80 LTV buy to let mortgages
If you want to invest in a rental property with a small deposit, 80% loan to value (LTV) buy-to-let mortgages are beneficial over their 85% LTV counterparts.
This is because experience as a landlord is not a requirement of all lenders who offer 80% LTV buy to let morgtgage rates.
At 85% LTV, mortgage lenders require applicants to have experience as a landlord, amongst other criteria.
Mortgage rates on offer today if you have a 20% deposit
The table below features a selection of the best 80% LTV buy-to-let mortgages we can access today, for all deals we can access click through to our comparison table, where you can input your property value and the amount you want to borrow in order to tailor the results to you.
The mortgage rates in our comparison table are current, the deals on offer automatically update twice daily from a feed which is maintained by the mortgage lenders themselves.
|Rate||Product||Monthly cost||LTV||Lender fee||APRC|
|2.64% then 4.94% Variable for 24 months||Variable for 24 months||£220||80%||£295||4.70%||Enquire|
|2.74% then 4.74% Fixed for 24 months||Fixed for 24 months||£228||80%||£1,825||4.70%||Enquire|
|2.99% then 5.10% Fixed for 24 months||Fixed for 24 months||£249||80%||£1,175||5.00%||Enquire|
|2.99% then 5.10% Fixed for 24 months||Fixed for 24 months||£249||80%||£1,450||5.00%||Enquire|
|3.14% then 5.30% Fixed for 24 months||Fixed for 24 months||£261||80%||£1,818||5.30%||Enquire|
|3.29% then 4.74% Fixed for 24 months||Fixed for 24 months||£274||80%||£25||4.60%||Enquire|
|3.34% then 4.74% Fixed for 36 months||Fixed for 36 months||£278||80%||£1,825||4.70%||Enquire|
|3.35% then 5.10% Fixed for 36 months||Fixed for 36 months||£279||80%||£670||4.90%||Enquire|
|3.39% then 4.74% Fixed for 12 months||Fixed for 12 months||£282||80%||£1,020||4.80%||Enquire|
|3.49% then 4.74% Fixed for 36 months||Fixed for 36 months||£290||80%||£25||4.60%||Enquire|
Important: Lender fee is calculated based on a loan amount of £100,000.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE.
*Some lenders offer mortgages with no fees; however, our broker fee of up to £1,198 for Buy to Let first mortgages and up to £2,198 for Buy to Let secured loans will apply.
This table includes both Purchase and Remortgage rates. Speak to our advisors for a personalised recommendation.
How can an 80% LTV buy-to-let mortgage benefit me?
There are a number of reasons landlords favour an 80% LTV buy-to-let mortgages. From the simplest perspective, if you have a specific property in mind but only have a 20% deposit to invest, this is the obvious route to go down.
Over and above this, there are a few different landlord groups who can use high LTV ratios to their advantage:
High LTV ratios for first time buyers/first time landlords
If you are making your first investment in a rental property, or into any property (i.e. you do not own your own home), then the opportunity to invest with 20% of the property value may be useful.
Bear in mind that, by lending you a greater percentage of the capital of the property, a lender will commonly mitigate their risk by charging at a higher rate of interest than lower LTV ratios which will have an impact on your monthly mortgage payments.
We can access lenders who offer 80% LTV buy to let mortgages to limited companies, if you want to see today’s deals which fall into this category, click through to our comparison table and filter the results to show just these deals.
It is worth noting that the PRA changes to underwriting do not affect limited company deals. If you are remortgaging as an individual borrower and find that borrowing based on 145% rental coverage and 5.5% affordability stress rate does not achieve the capital you require, you may be able to remortgage your property into a limited company which is subject to 125% rental coverage and 5% affordability stress rate.
Property portfolios - remortgage to raise capital
If you are looking to raise funds from the equity in your property portfolio, but don’t want to sacrifice too much on the rates you consider (which are commonly higher, the more you borrow versus the amount you invest) an 80% LTV buy-to-let mortgage may be a great option.
The difference between the lowest 80% LTV initial rate deal and those products at 85% can be considerable.
Mortgage lenders offering 80% LTV buy-to-let mortgages
Mortgage lenders add fresh products all the time so the number of lenders offering these deals can change. 20% of the mortgage lenders we work with offer 80% LTV buy-to-let mortgages.
We will talk to you about your objectives, tell you if we believe you fit with a lender and identify a fantastic deal suited to your requirements.
Why secure a deal with us?
We offer a high standard of customer service to all clients.
Before making an application it is vital to have confidence that you will be eligible with the mortgage lender and for the product in question, a decline can be costly if you have paid solicitors fees, for searches or for a valuation.
Having discussed your circumstances and requirements in detail our advisors search the market to find you a product which best meets your requirements.
We will then take as much of work required to achieve a completion off your hands. Our advisors are supported by a diligent and tenacious team of mortgage administrators who coordinate all documentation and work with all parties to meet a timely completion date.