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Remortgaging your buy to let may not be a priority when it comes to organising your finances. Many UK borrowers don't get around to reviewing their residential mortgage let alone their buy to let, perhaps due to the belief that it's too costly and difficult. Yet lenders are improving products all the time, so it could be time to think again.
When the market outlook looks gloomy, you might consider selling your buy to let. It's worth noting that you will be liable for capital gains tax on any profit made. One way to hang on to your investment and circumvent low rental yields is to remortgage to a better deal, a process that can be surprisingly simple.
How buy to let remortgaging works
Buy to let mortgages have come a long way. The notion of reviewing them within a competitive market is gradually catching on. As a result, the gap between residential and buy to let deals is beginning to narrow.
Generally, you can expect to pay a higher rate for a buy to let mortgage than a residential, and often there are fees attached. You are normally required to have a loan to value of 85% maximum and eligibility is based upon rental income. The lender calculates a percentage margin against the interest rate to set the rental income required.
A few calculations are made to work out whether it's worth your switching loan, taking into account any early repayment charge attached to your current loan, plus fees: legal costs, valuation and any arrangement fees. 
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