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Customer Overview
This case study involves a landlord in his mid-40s working in a professional services role based in the South of England. He owns a buy-to-let property and recently approached us for help finding suitable buy-to-let remortgage rates as his current mortgage fixed rate was due to expire within just days.
The Problem: Imminent Fixed Rate Expiry and Limited Time to Act
With only 8 days before his current buy-to-let fixed-rate mortgage ended, this client faced an urgent decision: either secure a new mortgage deal or lapse onto a significantly higher Standard Variable Rate (SVR). He preferred a 2-year fixed rate without extending the loan term, wanted to retain his monthly rental income margins, and was cautious about locking into a higher long-term rate.
Making the situation more complex was the client’s credit history, which limited options with mainstream lenders and ruled out switching to a new provider within the remaining timeline. Delaying would result in losing income through higher monthly payments.
The Solution: A Timely Rate Switch with Existing Lender
Understanding the urgency and credit profile challenges, we sourced the best buy-to-let remortgage rate in the UK available through a rate switch with the client’s existing lender, Birmingham Midshires (Halifax PLC).
Key Mortgage Features Secured:
- Term: 20 years and 1 month (unchanged)
- Type: Interest Only
- Rate: 3.28% fixed until January 2028
- Monthly Payment: £734.37 (Initial Period)
- Repayment Vehicle: Sale of property
By opting for this route, the client locked in a competitive rate swiftly without slipping onto a high SVR or resorting to more expensive subprime lending. The product included a fee (added to the mortgage), chosen to reduce monthly outlay and improve cash flow from rental income, ensuring the remortgage process was smooth.
Why This Product Was Chosen:
- Fast execution to avoid the SVR
- Better short-term value compared to 5-year options
- No tie-in after rate period expiry
- Add-on valuation and admin cost benefits
Results: Preserved Rental Margins and Avoided Rate Hike
The outcome was successful on several fronts:
- The client avoided the SVR increase (potentially over £1,900 in monthly payments)
- Maintained a monthly mortgage cost of just £734.37
- Kept mortgage term and repayment strategy intact
- Gained flexibility to reassess the market in 2 years without the pressure of high buy-to-let remortgage rates.
“This fix was not just about the lowest rate – it was about securing stability and flexibility at the right time. You saved my rental income from taking a hit — and that was crucial.”
Frequently Asked Questions (FAQs)
Let Us Help You Find the Perfect Remortgage Option
If your mortgage rate is ending soon or you’re managing a buy-to-let portfolio, we can help you find the best remortgage rates in the UK to match your goals and timeline. Whether you need faster processing, lower monthly costs, or support navigating challenging circumstances – our expert mortgage brokers are here to guide you.
Get in touch (/) and book a free consultation with our team.
