fbpx

Mortgage Advice Experts

Menu
  • Home
  • Videos
  • Mortgage Calculators
  • Residential
    • Mortgage Deals
    • First Time Buyer
    • Remortgage
    • Right to Buy Mortgage
    • Bad Credit Mortgage
    • Self Employed
    • High Income Multiple
    • Help To Buy Mortgage
    • Gifted Deposit
    • Foreign Nationals
    • Debt Consolidation
    • Equity Release
    • Close
  • Buy to Let
    • Buy to Let Mortgage Deals
    • Buy to Let Tips
    • BTL 80% Loan to value
    • Buy to let Remortgage
    • Let to Buy
    • HMOs
    • Buy to Let with Bad Credit
    • Limited Company
    • Portfolios
    • Holiday Lets
    • Ex Pats
    • Rent to Family Memeber
    • DSS Tenants
    • Into Retirement
    • Foreign Nationals
    • Inherited Property
    • Close
  • Bridging Loans
    • Commercial Mortgage Tips
    • Bridging Loans Explained
    • Why use Bridging Finance
    • Bridging Finance Rates
    • Auction Finance
    • Auction Finance Rates
    • Non Standard Commercials
    • Development Finance
    • Close
  • Protection
    • Will Writing Service
    • Probate Services
    • Close
  • Testimonials
  • About Us
    • Why Niche Advice
    • Our Fees
    • Testimonials
    • Blog
    • Join our Team
    • Privacy Notice
    • Terms and Conditions
    • Close
  • Contact Us
You are here: Home / Mortgages / Buy to let 5 year fixed Mortgage / 5 year fixed Buy to Let Mortgage for under 2%

by Payam Azadi

5 year fixed Buy to Let Mortgage for under 2%

5 year fixed Buy to Let Mortgage

5 Year Fixed Buy to Let 1.94%

It’s rare that I write on excellent mortgage products, such as this stonking 5 year fix, but this one is so good I had too. Why, well first off it’s under two percent which is highly competitive but also because it has a flat lender arrangement fee rather than a percentage based one – and it’s from The Mortgage Works stable.

The Mortgage Works, is the buy to let a specialist division of the Nationwide Group and is well likely by landlords and mortgage brokers due to its straight-forward approach to underwriting. The concentrate predominantly on buy to let coverage rather than on background earned income or occupation of the applicant.

Low 5 year fixed Buy to Let Mortgage:

  • 1.94% fixed to until 30/9/2024
  • Lender arrangement fee £1,995
  • Up to 50% loan-to-value for purchases and remortgages
  • For full details click here

There are also rate options for higher loan-to-values.

Criteria Highlights of The Mortgage Works:

  • Remortgages for non-residential mortgage holders
  • Let to Buys
  • No minimum earned income
  • No minimum trading period for the self employed
  • Retired applicants
  • Terms of up to 35 years
  • Currently there are Product transfers options at the end of the initial benefit period (subject to status at the time).

How does The Mortgage Works rental assessment compare to other lenders?

This is an area in which they sit in the pack. There are more generous buy to let lenders for rental calculations.

For example, for high rate tax payers:

  The Mortgage Works (minimum rent needed) Other lenders (minimum rent needed)
To borrow £150,000 £816 £700
To borrow £250,000 £1,360 £1,167
To borrow £350,000 £1,904 £1,633

Niche Advice arranges competitive buy to lets including mortgages on 5 year fixed Buy to Let Mortgage

View full product information
Payam Azadi

Author: Payam Azadi

Payam Azadi is a partner at Niche Advice who are whole of the market Independent Mortgage Brokers. His role is very much focused on Property financing both on residential and commercial lines. To get in contact with him please click here.
Twitter Facebook Linkedin

Filed Under: Buy to let 5 year fixed Mortgage

Proud to be sponsors

Personal Name or Limited Company?

https://www.youtube.com/watch?v=mtzmiikdpdI&t=110s

Contact Us

Our Fees

Why Niche Advice

Mortgage Deals

Tools / Calculators

Latest News / Blog

Free Credit Report from checkmyfile

Try it FREE for 30 days, then £14.99 a month - cancel anytime
Payam Azadi

Time to Fix your Mortgage Express Rosinca Mortgages Buy-to-let Trackers:

It may be time to come off the Tracker rates of Mortgage Express Rosinca Mortgages Is now the right time to switch your buy-to-let mortgage from Mortgage Express (Rosinca Mortgages) variable … [Read More...]

Payam Azadi

Student Let Mortgage for Landlords

Student Let Mortgage products explained for new and existing Buy to Let landlords within the student accommodation sector. How we can help? Access to the Whole of Market Totally Independent from … [Read More...]

Payam Azadi

Buy To Let Foreign Nationals Tier 1 Tier 2 Visa

Personal names and Limited Company Buy To Let Mortgage for Foreign Nationals In this article, I explore the options for foreign national buy to let mortgages.The text is aimed at mortgage … [Read More...]

Choosing the right Solicitor for your limited company buy to let mortgage

Should I take the free legal scheme offered by my mortgage provider?

Mortgage Conveyancing explained

AS A MORTGAGE IS SECURED AGAINST YOUR HOME OR PROPERTY, IT COULD BE REPOSSESSED IF YOU DO NOT KEEP UP THE MORTGAGE REPAYMENTS.

If you are thinking of consolidating existing borrowing you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.

Niche Advice Limited is a Credit Broker and does not lend money directly to clients. Niche Advice Limited is authorised and regulated by the Financial Conduct Authority. FCA Number: 750263.

Commercial Buy-to-Let and commercial mortgages are not regulated by the Financial Conduct Authority.

Our Fees

Click here for our fees structure. A full detailed fee plan will accompany all our quotes.

Niche Advice Limited has a commercial arrangement under an affiliate programme with Check My File and is remunerated for referrals.

Terms and Conditions

If you wish to register a complaint, please write to us on the details below or call us on: 020 7993 2044.

Correspondence Address: Niche, Unit F6, The Addington Business Centre, Vulcan Way, New Addington, Surrey CR0 9UG.

A summary of our internal complaints handling procedures for the reasonable and prompt handling of complaints is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at www.financial-ombudsman.org.uk or by contacting them on 0800 0234567.

Site Terms and Conditions
Customer Privacy Notice

niche youtube

CONTACT NICHE ADVICE
Tel: 020 7993 2044

Registered Office: Niche, Unit F3, The Addington Business Centre, Vulcan Way, New Addington, Surrey CR0 9UG. Registered in England & Wales. Company registration number: 06599033.

Members of The Financial Intermediary & Broker Association - Number SBS36389

logo

© 2022 · Niche Advice Limited · Site Designed by Niche Advice Design Team

Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}