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Buy to let tracker mortgages

Written By:
Myles Robinson - Expert Finance Advisor

Posted: Aug 12, 2022

Buy to let tracker mortgages – Compare lenders, rates and best deals

Understanding the product and the factors impacting your mortgage rate when shopping for the best buy-to-let tracker mortgages is crucial.

A mortgage is a big decision, whether it be your residential mortgage or for a buy-to-let property. With the average mortgage term increasing over 25 years, the wrong deal could significantly impact your finances for a long time.

Without expert guidance, navigating the maze of mortgage interest rates, payment options, and terms and conditions can be confusing.

This guide contains tips and information on buy-to-let mortgages and expert mortgage advice.

To speak with an expert about the best buy to let tracker mortgage rates enquire here.

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What is a Buy To-Let tracker mortgage?

Buy-to-let mortgages are secured loans that borrowers take out to purchase a property and rent out for rental income. Tracker refers to how the interest rate on the mortgage is set in accordance with an external rate, known as the base interest.

This means that the interest rate borrowers pay on their mortgages may fluctuate depending on the economy or inflation. This is what all Buy-to-let tracker lenders can also add or subtract interest.

Buy-to-let tracker mortgage example

For example, if the base rate is 0.75%, a lender might charge 2% to cover a £200,000 mortgage.

With a combined interest rate of 2.75%, your monthly repayment mortgage for a 25-year mortgage would come to £921.

Your monthly mortgage payment would go up to £946 if the base rate increased from 0.75% – 1%.

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Advantages and disadvantages of a buy-to-let mortgage tracker

It is always wise to weigh the pros and cons of each type of mortgage. This will allow you to make an informed decision and decide if a tracker loan is right for your needs.


Buy-to-let mortgages that track your income can be unpredictable. However, some borrowers may be able to benefit from a change in the interest rate. The reason is that if the base interest rate fell, your mortgage interest rate would also decrease, reducing the cost of borrowing and saving you money.

If you continue to make your monthly mortgage repayments the same, this could allow tracker mortgage customers to pay more off their mortgage. There are also tracker mortgages without an early repayment fee.


Before you apply for a buy-to-let tracker mortgage, there are some things that you should be aware of. If the base rate rises, your interest rate on your mortgage may increase significantly, which could increase the cost of borrowing.

Many customers of buy-to-let mortgage trackers are shocked to learn that the additional money they pay on a mortgage after increasing their interest rate doesn’t pay the capital and wouldn’t be used towards your mortgage payment.

You should also consider that your new level could be unaffordable depending on how fast your debt increases. To avoid miss-payments, you can save any savings.

Prepare for a change in buy-to-let mortgage tracker rates

You may not be able to pay your mortgage payments if the base rate for a buy-to-let tracker mortgage changes suddenly or drastically.

Avoid mortgage default by calculating how much your monthly mortgage payments would increase or decrease to avoid this.

Although you can’t predict the future interest rate, estimating your mortgage payments can account for an increase or decrease of 3% is possible.

You might decide that any increase in your income is too costly and impossible to afford. You may still be able to save enough money to cover any increase.

Estimating your future mortgage payments can be complex without knowing the current mortgage rates. However, our advisors will gladly assist you.

Contact an advisor for a quote and more information on buy-to-let mortgage rates.

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Buy-to-let lifetime tracker mortgage comparison

A buy-to-let lifetime mortgage tracker is a product that offers tracker interest for the mortgage term.

Our mortgage brokers have extensive experience arranging these products and will introduce you to a mortgage lender to suit you.

They are finding the best buy to let tracker mortgage deal can take time. Not all mortgage deals are visible to the public.

Some online comparison tools or mortgage calculators do not include every available mortgage provider on the rental property market.

Using a mortgage broker, it is easier to compare rates and offers and find the best mortgage loan. Whether you are looking for residential mortgages or buy-to-let, we can match you with mortgage lenders to suit you.

They will be able to identify the best buy-to-let mortgages with lifetime trackers quickly. After listening to you and understanding your requirements, they can quickly recommend the best deals.

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Find the best lifetime tracker mortgages for buy-to-let

Working with a mortgage broker can help you save money on unnecessary application fees. Many borrowers make the error of applying to multiple lenders simultaneously.

Doing this by yourself can be expensive as you will be required to pay application fees. It can also negatively impact your credit score.

Buy to Let Mortgages can be harder to obtain approval for because some lenders consider them riskier.

Any reduction in your credit score must be avoided. This can decrease your chances of getting accepted by a lender and limit your rate options.

Before you apply for a buy-to-let mortgage tracker, consult a mortgage broker. They can help you choose suitable mortgage lenders based on your situation.

Talk to an expert about tracker mortgages for buy-to-let.

You can reach us today if you have questions or want to learn more about buy-to-let tracker mortgages.

Our experts have full-of-market access to help you find the best mortgage deals for your situation.

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