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
Gulay Dugunyurdu, Mortgage Broker in Enfield & 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.’
Gulay Dugunyurdu, mortgage broker in Enfield 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.
