80% LTV buy to let mortgages

80% mortgages offer more choice and cheap rates

80% mortgages offer more choice and cheap rates

The 80% mortgage range is the second most popular mortgage product behind the 85% range for first time landlords and new investors as it allows you to purchase an investment property with a 20% deposit. Unlike the 85% range their are more lenders offering loans within this category and more choice to choose from.

You’ll also find that the rates charged are cheaper and the arrangement and set up fees are smaller too. The more of the deposit you have the better and cheaper deal you’ll get!

As with any type of mortgage you should factor in the cost of stamp duty, letting agency fees, and any costs associated with getting the property to a rentable standard. Letting agency fees are in the region of 5-6%.

What lenders are available?

As more and more lenders come to the market with new products almost weekly it is diffilcult to for small brokers like myself to keep track of the mortgage rates and changes as they happen. There are a range of online resources that offer online comparison and allow you to track and compare lenders and mortgages side-by-side. The comparison search at lending expert allows you to see all the current 80% mortgage deals and allows you to vary the loan to value to meet your needs too.

Get a quote and advice

If you need a mortgage or simply wish to get some friendly advice then please do get in touch.