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3 Year Fixed Rate Buy to Let Mortgages

Start your Buy to Let Mortgage Search with Moneyfactscompare.co.uk. With a Fixed Buy to Let Mortgage for 3 Years, monthly repayments remain the same for three years.

Ready to compare the best rates? View the top 3 Year Fixed Rate BTL Mortgage Providers in the chart below.

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Best 3 Year Fixed Buy To let Rates

Best 3 Year Fixed Buy To let Rates

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We found 30 products in total, of which 0 have links to providers.

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Selecting ‘Provider Links First’ brings all products that you can apply for directly via Moneyfacts to the top of the chart in rate order. Products that do not have an ‘Go To Provider's Site’ button will appear below, again in rate order. Selecting an option from the drop-down will change the chart to list all products in order depending on the option you have selected, with the best rate being at the top. Products that have ‘Go To Provider's Site’ links will still be in the list but in rate position.

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  • Accord Mortgages Fixed
    Rate
    4.84%
    4.84% Fixed to 31/08/2027
    reverting to 8.24%
    APRC
    7.9%
    Period
    31/08/2027
    Max LTV
    60%
    Redemption
    to 31/8/27: 3/2.5/2% Sum Repaid. Deferred Arrangement Fee £90.00 Fixed
    Speak To A Broker
    Product Fee Completion £3495,
  • Accord Mortgages Fixed
    Rate
    4.89%
    4.89% Fixed to 31/08/2027
    reverting to 8.24%
    APRC
    7.9%
    Period
    31/08/2027
    Max LTV
    60%
    Redemption
    to 31/8/27: 3/2.5/2% Sum Repaid. Deferred Arrangement Fee £90.00 Fixed
    Speak To A Broker
    Product Fee Completion £3495,
  • Accord Mortgages Fixed
    Rate
    4.94%
    4.94% Fixed to 31/08/2027
    reverting to 8.24%
    APRC
    7.9%
    Period
    31/08/2027
    Max LTV
    65%
    Redemption
    to 31/8/27: 3/2.5/2% Sum Repaid. Deferred Arrangement Fee £90.00 Fixed
    Speak To A Broker
    Product Fee Completion £3495,
  • Accord Mortgages Fixed
    Rate
    4.99%
    4.99% Fixed to 31/08/2027
    reverting to 8.24%
    APRC
    7.9%
    Period
    31/08/2027
    Max LTV
    65%
    Redemption
    to 31/8/27: 3/2.5/2% Sum Repaid. Deferred Arrangement Fee £90.00 Fixed
    Speak To A Broker
    Product Fee Completion £3495,
  • Accord Mortgages Fixed
    Rate
    5.04%
    5.04% Fixed to 31/08/2027
    reverting to 8.24%
    APRC
    7.9%
    Period
    31/08/2027
    Max LTV
    75%
    Redemption
    to 31/8/27: 3/2.5/2% Sum Repaid. Deferred Arrangement Fee £90.00 Fixed
    Speak To A Broker
    Product Fee Completion £3495,
  • Accord Mortgages Fixed
    Rate
    5.09%
    5.09% Fixed to 31/08/2027
    reverting to 8.24%
    APRC
    7.9%
    Period
    31/08/2027
    Max LTV
    75%
    Redemption
    to 31/8/27: 3/2.5/2% Sum Repaid. Deferred Arrangement Fee £90.00 Fixed
    Speak To A Broker
    Product Fee Completion £3495,
  • Accord Mortgages Fixed
    Rate
    5.24%
    5.24% Fixed to 31/08/2027
    reverting to 8.24%
    APRC
    7.8%
    Period
    31/08/2027
    Max LTV
    60%
    Redemption
    to 31/8/27: 3/2.5/2% Sum Repaid. Deferred Arrangement Fee £90.00 Fixed
    Speak To A Broker
    Product Fee Completion £995,
  • Accord Mortgages Fixed
    Rate
    5.24%
    5.24% Fixed to 31/08/2027
    reverting to 8.24%
    APRC
    7.8%
    Period
    31/08/2027
    Max LTV
    60%
    Redemption
    to 31/8/27: 3/2.5/2% Sum Repaid. Deferred Arrangement Fee £90.00 Fixed
    Speak To A Broker
    Product Fee Completion £995,
  • Accord Mortgages Fixed
    Rate
    5.34%
    5.34% Fixed to 31/08/2027
    reverting to 8.24%
    APRC
    7.8%
    Period
    31/08/2027
    Max LTV
    65%
    Redemption
    to 31/8/27: 3/2.5/2% Sum Repaid. Deferred Arrangement Fee £90.00 Fixed
    Speak To A Broker
    Product Fee Completion £995,
  • Accord Mortgages Fixed
    Rate
    5.34%
    5.34% Fixed to 31/08/2027
    reverting to 8.24%
    APRC
    7.9%
    Period
    31/08/2027
    Max LTV
    65%
    Redemption
    to 31/8/27: 3/2.5/2% Sum Repaid. Deferred Arrangement Fee £90.00 Fixed
    Speak To A Broker
    Product Fee Completion £995,
Representative Example
Note

Most Buy-To-Let mortgages are not regulated by the Financial Conduct Authority (FCA). Whether a Buy-To-Let mortgage is regulated depends on your personal circumstances. The above information assumes that FCA regulation does not apply to the mortgage products shown.

Mortgage Advice Bureau offers fee free mortgage advice for Moneyfacts visitors that call on 0808 149 9177 or email moneyfacts@mab.org.uk. If you contact Mortgage Advice Bureau outside of these channels you may incur a fee of up to 1%.

Disclaimer

YOUR BUY-TO-LET PROPERTY MAY BE REPOSSESSED IF YOU FAIL TO KEEP UP REPAYMENTS ON ANY MORTGAGE SECURED ON IT. Written quotations are available from individual lenders. Loans are subject to status and valuation and are not available to persons under the age of 18. All rates are subject to change without notice. Please check all rates and terms with your lender or financial adviser before undertaking any borrowing.

Provider Links

‘Go To Provider's Site’ links are where we have an arrangement with a provider so you can move directly from our site to theirs to view more information and apply for a product. We also use ‘Speak to A Broker’ links where we have an arrangement with a preferred broker to move you directly to their site. Depending on the arrangement we may receive a modest commission either when you press a 'Go To Provider's Site' or 'Speak To A Broker' button, when you call an advertised number or when you complete an application following a link from our website.

3 year buy to let mortgages

At a glance

  • Your monthly repayments will stay the same for three years, even if interest rates rise.
  • You may be subject to early repayment charges if you want to exit the deal early or overpay.
  • Three-year fixed rate buy-to-let mortgages usually offer lower rates than five-year products.
  • There are interest only buy-to-let mortgages or repayment options available.
  • To help get the best three-year buy-to-let mortgage, you need to make sure your rental yield is healthy, as well as your individual financial circumstances.

With a three year buy to let mortgage, as the rate is fixed for three years, your repayments every month will stay the same over the three-year period. Not only this but if interest rates rise, your payments will stay the same. View today's best rates above or read our three year buy to let mortgage guide to learn more. 

How do they work?

Buy-to-let mortgages are very similar to residential mortgages. The difference, of course, is that you won't be living in the property. It is a mortgage that is expressly designed for properties that will be rented out to tenants.

Before offering you a buy-to-let mortgage the lender will need to see that you will be making a profit every month. In general, the rent will need to be at least 125% of the mortgage payment. But you should check carefully before making an application that you will be eligible, as a significant number of lenders have more stringent affordability requirements, especially if you are a higher rate taxpayer. You should also expect to pay higher arrangement fees with a BTL as well as a different way of assessing whether you can have the mortgage.

Don't forget that while your lender might be happy that you can afford the repayments, you need to be happy too. There are all sorts of other costs to consider before making such a big financial commitment on a buy to let property: insurance, agent's fees, legal costs, maintenance costs, etc.

Should I speak to a mortgage broker?

Mortgage brokers remove a lot of the paperwork and hassle of getting a mortgage, as well as helping you access exclusive products and rates that aren’t available to the public. Mortgage brokers are regulated by the Financial Conduct Authority (FCA) and are required to pass specific qualifications before they can give you advice.

 

Speak to an award-winning mortgage broker today

 

MAB is the preferred mortgage broker of MoneyfactsCompare

 

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Get friendly, expert advice free of charge as a visitor of MoneyfactsCompare

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Speak to an award-winning mortgage broker today.

Call 0808 149 9177 or request a callback

Mortgage Advice Bureau offers fee free mortgage advice for MoneyfactsCompare visitors that call on 0808 149 9177. If you contact Mortgage Advice Bureau outside of these channels you may incur a fee of up to 1%. Lines are open Monday to Friday 8am to 8pm and Saturday 9am to 1pm excluding bank holidays. Calls may be recorded.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Why choose a three year fixed rate buy to let mortgage?

There are several reasons why you may decide to take on a buy-to-let mortgage. It could be that you see it as a source of extra income or something that will make your retirement more financially secure. Perhaps it's that you're thinking of moving out of your home, for whatever reason, and want to let it out to tenants.

In simple terms, a three-year fixed rate mortgage can provide the security of fixed regular payments while still giving you the ability to remortgage after three years.

A fixed rate mortgage is ideal if you want your monthly repayments to stay the same over a set period – in this case, three years – but they aren't necessarily as cheap as some of the tracker rates available to landlords. You will, however, have the peace of mind of knowing that if rates rise, your repayments will stay the same.

Check your credit score

Before you apply for a buy to let mortgage it's important to check your credit score.

Can I get a three year fixed buy to let mortgage?

As with any mortgage application, there will be rigorous checks made before a lender is satisfied that you can meet the monthly repayments. Their decision will be based on:

  1. Your personal finances. This will include your deposit and how much you earn each month. Your credit score will also be checked.
  2. Rent. Your lender will check that the rent you intend to charge on your property is greater than your monthly loan repayments. They will usually expect rent to be around 125% to 145% of your monthly payments.

How much will it cost?

A three year fixed buy to let mortgage often comes with higher interest rates than its 2-year equivalent. Always look at the total cost of your mortgage including the application, arrangement and other associated fees. It is also important to consider the early repayment charges you might face if you need to move your mortgage or choose to pay this off early.

Remortgaging after a three year fixed buy to let

It's important with a short-term fixed rate mortgage that you consider the costs of remortgaging your buy to let property regularly.

When you reach the end of your three year fixed rate period, your lender will usually transfer your mortgage to its buy to let standard variable rate, or possibly a tracker-based variable rate. This is likely to be higher than your fixed rate. If you choose not to remortgage, it's important that you have enough wiggle room in your budget to absorb the higher mortgage costs. Remortgaging will involve paying new mortgage fees and possibly legal fees if you move to mortgage to a different lender.

Pros and cons of three year buy to let mortgages

  • Fixed repayments. Even if the Bank of England decides to increase interest rates, your monthly repayments will be fixed for three years.
  • Competitive interest rates. Although these rates are not usually as low as two-year fixed buy-to-let mortgages, the interest rates for this type of deal are often still lower than longer-term mortgages.
  • Remortgage less often. You won't have to look for new deals as frequently as you would need to with shorter-term mortgages.
  • Less flexibility. If you want to overpay or even clear your buy-to-let mortgage, you will likely incur a financial penalty with a three-year deal.

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Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.