Best Buy-to-Let Remortgage Rates Compared

If you’re planning to remortgage a buy-to-let (BTL) property, it’s well worth understanding what current interest rates and mortgage deals look like in the UK. So, we will give you some insight into the BTL remortgage market.

The rates table below gives you a quick illustration of some of the best interest rate deals currently available for buy-to-let remortgages.

*All of the rates and terms above are purely for example purposes, were correct at the time of writing (April 2023) and are subject to change at any time at the lender’s discretion*

Keep reading for all the details, or click on a link below to jump straight to a section…

Typical UK interest rates for a buy-to-let remortgage

To give you an idea about current rates (April 2023), they tend to range between 4.5% and 5.5%. At the moment, the mortgage market is shifting regularly. So don’t be surprised if rates move one way or the other in the coming months.

It’s important to keep in mind that some lenders will offer rates that fall outside this bracket, either higher or lower. This is especially true if you have unique personal circumstances relating to your individual finances or your particular investment property.

Here are some of the main areas that can directly (and indirectly) impact whether you can qualify for a cheap BTL remortgage with the best rates:

• The size of your deposit and loan-to-value (LTV) ratio.
• Your credit history.
• Rental income projections for the property.
• Your age.

How a broker can help you get the cheapest BTL remortgage deals

The smartest way to find and compare the best buy-to-let remortgage rates available is to enlist the help of a mortgage broker who has experience in this specific area. They’ll be able to help with:

• Identifying the right lenders who can offer the best interest rate offers for these types of remortgages
• Comparing all the different deals – including those available exclusively through buy-to-let mortgage brokers – and advise you on which is the best option for your requirements
• Preparing your application and guidance on the necessary documentation and documentary evidence, giving you the best chance of approval – first time!

If you want to discuss your BTL remortgage plans with a specialist advisor, just make an enquiry. We’ll introduce you to a skilled mortgage broker with a proven track record of securing cheap rates for clients remortgaging a buy-to-let property.

How your LTV ratio can impact your interest rate

Most lenders will have maximum LTV thresholds they want you to fall within to qualify for the best deals. Typically, the lower your LTV, the better the rates you can access and vice versa.

So, if your current LTV is above 80%-90% then you should expect to be paying higher rates for your remortgage. Any LTV at or below 60% is where you should find the best interest rates available.

Why Use Online Money Advisor

Finding the best interest rates for a buy-to-let remortgage can be challenging without some expert support. Especially in an economic environment where UK mortgage rates are moving regularly.

We offer a free broker-matching service to help you find the best deals. This involves a quick assessment of your BTL remortgage needs, then pairing you up with a specialist BTL remortgage broker.

Just call 0808 189 0463 or make an enquiry. We’ll introduce you to your ideal broker who has plenty of experience securing the cheapest buy-to-let remortgage deals and rates.