The most common way to finance an investment property is with a buy to let mortgage hence the importance of Buy To Let Mortgage Rates.
People generally search for the best interest rate and often search the best buys tables, mortgage comparison websites and newspapers looking for the lowest interest rate mortgage product.
The key thing to remember when searching for buy to let mortgage rates is that it actually isnt all about rate! Confused? Well let me explain.
Buy to let mortgages rates are just one component you should be aware of when choosing the most suitable rate. Other costs include valuation fees, the dreaded arrangement fees and any early redemption charges.
For example buy to let mortgage rates that have a long term low fixed interest rate with a low arrangement fee may be suitable for many but if that same mortgage product has a large early redemption penalty and you want to sell in the short term time it may be completely inappropriate.
So thats what I mean by its not all about rate. Yes, its important, but it is just one of the factors.
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