News

Thomas Oliver offer Buy-to-let Mortgage & Re-mortgage options

Thursday 13 December, 2018

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

Mortgage Option 1

£150,000 loan with a 25 year term

Fixed rate of 1.49% until 31.01.21 

Monthly Payment £186.25

Early repayment charges will apply until 31.01.21
The overall cost for comparison is 4.5% APRC

For an interest only mortgage you would pay 25 payments at a cost of 1.49% with monthly payments of £186.25, followed by 275 payments at a variable rate which is currently 4.74% with monthly payments of £592.50. Total amount payable £320,039.


Mortgage Option 2

£200,000 loan with a 25 year term

Fixed rate of 1.49% until 31.01.21

Monthly Payment £248.33

Early repayment charges will apply until 31.01.21
The overall cost for comparison is 4.5% APRC

For an interest only mortgage you would pay 25 payments at a cost of 1.49% with monthly payments of £248.33, followed by 275 payments at a variable rate which is currently 4.74% with monthly payments of £790.00. Total amount payable £425,968.


Vishal Gulrajani, Mortgage Broker in Goff’s Oak & Cheshunt, Hertfordshire said: ‘Thomas Oliver’s mortgage brokers offer mortgage advice for anyone looking to purchase a buy-to-let property or who is looking to re-mortgage. The above options are illustrations only and the available interest rates change daily.  If anyone wants us to provide a mortgage quotation we would always review their personal circumstances first to ensure we offer them the right mortgage product. For up to date product information please call our mortgage broking team on 01707 872000.’

Thomas Oliver has recently provided illustrative information above. Please note that the actual rate available will depend on your circumstances and Thomas Oliver would provide you with a personalised illustration at the time of your enquiry which may differ from the information shown. Please note that if you are reading this after 7th December 2018 it is possible that 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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