Mortgage rates can change quickly. A product that appears competitive today may be withdrawn, repriced or replaced before a borrower is ready to apply.
That is why NetRent publishes a selection of the latest available rates on our dedicated NetRent Mortgage Solutions website.
The page is updated weekly and provides examples from different parts of the mortgage market, including residential, buy-to-let, limited-company, HMO, expat, commercial and bridging finance.
It is a useful starting point—but the lowest headline rate is not necessarily the most suitable or least expensive mortgage.
What our latest-rates page shows
The weekly page presents selected mortgage examples to help landlords, homeowners and property buyers understand the types of products currently available.
The examples may show:
- The initial interest rate.
- Whether the product is fixed or variable.
- The length of the initial deal.
- The maximum loan-to-value ratio.
- The arrangement or product fee.
- The type of borrower or property for which it is intended.
These are selected examples rather than every available mortgage. The wider market contains hundreds of products, each with its own eligibility requirements, fees and lending criteria.
Rates can also change without notice. A product displayed when the page is updated may be amended or withdrawn by the lender before an application is submitted.
Always contact NetRent for a current, personalised comparison.
A lower rate can carry a higher fee
Mortgage products often combine the interest rate with an arrangement fee.
One product may offer a higher rate with no fee, while another may advertise a lower rate but charge a percentage of the mortgage balance. On a substantial buy-to-let mortgage, a percentage-based fee can represent several thousand pounds.
The lower-rate product may still be suitable, particularly for a larger loan retained throughout the initial deal. However, it should not be selected without calculating the complete cost.
The comparison should include:
- Monthly mortgage payments.
- Product and arrangement fees.
- Valuation and legal costs.
- Cashback or fee-assisted incentives.
- Interest payable during the initial period.
- Early repayment charges.
- The mortgage balance remaining when the deal ends.
A borrower should compare the cost over the period for which the mortgage is likely to be retained—not simply the first monthly payment.
Loan-to-value affects the available rates
Loan-to-value, usually shortened to LTV, compares the mortgage balance with the property’s value.
A lower LTV normally represents less risk to the lender and may provide access to a wider or more competitive range of products.
For example, reducing the borrowing sufficiently to enter a lower LTV band could improve the available rate. However, using additional savings to reduce the mortgage also means that money is no longer available for refurbishment, repairs, voids or another property purchase.
Landlords should consider the benefit of a lower mortgage rate alongside the importance of maintaining adequate cash reserves.
The lender’s valuation will determine the LTV used for the application. An estate agent’s estimate or the owner’s opinion does not guarantee that the lender will adopt the same figure.
The property and borrower must meet the criteria
A headline rate is only relevant if the applicant and property qualify for it.
Lenders may consider:
- Credit history.
- Income and financial commitments.
- Deposit or available equity.
- Property type and condition.
- Construction method.
- Lease length and terms.
- Applicant age and experience.
- Whether the property is owned personally or through a company.
- The number of properties already owned.
- The proposed tenancy and tenant type.
- The source of the deposit.
- The purpose of any additional borrowing.
Specialist properties such as HMOs, multi-unit blocks, holiday lets and mixed-use buildings may require different lenders and products from a standard single-let property.
The most attractive rate shown for one type of mortgage cannot automatically be transferred to another borrower or property.
Rental stress tests can limit buy-to-let borrowing
Buy-to-let lenders normally assess whether the anticipated rent can support the mortgage using an Interest Coverage Ratio and a stressed interest rate.
A product may have a competitive payable rate but still use a rental calculation that restricts the available loan.
The calculation can vary according to:
- The lender.
- The selected product.
- The applicant’s tax position.
- Personal or limited-company ownership.
- The length of the fixed-rate period.
- The type of property.
- The confirmed market rent.
A landlord should therefore establish both the rate and the amount the property is likely to support.
A low rate is of little practical value if the lender will not provide the borrowing required.
Consider the length of the deal
Two-year and five-year fixed rates serve different priorities.
A longer fixed period can provide greater payment certainty and may, with some lenders, produce a different rental stress-test result. It can also carry early repayment charges for longer.
A shorter arrangement may provide an earlier opportunity to review the mortgage, but it exposes the borrower to whatever rates and lending conditions apply when the deal ends.
Before choosing, consider:
- How long you expect to retain the property.
- Whether you may sell or refinance.
- Plans to restructure the portfolio.
- Possible additional borrowing.
- The importance of payment certainty.
- The effect of early repayment charges.
- The cost of arranging another mortgage sooner.
No one can guarantee where mortgage rates will be when the product ends. The decision should be based on your plans and tolerance for risk rather than a confident prediction about future rates.
Do not wait until the current deal expires
Landlords and homeowners should ideally begin reviewing their options three to six months before an existing deal ends.
Starting early provides time to:
- Establish the current mortgage balance.
- Check the deal-end date and early repayment charge.
- Review the property’s likely value and rent.
- Prepare accounts, bank statements and portfolio information.
- Compare a product transfer with remortgaging.
- Resolve possible credit or documentation problems.
- Secure an appropriate product before moving onto the lender’s standard variable rate.
Leaving the review until the final few weeks can restrict the available choices and create unnecessary pressure.
Check the latest rates—and then speak to NetRent
Our weekly latest-rates page helps you monitor selected examples from across the mortgage market. It can show how rates, fees and product types compare, but it cannot determine which mortgage fits your individual circumstances.
NetRent Mortgage Solutions can help landlords, homeowners and property buyers compare the complete cost, assess lender criteria and identify products appropriate to the borrower and property.
View our selection of weekly updated rates at:
https://netrentmortgagesolutions.co.uk/latest-rates/
For a current personalised comparison, call 01352 721300 or email mortgages@netrent.co.uk.
NetRent does not provide legal advice. This article represents our general understanding of the landlord mortgage and rental property market and is provided for information only.
Mortgage products, rates, fees and lender criteria can change without notice. The examples displayed on our website are illustrative and subject to eligibility, valuation, availability and full lender assessment.
Your home or property may be repossessed if you do not keep up repayments on your mortgage.