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It’s more important than ever to find the best Buy to Let mortgage rates. We look at the best Buy to Let mortgage rates in April 2025 and what you can do if you’re worried about increased mortgage costs.
So what’s happening with the best Buy to Let mortgage rates in the UK in April 2025? We’ve seen rates on fixed rate and variable rate Buy to Let mortgages nudge down slightly this month.
The best rate available on a 2 year fixed rate Buy to Let mortgage remains the same as last month. But the deal is from West One and comes with eye-watering fees of 9.99%. So it’s more important than ever to get expert advice on Buy to Let mortgages to make sure you get the best deal overall
However, mortgage rates have been volatile recently and noone knows for sure what’s next for Buy to Let mortgage rates which is another reason to get expert advice.
Get fee-free remortgage advice from our partners at L&C. Use the online remortgage finder or speak to an advisor today.
Looking at average rates can give you a general idea of what’s happening in the market, but in order to crunch the numbers you’ll want to find the cheapest deal available. That’s where this page comes in handy. Updated regularly, it sets out the best Buy to Let mortgage rates now so you can compare what’s out there.
| LTV | Lender | Initial rate | Fees |
|---|---|---|---|
| 65% | West One | 2.29% | 9.99% |
| 70% | West One | 2.39% | 9.99% |
| 55% | CHL Mortgages | 2.67% | 7% |
| LTV | Lender | Initial rate | Fees |
|---|---|---|---|
| 65% | BM Solutions | 3.93% | 3% |
| 65% | The Mortgage Works | 3.94% | 3% |
| 60% | HSBC (Remortgage only) | 3.94% | £3,999 |
You may also want to compare the best Buy to Let mortgage rates for fixed deals vs variable.
| LTV | Lender | Initial rate | Fees |
|---|---|---|---|
| 65% | The Mortgage Works (Remortgage only) | 4.59% | 3% |
| 75% | Newbury Building Society (1.75% discount for 3 years) | 4.65% | £1,200 |
| 75% | Newbury Building Society (1.75% discount for 5 years) | 4.65% | £1,200 |
Read our guide explaining Buy to Let Mortgages, for everything you need to know about Buy to Let mortgages. But for what to do in the face of higher Buy to Let mortgage rates, read on.
Buy to Let mortgage rates are expected to drop in 2025 due to the expectation that interest rates will continue to be cut this year. However, experts warned in March 2025 that mortgage rates may stay higher for longer due to stubbornly high inflation.
The Office for Budget Responsibility had previously forecast that inflation would average 2.6% this year but Chancellor Rachel Reeves confirmed in her Spring Statement it’s now set to average 3.2%, leading to predictions that interest rates will fall more slowly. Read more in our guide on mortgage rate predictions.
So the key message is to be fully informed so that you can make the best decision for you. And the easiest way to do this is to speak to a fee-free mortgage broker.
With Buy to Let mortgage rates in the UK much more expensive than in previous years, if you’re a landlord with a mortgage, you may be facing increased mortgage costs. Here are your options:
It’s more important than ever to make sure you’re on the right mortgage; find the best Buy to Let mortgage rates by speaking to a fee-free mortgage broker.
When you remortgage your Buy to Let, you’ll need to consider what type of Buy to Let mortgage (BTL mortgage) you want. If you want financial security you may opt for a fixed deal, however while this means you won’t pay more on your mortgage if interest rates increase, similarly you won’t pay less if interest rates fall. Or you might prefer to take out a variable rate mortgage, in the hope that your repayments may reduce in the future if that base rate falls further.
Some 30% of landlords have either sold one of their rental properties or put one on the market in the past year, while a further 17.4% of landlords said they were considering reducing their portfolio in the coming year, according to research from Goodlord and Vouch.
So if your Buy to Let mortgage costs are now too expensive, you may decide to cash in and sell up.
Traditionally, there have been two main options for doing this:
However, there is a third option that may offer the best of both worlds from our partner, Flyp, which enables you to earn rental income while you sell your home.
Flyp aim to boost your income by finding a short-term let while it’s on the market for sale so you earn cash as you sell. They also manage viewings and ensure the property is clean and viewing-ready at all times.
See how our partners, Flyp, can help you earn rent and get your property sold.
Flyp’s service may be an option to consider to help you to continue to earn rent and sell at the same time. Their selling service also provides access to multiple agents at a sole agency fee, so they are worth comparing against other local estate agents.
You may find getting a short-term let while you sell is a better alternative to using quick house sale firms, which some landlords use if they want to shift a property quickly because they don’t want it sitting empty during a potentially long-drawn out sales process. However these firms often only pay you 75%-80% of the value of the property, and there are other potential downsides too.
If your Buy to Let mortgage has become more expensive you may want to review the rent you are charging and increase your tenant’s rent – especially if your mortgage payments and other costs are now higher than the rent you receive.
You’ll of course need to follow certain rules if you want to raise rents and these depend on the type of tenancy your tenants have. You may need your tenant’s agreement to increase the rent during a fixed term tenancy agreement.
And even if you can increase rents it may not be prudent or in some cases ethical, to increase rents dramatically. However if you are struggling to cover your costs, it may be your only option. To review the amount of rent you are charging, a good place to start is our instant rent calculator.
Find out how much you can rent your house out for with our free, instant rent calculator
If your mortgage rate hasn’t gone up yet, you could prepare by building up your cash reserves as much as possible now in advance of your mortgage deal coming to an end and being hit with new, higher Buy to Let mortgage rates in the UK.
You could also take this opportunity to consider your future plans. It may be that for a period of time you can take the hit on rising mortgage costs and protect your tenants from increased prices. They are ultimately your customers. Good tenants are hard to come by and you may be more willing to absorb the increased costs and a lower return in the short term to keep them in situ.
And when the market starts to settle and look more positive it’s likely there will be opportunities for landlords. You may find properties selling at a discount that could make a good long term investment.
Low rates have meant attractive yields for many landlords in recent years. But no business model is guaranteed to give you good returns every year. When other types of businesses face rising overheads, business owners may have to accept less profit or put their own money into the business.
Just like when you apply for a traditional mortgage, when you apply for a Buy To Let mortgage, the lender will check your credit reports. So to access the best Buy to Let mortgage rates possible, make sure you check them first and ensure everything contained in them is correct. If there are any errors, get these corrected. The best Buy to Let mortgage rates are often reserved for those with large deposits too.
But don’t only look at the best Buy to Let mortgage rates, you’ll need to take into account arrangement fees too. Another benefit of speaking to a fee-free mortgage broker is that they’ll crunch the numbers for you to find you the best deal.
When you remortgage your Buy to Let, you’ll need to consider what type of Buy to Let mortgage (BTL mortgage) you want. If you want financial security you may opt for a fixed deal, however while this means you won’t pay more on your mortgage if interest rates increase, similarly you won’t pay less if interest rates fall. Or you might prefer to take out a variable rate mortgage, in the hope that your repayments may reduce in the future if that base rate falls. Read our guide on remortgaging a buy to let for more information.
While lenders may vary in their eligibility criteria for a buy-to-let mortgage, you have to be 21 or over, have a good credit score, and some lenders will require a minimum income of usually around £25,000. You’ll also need to have a good deposit.
Buy to let mortgages work in a similar way to standard residential mortgages, except you’ll usually need a larger deposit. Many lenders offer 95% mortgages if you’re buying a home to live in but with Buy to Let mortgages your deposit will usually need to be at least 20%. How much you can borrow also depends on the rental income you expect. For more details, read our guide Buy To Let Mortgages explained.
This depends on how much you’re expecting to earn in rental income. Typically, lenders will want your expected rental income to meet at least 125% of the monthly interest payments on the loan.
Most Buy To Let mortgages are interest-only. This means you’ll only pay the interest each month. And at the end of the term you’ll need to repay the original loan in full. For more details, read our guide Buy To Let Mortgages explained.
If you can afford to buy the property outright or have affordable mortgage payments, and you plan to keep the property in the long-term, then you may find Buy to Let is still a good investment.
However, expect to pay more stamp duty: in the October 2024 budget, the Chancellor announced an increase in the Stamp Duty Land Tax for those buying second homes, buy-to let and companies buying residential property from 3% to 5% from 31st October 2024.
But if you’re worried about increased Buy to Let mortgage rates (BTL mortgage rates), Buy to Let may be less appealing. Find out more in our guide Buy to Let mortgages explained.
Buy to Let mortgages often have higher rates and can have higher arrangement fees too. Find out more in our guide Buy to Let mortgages explained
HomeOwners Alliance Ltd is registered in England, company number 07861605. Information provided on HomeOwners Alliance is not intended as a recommendation or financial advice. Mortgage service provided by London & Country Mortgages (L&C), Unit 26 (2.06), Newark Works, 2 Foundry Lane, Bath BA2 3GZ, authorised and regulated by the Financial Conduct Authority (FRN: 143002). The FCA does not regulate most Buy to Let mortgages. Your home or property may be repossessed if you do not keep up repayments on your mortgage. If you complete on a mortgage through L&C, L&C will be paid a commission by the chosen lender. L&C will share a percentage of this commission with HomeOwners Alliance, the referring third party. The commission L&C receives doesn’t affect the product or rate recommended to you.
