Every one is looking for the lowest buy to let mortgage rate available. Now more than ever it's important to regularly review your mortgage. But in isolation the lowest mortgage rate for your buy to let purchase may not always be the best option for you. For example there is little value in a low rate that ties you to a mortgage for five years if the low rate is "introductory" and ends in twelve months. The best mortgage is not just the lowest rate but one that ticks as many boxes as possible.

 

More About Low Rates

That said, once we have considered all other factors and your future needs we will always look to provide a you with a low rate mortgage. Being independent rather than tied to one source of lending means we have the freedom to search the market and compare rates as well as terms, arrangement fees, early redemption and many other critical considerations. Comparison sites can give you a feel for the various products available but the variables they compare are going to be limited and can not completely take account of the intricacies of your personal requirements as they stand now AND importantly looking towards the future. A good deal today could be disasterous further down the road.

 

Consider This . . .

For example, suppose you find three comparitively good deals on a comparison site. The each have a low interest rate. They all have 80% loan to value lending. Finally they all have the same arrangement fee. So its just a case of choosing one right?

Well not quite. What the comparison site couldnt know was that running your own business is not straighforward for you. Your work is seasonal and February to May are not great for you in terms of cash flow. And in three years you intend to retire and move to Spain.

The three top choices it offered also have five year tie-ins and the rates are introductory. So in the long term perhps a mortgage with a slightly higher rate but no tie-in and holiday periods (where you can miss some payments) might be the best option for you.

 

After All It's Just a Machine

For some things you need to be human!

For personal advice and service call us or if you are too busy to call right now, use our on-site three step initial enquiry form and tell us when it's convenient to call you another day.

 

Ensuring you of our best intentions at all times

 

 

HMS
Hayes Mortgage Solutions

 

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