Average flat fee on buy-to-let mortgages in the UK 2018-2019
Business mortgages, or buy-to-let (BTL) mortgages, are a loan sold to property investors, rather than to people who want to purchase a home to live in. While flat, or fixed fees, are usually applied to vanilla products (standard BTL transactions of normal two to three bedroom houses or one to two bedroom flats), percentage-based lending is focused on landlords with non-standard properties and more complex borrowing needs. As of the fourth quarter of 2019, the average flat rate fee was 1,460 British pounds. More than one third of mortgage products had a flat rate fee.
