News

Review our latest buy-to-let mortgage and re-mortgage options

Wednesday 19 August, 2020

If you are a buy-to-let investor requiring a commercial mortgage or you are a homeowner, wanting remortgaging advice review our mortgage options below. Contact our mortgage brokers now on 01707 872000 for expert mortgage advice.


Mortgage Option 1

£150,000 loan with a 25-year term

Fixed rate of 1.19% until 30.09.22 

Monthly Payment £148.75

Early repayment charges will apply until 30.09.22
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 £320,358.

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 30.09.22

Monthly Payment £198.33

Early repayment charges will apply until 30.09.22
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 £426,827

The illustration is based on an interest only mortgage.


Thomas Oliver provide 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:

‘It is important to note that these figures are only mortgage illustrations and the available interest rates change on a daily basis. However, they give you an idea of the excellent mortgage deals that are currently available.  The mortgage rates offered now are lower than those we advertised in 2019, as anyone taking out a mortgage now is benefiting from the reduction in base rates earlier this year. If you are considering moving home and want to organise a mortgage quickly, we recommend that you contact our Thomas Oliver mortgage brokers for expert mortgage advice.  We can review your income and expenditure and offer advice on how much you can borrow. We also regularly speak to mortgage lenders, so we know what mortgage products are available. This will save you time when you find a property. Our mortgage advisors can contact the mortgage lender and progress your mortgage application for you and liaise with your solicitor so you can complete your house purchase quickly. We work with first time buyers, anyone moving home, re-mortgaging or buyers purchasing a commercial mortgage.’

Thomas Wheatley, Mortgage Advisor in Tottenham, North London said:

‘Now the stamp duty holiday has been introduced we are getting lots of enquiries from people looking to move home or purchase a buy to let investment before 31st March 2021. If you are interested in remortgaging or purchasing a buy to let investment we will assess your own personal circumstances and provide you with a personalised mortgage illustration, so your terms may be different to those shown. Our mortgage broking team offer a free initial mortgage advice consultation so please contact one of our North London mortgage advisors on 01707 872000 as soon as possible. Remember if you are reading this after 21st July 2020 these rates are no longer available.’

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.

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