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Compare Interest Only Buy To Let Mortgage Rates. Deals from leading UK lenders including mortgages for over 65s. Use our enquiry form below if you require advice on your options. Some lenders allow you to borrow up to age 90 on an interest only basis.

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Call NatWest 0800 096 7889
NatWest logo
Fixed Jun-2023 From NatWest
Initial rate 1.60% Jun-2023
Maximum LTV 60%
Overall cost of comparison 3.7% APRC
See deal
Call Virgin Money 0330 057 1528
Virgin Money logo
Fixed May-2024 From Virgin Money
Initial rate 1.71% May-2024
Maximum LTV 60%
Overall cost of comparison 4.2% APRC
See deal
Call Virgin Money 0330 057 1528
Virgin Money logo
Fixed May-2023 From Virgin Money
Initial rate 1.71% May-2023
Maximum LTV 60%
Overall cost of comparison 4.3% APRC
See deal

Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.

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Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.

This comparison simply includes all mortgage services

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Compare Interest Only Mortgage Quotes!

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Mortgages Direct provides an independent mortgage quotes and advice service. When you submit this form you will be contacted by a regulated mortgage adviser to discuss your options.

Buy To Let Mortgage Best Buys

5 Year Fixed Interest Only Offer:


  • Initial Rate: 1.88% APR
  • Maximum LTV: 60%

Overall Cost For Comparison 3.3% APRC

Call RBS Free on 0800 068 7706

How much can I borrow

A body of the Bank of England, the Prudential Regulation Authority, introduced new regulations that govern the buy to let mortgage market. As a result lenders view applications differently than in years’ past. Lenders now have to use a strict income stress test, require a rental coverage ratio of at least 145% and will review the applicant’s property portfolio.

Find out how much you could borrow with our mortgage table above.

How to calculate mortgage repayments

Our buy to let mortgage calculator can help you find out how much you can borrow and plan how much you can afford to pay each month.

The buy to let mortgage calculator will produce the best mortgage deals on the market, once you do the following:

  • Provide the purpose of your mortgage
  • Enter the value of the property
  • Input the amount you wish to borrow
  • Choose the type of mortgage you want
  • Indicate your preference on capital and interest or interest only mortgage
  • Decide on the length of mortgage

What is a fixed rate mortgage

If you want to have a set rate of interest for an agreed period of time, you may want to take out a fixed rate buy to let mortgage. You can usually secure a set interest rate for 2,3,5 or 10 years through the majority of high street banks.

Ensuring your mortgage interest rate remains the same for the first few years of your mortgage could be an appealing option. However, the interest rates could change during your fixed rate period, which could mean you end up paying more in interest than you have to. In the event the interest rates do change dramatically, a good interest rate now may not be as beneficial half way through your fixed term.

What is a tracker rate mortgage

If you are confident that the Bank of England’s base interest rate will remain low, you may want to take out a tracker mortgage; this is because tracker mortgages’ interest rates are determined by the Bank of England’s base rate.

Repayment or interest only

Repayment mortgages are mortgages that require you to pay both the capital and the interest of the mortgage each month. These mortgages usually have higher monthly mortgage payments, but do allow you to repay the mortgage in full at the end of the term.

If you are not concerned with owning the property at the end of the mortgage, then an interest only mortgage may be a good fit for you. This is because interest only mortgages only require you to pay the mortgage’s interest each month; the monthly payments are much lower as a result of this.

Making overpayments

Making overpayments on your mortgage could allow you to repay your mortgage quickly.

However, not all lenders are prepared to accept overpayments on a mortgage. It is not uncommon for some lenders to charge early repayment charges if you make overpayments.

If you want to explore your mortgage options, it is a good idea to speak to an independent mortgage broker who will be able to offer impartial advice.

Latest news

Mortgage Rates Set To Fall - Is It A Good Time To Remortgage?

In response to the coronavirus outbreak in the UK, the Bank of England has dramatically cut their base rate from 0.75% to 0.1% which is considered to be an emergency measure to help support the economy through the financial disruption caused by the spread of the Covid-19 virus. How will this move impact your mortgage...

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