Suite 120 Railway House, 14 Chertsey Road Woking, United Kingdom, GU21 5AH,
First class service! Straight forward to deal with, answered all questions quickly and a speedy turn around to mortgage offer being issued. I cannot recommend AJMS and the Team highly enough. I would…
Thank you so much to AJMS for helping out with my recent remortgage. Always available on his mobile to answer any questions I had and made the whole process as stress free as possible for me. I would…
AJMS was extremely helpful in arranging my remortgage. His excellent knowledge allows him to provide a fast, efficient and professional service. Previously I have tried to arrange these myself which …
Highly recommended explained everything well, went to and from the lender so many times making sure all was agreed before spending my money on a survey 5 star amazing service!
Thank you AJMS for helping us with our mortgage! We really appreciate your patience and for always being at the end of the phone to answer any questions no matter how big or small!
Thank you so much to AJMS for helping out with my recent remortgage. Always available on his mobile to answer any questions I had and made the whole process as stress free as possible for me. I would definitely recommend him to friends and family!
“I received protection advice from Brian at AJMS and we proceeded to arrange various insurances for myself & my partner. I am very happy with the service I received and the policy I was recommended, I wouldn’t hesitate to recommend Brian’s services to anyone looking to arrange their personal insurance. “
AJMS has been our mortgage/financial advisor for many years now. His knowledge and expertise is second to none and I can’t recommend his services enough!
Alexander James Mortgage Services - The Best Woking Mortgage Brokers
AJMS is extremely knowledgeable, professional, supportive and well versed in many financial services, including but not limited to Mortgages. I would highly recommend you engage with him and his company to assist with your financial needs and mortgage application. A one stop shop in financial services with friendly advice and exceptional service delivery. Happy Customer !!
Alexander James Mortgage Services - Woking Mortgage Brokers
AJMS has been very helpful and knowledgeable helping me out get the mortgage to get my first house. His knowledge does not only limit on mortgage but broader financial areas. I was a happy customer and would definitely ask him for your help if I will need to get more properties with mortgages or advice on financial planning.
I used AJMS over the course of the years for my property purchases. In all my dealings with him he has always given me impartial advice and in my opinion found the best rates on the market. I would recommend AJMS as an honest and genuine financial adviser.
We were recommended to use the services of Alexander James Mortgage Services by our then financial adviser.
In retrospect, this was an excellent recommendation as AJMS provided an outstanding service.
We were so impressed with the service that AJMS provided that when our youngest daughter decided to purchase a flat, we again secured the services of AJMS.
Who provided a first class service in helping her obtain a very competitive mortgage and appropriate life, critical illness, contents and health insurance cover.
And in the future will help her to set up a private pension fund.
So to anyone looking for sound, sensible and straightforward financial advice, we all recommend Alexander James Mortgage Services.”
Suite 120 Railway House, 14 Chertsey Road Woking, United Kingdom, GU21 5AH,
For landlords in Camberley and across Surrey, August 2026 is proving to be an important month for reviewing mortgage arrangements. Fixed-rate deals taken out several years ago are maturing, encouraging many landlords to explore their options before their existing rate ends.
At the same time, several lenders have recently reduced selected buy-to-let rates. Fixed-rate products remain popular because they provide a clearer picture of monthly mortgage costs, which can be reassuring when you are already balancing rent, maintenance, insurance and tax.
However, a headline rate is only one part of the picture. We understand that buy-to-let finance can feel overwhelming, stressful and confusing: especially when terms such as LTV, ICR and stress testing appear on the same page. So, let’s talk through the key points Camberley landlords should consider this August.
Recent industry research suggests that remortgaging landlords are driving much of the current buy-to-let activity.
According to Mortgage Solutions, 57% of leveraged landlords surveyed had arranged a refinancing deal during the previous 12 months. The article also reported that around eight in ten recent transactions were remortgages or product transfers, rather than loans for new purchases.
A product transfer simply means moving to a new mortgage deal with your existing lender, without necessarily switching provider.
This activity is partly linked to the fixed-rate cycle. Many landlords have come to the end of a fixed deal within the last two years, and a significant number have started arranging their replacement mortgage three to six months before the old rate expires.
That is an important lesson for Camberley landlords: don’t leave your review until the last minute. Starting early may give you more time to compare options, gather paperwork and deal with any valuation or affordability questions.
Several lenders have also reduced selected rates recently. The NRLA’s August 2026 buy-to-let update, correct as at 14 August, reported reductions from lenders including BM Solutions, NatWest, Accord Mortgages, Coventry for Intermediaries, HSBC, Santander, Paragon, Landbay and Aldermore.
For example, the update reported selected NatWest two-year fixed rates starting from 3.93%, while Paragon’s range started from 3.55% in certain circumstances. Coventry also introduced a five-year fixed product at 5.10% for certain limited company remortgages at 75% LTV, subject to eligibility, property energy rating and a £1,999 lender fee.
These figures are market examples: not personal recommendations or guaranteed rates. Lenders can change pricing, fees and criteria quickly, and the most suitable option depends on your property, borrowing, income, ownership structure and plans.
A fixed-rate mortgage keeps the interest rate unchanged for an agreed period, often two or five years. This can make budgeting easier and protect you from rising rates during the fixed term.
A tracker mortgage usually follows the Bank of England Base Rate, plus or minus a set percentage. Your payments can therefore rise or fall as the underlying rate changes.
Fixed-rate products continue to attract many landlords because certainty can be valuable. You may be planning for a new kitchen, a boiler replacement or a period when the property is empty. Knowing the mortgage payment can help you build a more realistic budget.
Some lenders are also offering more flexible features. Property118 reported that Paragon had reintroduced an option allowing eligible existing tracker customers to switch to an available fixed-rate product without an early repayment charge.
An early repayment charge, or ERC, is a fee that may apply if you repay or switch your mortgage during a specified period. A product without an ERC may sound attractive, but it could come with a different rate, fee or lending criteria. Always assess the complete cost rather than focusing on one feature.
Before applying for a new buy-to-let mortgage in Camberley, calculate what the property is realistically expected to produce.
The first figure to consider is gross rental yield:
Annual rent ÷ property value × 100 = gross rental yield
For example, if a property is worth £300,000 and achieves rent of £1,750 per month, the annual rent is £21,000. The gross yield would be 7%.
Gross yield is a useful starting point, but it does not include letting-agent fees, repairs, insurance, safety checks, service charges, ground rent, tax, voids or mortgage costs. Your net return may therefore be considerably lower.
The latest Fleet rental data, reported by Mortgage Finance Gazette, showed average gross yields across England and Wales rising year-on-year to 7.8% in the second quarter of 2026. The South East average was 6.9%.
This is regional market information, not a Camberley valuation or rental forecast. Local rents can differ significantly between neighbourhoods, property types and conditions. A modern two-bedroom flat near transport links may have a different profile from a larger family home or an HMO.
A void period is a time when the property is empty and producing no rent. Even a well-managed property may experience a void between tenants, so we recommend testing your budget against one or more empty months.
Also consider arrears: rent that is late or unpaid. A tenant’s missed payment can affect cash flow, even if your mortgage payment is still due every month.
Buy-to-let lenders generally assess more than your personal income. They will usually consider whether the expected rent covers the mortgage interest under a notional, or “stressed”, interest rate.
This is often measured using an interest coverage ratio (ICR). In simple terms, the lender checks whether the rent is high enough to cover a specified percentage of the mortgage interest.
For illustration only, suppose:
The stressed annual interest would be approximately £14,438. At 125% coverage, the rent required would be around £18,047 per year, or approximately £1,504 per month.
If the lender used a higher ICR requirement, the rent needed would also increase. The precise calculation varies between lenders and may depend on factors such as your tax band, whether the mortgage is in a company name, the product term and the property type.
This is why a mortgage that looks affordable using the actual pay rate may not pass a lender’s stress test. If the figures are tight, possible routes may include reducing the loan-to-value, reviewing the expected rent with a local letting agent or considering a different lender’s criteria. None of these routes is automatically right, so we would talk you through the implications carefully.
A low headline rate can sometimes come with a large product fee. This may be a fixed amount or a percentage of the mortgage advance.
For instance, a 3% fee on a £250,000 mortgage would be £7,500. That could outweigh the interest saving from a slightly lower rate, depending on the mortgage term and your plans.
Before committing, compare:
If your fixed rate is ending soon, check your existing mortgage offer for the exact ERC dates. Beginning your review early may allow you to plan without accidentally triggering a costly charge.
Our remortgage advice service is designed to help landlords understand these moving parts and manage the paperwork and deadlines.
Some landlords consider purchasing or refinancing through a special-purpose vehicle (SPV). This is a limited company created specifically to hold property and carry out the buy-to-let activity.
A limited company may offer potential tax-planning benefits in some circumstances, particularly where profits are retained within the company. Mortgage interest is generally treated differently for corporation tax purposes than it is for an individual landlord.
However, a company structure can also involve:
For landlords owning property personally, Section 24 rules can restrict the way mortgage finance costs are relieved against rental income. Your tax position depends on your income, circumstances and the wider structure of your portfolio.
A limited company is not automatically the cheaper or better option. We recommend speaking to a qualified tax adviser or accountant before changing ownership, transferring a property or incorporating an existing portfolio. Mortgage advice and tax advice are different areas, and both should be considered together.
A buy-to-let mortgage is a major financial commitment, particularly if rent is your main way of meeting the monthly payment.
It may be sensible to review how you and your wider finances would cope if you became seriously ill, were unable to work or died. Depending on your circumstances, this could include life cover, critical illness cover or income protection.
Mortgage protection insurance is not a substitute for checking rental income and maintaining an emergency fund, but it may form part of a broader financial protection review. We can explain the different types of cover and help you consider how they might fit alongside your mortgage and investment plans.
Before arranging a Camberley buy-to-let remortgage or purchase, start putting some extra pennies aside and review:
The UK Finance buy-to-let data provides wider industry information, but it cannot assess your individual property or circumstances.
If you are a landlord in Camberley, the mortgage market can feel like a maze of rates, fees, stress tests and forms. We are here to relieve that stress.
At Alexander James Mortgage Services, we provide impartial mortgage advice with access to over 12,000 products from more than 90 lenders. We serve clients across Camberley, Woking and Guildford, handling the paperwork and keeping you updated throughout the process.
Whether you are expanding your portfolio, reviewing a single rental property or looking for buy-to-let mortgage guidance, we will talk you through the options without promising that any particular lender or product will be suitable.
Many people begin their search with phrases such as “mortgage advisor woking” or “mortgage broker woking”. Wherever you are searching from across Surrey, our local team is always here to help with clear, friendly guidance.
Contact AJMS for a no-obligation consultation and let’s discuss your specific Camberley landlord journey!
Buy-to-let mortgages are not suitable for everyone. Rental income is not guaranteed and may not cover the mortgage or other property costs. Your property may be repossessed if you do not keep up repayments. There may be a fee for mortgage advice; the actual amount will depend on your circumstances. Tax treatment can change and should be confirmed with a qualified tax adviser. Rates and lender criteria are subject to change and the market examples above are not personal recommendations.