords, particularly those looking at 80% and 85% LTV products due to the repayment rates being commonly higher.

If you are unsure of the impact upon your property investments, get in touch with our buy to let experts.

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