During an application for a buy to let remortgage, you’ll have the option to select a new fixed rate deal, typically over 2,3 or 5 years or move on to a variable rate deal.
What you choose and what we’ll recommend will depend on your attitude to risk, whether you are looking to make large overpayments to bring your balance down, and your view on whether rates will increase or decrease in the short term.
Once you’re on a fixed rate deal, you won’t be allowed to move to a variable rate without penalty until the new deal ends.
Many of our landlords like to have the peace of mind of a fixed rate for budgeting purposes.
If you are currently a homeowner and are looking to let out your current property, this is called a let to buy mortgage and we can help you with the full process.