Buy to Let Remortgage FAQs
Please click below for the answers to our most commonly asked questions. If you can't find the information you need, call us free on 0800 694 5566 and one of our advisers will be happy to help.
How much can I borrow?
Norton Finance’s buy-to-let remortgages allow you to borrow between £3,000 and £500,000.
How long are the repayment terms?
Pick a repayment plan that suits you, with terms of between 1 to 30 years available.
What are the interest rates?
Your current circumstances will influence potential interest rates. Remortgage rates start at 1.15%.
Are there any loan fees?
We get our commission from the lender not the customer. We sometimes charge a broker fee of up to 12.5% of the total amount borrowed, capped at £3,995.
Do I need a solicitor?
If you’re looking to borrow more on your current terms, or agree a better payment plan, you don’t always need a solicitor. However, if you’re remortgaging for other means, you’ll usually need to consult a solicitor.
Do I need a valuation?
You will need a valuation on your current property to find out how much it is worth and, therefore, how much you’ll need to borrow to reach your financial goals.
Can I pay off a buy-to-let remortgage early?
Outstanding balances can be paid off at any point during your agreement. However, it’s worth bearing in mind that most lenders will charge an Early Repayment Fee if you decide to do it. These fees are based on the interest that won’t accrue due to your early repayment. If you’re considering paying off your buy-to-let repayment mortgage early, consider whether you can afford the additional costs.