![]() ![]() The overall cost for comparison is 7.6% APRC representative. The most competitive lenders currently use a rental coverage of 1.25x the mortgage on an interest rate of 5.99. The interest only calculator will show a printable interest only loan amortization that is downloadable as a PDF. A valuation fee of £255 and a CHAPS fee of £30 are also payable. The interest only loan calculator excel with amortization will calculate the monthly payment based on mortgage amount, loan terms, interest rate, and the starting payment date. The total amount payable would be £442,749.36 made up of the loan amount of £200,000 plus interest of £242,749.36. ![]() You have at least a 25 deposit, or 35 for any new build houses or flats. Your expected rental income to be at least 125 of your monthly interest payments. The overall cost for comparison is 7.7% APR representative.Ī mortgage of £200,000 payable over 25 years initially on a fixed rate for 3 years at 6.67% and then our variable rate of 7.74% for the remaining 23 years would require 36 monthly payments of £1,367.82 and 264 payments of £1,490.56. The following criteria applies for NatWest buy to let mortgage applications: Youre a UK resident aged between 18 and 80. The total amount payable would be £444,327.48 made up of the loan amount of £200,000.00 plus interest of £244,327.48. You can also personalise the chart by adding the value of the property you want to buy and the value of the mortgage you want to get. The results shown are for interest-only but you can amend this using the filter on the chart. A mortgage of £200,000 payable over 25 years initially on a fixed rate of 6.87% for 3 years and then our variable rate of 7.74% for the remaining 23 years would require 36 monthly payments of £1,392.81 and 264 payments of £1,493.13. The chart below shows the best 75 LTV buy-to-let mortgage rates available. ![]()
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