Switch remortgage deals effortlessly on your buy to let

Remortgaging a buy to let property online has never been so simple
excellent Trustpilot review
remortgaging buy to let property online

Switch remortgage deals effortlessly on your buy to let

Remortgaging a buy to let online has never been so simple.

excellent Trustpilot review

Explore our range of remortgage deals

Competitive deals for individuals and limited companies.

Up to 80% LTV

Remortgage any buy to let property where you own at least 20% equity.

2-5 year fixed rates

Guarantee your monthly outgoings so you can plan years into the future

Borrow more

Get a new deal on your property and borrow more from its increase in value

LTDs are A-OK

Switch to a new deal using a Limited company for maximum tax efficiency

Browse our remortgage rates

The mortgage calculations below are based on a loan amount of £150,000 with 75% LTV. For a personalised illustration, please visit our buy to let rates page.

2 Year Fixed

2.70%

Monthly payment
£338
Product fee
1.00%
£1,500
True cost £9,600

LOAN DETAILS

  • Initial rate term
    24 months
  • Loan amount
    £200,000
  • Mortgage term
    25 years
  • Follow-on rate
    5.09%
This is a variable rate made up of: a fixed rate of 4.31% above the 3 month Libor rate (currently 0.78%)

Payments

  • True cost
    £4706.66
  • Initial monthly payment
    60 x £706.66
  • Followed by
    240 x £825
  • Total amount to be repaid
    £441,039.6
  • Total interest payable
    £240,399.6
  • APRC
    4.81%

Product cost and fees

  • Product fee
    1.0% of loan
    (£1,275)
This fee is payable before we complete your loan. In some instances you may be able to add the fee to your loan
  • Legal Fees
    £395
This is an indicative fee based on a BTL purchase by a limited company with a loan amount up to £250,000, on a dual representative basis. You may choose to use your own solicitor instead, but you will need to pay an additional fee for our legal work. What legal fees will I pay?

Note: If you’re applying as a company, we require you to take Independent Legal Advice (ILA)

  • Valuation fee
    £395
You might need to pay for a physical valuation of the property (this fee is only indicative)

Early repayment charges

We apply these charges when you pay above the overpayment allowance for this mortgage
  • Year 1
    5%
  • Year 2
    4%
  • Redemption fee
    £100
We only charge this if you pay off your mortgage early or change lender
  • Overpayment
    10.00%
We only charge this if you pay off your mortgage early or change lender

Additional features

  • Cashback
    £500
This is valid until DD Month YYYY. Cashback will be paid within 30 days of mortgage completion.

5 Year Fixed

2.75%

Monthly payment
£344
Product fee
1.00%
£1,500

True cost
£22,125

LOAN DETAILS

  • Initial rate term
    24 months
  • Loan amount
    £200,000
  • Mortgage term
    25 years
  • Follow-on rate
    5.09%
This is a variable rate made up of: a fixed rate of 4.31% above the 3 month Libor rate (currently 0.78%)

Payments

  • True cost
    £4706.66
  • Initial monthly payment
    60 x £706.66
  • Followed by
    240 x £825
  • Total amount to be repaid
    £441,039.6
  • Total interest payable
    £240,399.6
  • APRC
    4.81%

Product cost and fees

  • Product fee
    1.0% of loan
    (£1,275)
This fee is payable before we complete your loan. In some instances you may be able to add the fee to your loan
  • Legal Fees
    £395
This is an indicative fee based on a BTL purchase by a limited company with a loan amount up to £250,000, on a dual representative basis. You may choose to use your own solicitor instead, but you will need to pay an additional fee for our legal work. What legal fees will I pay?

Note: If you’re applying as a company, we require you to take Independent Legal Advice (ILA)

  • Valuation fee
    £395
You might need to pay for a physical valuation of the property (this fee is only indicative)

Early repayment charges

We apply these charges when you pay above the overpayment allowance for this mortgage
  • Year 1
    5%
  • Year 2
    4%
  • Redemption fee
    £100
We only charge this if you pay off your mortgage early or change lender
  • Overpayment
    10.00%
We only charge this if you pay off your mortgage early or change lender

Additional features

  • Cashback
    £500
This is valid until DD Month YYYY. Cashback will be paid within 30 days of mortgage completion.

Check your eligibility

Find out if you meet our full lending requirements before applying

Buy-to-let mortgage or remortgage only

We don't yet offer residential mortgages or consumer Buy to Let.

Property must be in England or Wales

We don’t yet provide mortgages for properties in Scotland or NI.

Up to 80% Loan to Value (LTV)

We currently only lend up to 80% LTV, meaning you'll need a 20% deposit.

Remortgage and borrow more

If you need to borrow more we currently lend up to 75% of property value.

Special Purpose Vehicles (SPV) limited companies only

Must be a Real Estate SPV registered within England or Wales.

The SIC code must be one of the following:

64305, 64910, 68100, 68209, 68310, 68320. No other SIC codes will be accepted.

Maximum of 4 directors or shareholders

Each director or shareholder must provide a full personal guarantee.

Learn more about remortgaging a buy to let property

Get the lowdown on all things buy-to-let, from mortgages to renting out your property

Switching to a new buy to let mortgage deal could save you money or allow you to borrow more.

Just like a residential mortgage, you can remortgage a buy to let property with Molo online. The process is simple and can be as quick as a few days.

Buy to let mortgages can be remortgages, just like a residential mortgage.

Usually, you’ll want to consider remortgaging at the end of your initial period and avoid a lender’s higher Standard Variable Rate.
Remortgaging sooner could incur early exit fees, and you may lose more than you gain by remortgaging.

Buy to let remortgages work the same way as residential ones.

At Molo, we’ll ask you to provide some information via our simple online form. You’ll be able to choose the mortgage deal you’d like to apply for, which we’ll then approve if happy with your application.

Remortgaging a buy to let property could be worth it if:
– You want to reduce your monthly payments
– You want to borrow more money
– You want to avoid paying the higher Standard Variable Rate
However, you’ll need to check that you’re approaching the end of your initial period to avoid any early exit fees.

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