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The majority of property investors purchase a buy-to-let property will do so using a mortgage, typically covering 50% - 80% of the property's value.
PropertyData's Finance Finder tool includes a database of buy-to-let mortgages and current rates, for both individual and company borrowers.
Click the Finance Finder in the Evaluate menu, and select Buy-to-let mortgages:
You need seven pieces of information to get started:
- Select whether the borrower is an individual or limited company
- The property's value
- The deposit
- Loan term in years
- Loan amount (automatically calculated based on value/deposit)
- LTV % (also automatically calculated)
- Select whether you will repay capital & interest monthly, or interest only
The maximum LTV % is most often 75% for buy-to-let lenders – occasionally 80% is available.
Once you've entered all the information, click 'View finance options' and the results table will show shortly:
The list of lenders shown has been filtered to ensure they offer mortgages meting your criteria.
The table shows headline interest rate and calculated monthly payment, as well as one-off fees at the beginning of the mortgage.
Remember, the exact interest rate the lender will offer you will depend on your circumstances.
Click 'Check eligibility' if you'd like a dedicated advisor from our partner b2bfinance.com to help you investigate the right finance options for you.
