LenderInitial RateInitial PaymentReverting RateTotal FeesTypeOverall Cost for ComparisonInitial Period (months)Early Repayment Charge2 Year Total CostTotal Amount Payable Over Term
1.34%£883.044.49%£995Variable3.9% APRC29m29m£24,374£355,462
1.46%£895.635.50%£2,203Fixed4.9% APRC27m27m£27,995£390,885
1.79%£930.843.35%£1,534Fixed2.8% APRC63m63m£34,623£314,528
1.79%£930.844.09%£1,510Fixed3.8% APRC25m25m£24,045£348,645
1.88%£940.585.59%£1,034Fixed4.6% APRC27m27m£27,163£384,071

LenderInitial RateInitial PaymentReverting RateTotal FeesTypeOverall Cost for ComparisonInitial Period (months)Early Repayment Charge2 Year Total CostTotal Amount Payable Over Term
1.46%£895.635.50%£2,203Fixed4.9% APRC27m27m£27,995£390,885
1.55%£905.154.49%£1,495Fixed4.0% APRC29m29m£26,209£357,093
1.79%£930.843.35%£1,534Fixed2.8% APRC63m63m£34,623£314,528
1.79%£930.844.09%£1,510Fixed3.8% APRC25m25m£24,045£348,645
1.88%£940.585.59%£1,034Fixed4.6% APRC27m27m£27,163£384,071

LenderInitial RateInitial PaymentReverting RateTotal FeesTypeOverall Cost for ComparisonInitial Period (months)Early Repayment Charge2 Year Total CostTotal Amount Payable Over Term
2.19%£974.624.60%£2,016Tracker4.3% APRC24m0m£25,407£368,006
2.60%£1,020.764.59%£300Tracker4.3% APRC24m24m£24,878£368,288

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 29 Nov 2021 at 04:44 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.