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CHEAPEST BUY TO LET MORTGAGES

 

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Cheapest buy to let mortgages for houses of multiple occupancy.

 

For some landlords, renting property by the room to professionals or students is an excellent way of driving up the profitability of a property. If you are looking for mortgage finance for your house of multiple occupancy, the table below highlights some of the options available on the market.

 

The cheapest buy to let mortgage for your house of multiple occupancy will depend on your personal circumstances, your deposit available, your property and your investment objectives. All figures are correct as at March 2010 and are based on a loan size of £150,000:

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Initial rate / Term Maximum
Loan to value
Minimum
monthly
cost
Reversionary rate Early Repayment Charges  
4.34% tracker to 31/05/11 65% £542.50 4.99% (variable rate) 3% to 31/05/11 Apply online.
4.39% fixed to 31/05/11 65% £548.75 4.99% (variable rate) 5% to 31/05/11 Apply online.
5.00% lifetime tracker 60% £625.00 N/A up to 5% for 5 years
1% thereafter
Apply online.
5.89% fixed to 31/05/12 65% £661.25 4.99% (variable rate) 5% to 31/05/12 Apply online.
7.99% fixed for 3 years 85% £998.75 N/A up to 6% for 3 years Apply online.

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