LenderInitial RateInitial PaymentReverting RateTotal FeesTypeOverall Cost for ComparisonInitial Period (months)Early Repayment Charge2 Year Total CostTotal Amount Payable Over Term
4.13%£1,203.849.44%£7,050Fixed8.9% APRC26m26m£36,041£559,128
4.19%£1,211.367.80%£11,268Fixed7.9% APRC24m24m£40,421£502,227
4.58%£1,260.868.12%£2,183Fixed6.8% APRC64m64m£40,640£475,324
4.62%£1,266.009.74%£1,595Fixed7.7% APRC62m62m£40,658£525,953
4.84%£1,294.448.24%£3,530Fixed7.6% APRC39m39m£40,068£503,441

LenderInitial RateInitial PaymentReverting RateTotal FeesTypeOverall Cost for ComparisonInitial Period (months)Early Repayment Charge2 Year Total CostTotal Amount Payable Over Term
4.13%£1,203.849.44%£7,050Fixed8.9% APRC26m26m£36,041£559,128
4.19%£1,211.367.80%£11,268Fixed7.9% APRC24m24m£40,421£502,227
4.58%£1,260.868.12%£2,183Fixed6.8% APRC64m64m£40,640£475,324
4.62%£1,266.009.74%£1,595Fixed7.7% APRC62m62m£40,658£525,953
4.84%£1,294.448.24%£3,530Fixed7.6% APRC39m39m£40,068£503,441

LenderInitial RateInitial PaymentReverting RateTotal FeesTypeOverall Cost for ComparisonInitial Period (months)Early Repayment Charge2 Year Total CostTotal Amount Payable Over Term
6.04%£1,455.188.24%£2,030Tracker8.1% APRC27m27m£38,128£519,578
6.19%£1,475.928.12%£1,183Tracker8.1% APRC24m0m£36,705£516,506
6.35%£1,498.199.44%£1,295Tracker9.1% APRC26m26m£36,851£568,119

This table is based on a BTL property value of £300,000 and a mortgage secured against that property of £225,000 (assuming no fees added), with an expected monthly rental income of £1,000. This is calculated on a capital & repayment basis (repayment mortgage) over a term of 25 years (300 monthly payments).
Source: Mortgage Brain. This information was last revised on 12 Jul 2024 at 03:55 hours
Disclaimer: This information does not contain all of the details you need to choose a mortgage. Interest rates can fluctuate and this could affect the amount payable by yourself.