News

Looking for a Buy-to-let or re-mortgage option? Review our mortgage rates

Monday 22 March, 2021

Review our mortgage options for buy-to-let investors requiring a commercial mortgage or homeowners, wanting remortgaging advice. Call our qualified Thomas Oliver mortgage brokers now on 01707 872000.


Mortgage Option 1

£150,000 loan with a 25-year term

Fixed rate of 1.19% until 31.05.23 

Monthly Payment £148.75

Early repayment charges will apply until 31.05.23
The overall cost for comparison is 4.5% APRC

For an interest only mortgage you would pay 26 payments at a cost of 1.19% with monthly payments of £148.75, followed by 274 payments at a variable rate which is currently 4.74% with monthly payments of £592.50. Total amount payable £319,663.

The illustration is based on an interest only mortgage.


Mortgage Option 2

£200,000 loan with a 25-year term

Fixed rate of 1.19% until 31.05.23

Monthly Payment £198.33

Early repayment charges will apply until 31.05.23
The overall cost for comparison is 4.5% APRC

For an interest only mortgage you would pay 26 payments at a cost of 1.19% with monthly payments of £198.33, followed by 274 payments at a variable rate which is currently 4.74% with monthly payments of £790.00. Total amount payable £426,132

The illustration is based on an interest only mortgage.


Please note that if you are reading this after 3rd March 2021 please contact the Thomas Oliver mortgage broking team on 01707 872000, as the Illustration rates will have changed.


Thomas Oliver provides the following services in relation to buy-to-let mortgages and re-mortgages:

  • Mortgages
  • Remortgages
  • Product Transfer
  • Further Advances
  • Interest Only Mortgages
  • Repayment Mortgages
  • Variable Mortgages
  • Tracker Mortgages
  • Fixed Mortgages

Vishal Gulrajani, Mortgage Broker in Goff’s Oak & Cheshunt, Hertfordshire said:

‘Following the reduction in base rates in 2020 the illustrated mortgage rates we currently offer anyone remortgaging or wanting to purchase a buy to let investment are lower than in previous years. Please remember if you are reading this after 3/3/21 to call our Thomas Oliver mortgage broking team on 01707 872000 for up-to-date mortgage rates. We recommend that you contact our mortgage advisors as early as possible, at least a few months before your mortgage renews, so we can organise your remortgage or buy to let mortgage in plenty of time. Our qualified mortgage brokers can provide mortgage advice and review the mortgage market to find the best mortgage deal for your personal circumstances, saving you time and money.’

Vishal Gulrajani, financial planner and mortgage broker in North London and Hertfordshire continued:

‘As we come out of lockdown more people are contacting us for mortgage advice. Many people have delayed house hunting because of the pandemic and many first-time buyers are being encouraged to look for property now the stamp duty holiday has been extended to the end of June 2021. We offer a free initial consultation to all first-time buyers, anyone wanting to move home, remortgage or purchase a buy to let investment. We recommend that you always contact our mortgage brokers before you go house hunting as we can review your income and expenditure and let you know approximately how much you can borrow. To find out how we can currently offer you mortgage advice over the phone or via video conferencing, contact our mortgage broking team now on 01707 872000.’

Your property may be repossessed if you do not keep up repayments on your mortgage. Thomas Oliver UK LLP are appointed representatives of Openwork Limited which is authorised and regulated by the Financial Conduct Authority.

Get expert advice from your local Financial Adviser today

Complete our quick enquiry form or
call our advisers on
01707 872 000

The internet is not a secure medium and the privacy of your data cannot be guaranteed.
Tick this box if you do not want your details to be stored, which may then be used for marketing purposes.