Buy to Let

Providing Individual Mortgage Advice - unique to you

Whether you’re becoming a landlord for the first time, have become an Accidental Landlord or you’re looking to expand an existing portfolio, you will need to take out a buy to let mortgage rather than a standard residential mortgage.

A buy to let mortgage is specifically for people who are buying or remortgaging a property to rent out to a tenant or tenants - this could be on a longer term basis (for six months or more) or for alternative styles of letting, such as a Holiday Let.

How do buy to let mortgages differ from residential mortgages? 

  • Interest rates can be higher on Buy to Let Mortgages compared to Residential Mortgages.
  • Whereas for Residential Mortgages your deposit could be as little as 5% of the property value you will have to provide at least 15%-25% deposit to be considered for a Buy to Let Mortgage.
  • The majority of UK Residential Mortgages are arranged on a Capital Repayment basis, whilst many Buy to Let Mortgages are arranged on an Interest Only basis - lenders will normally offer both methods of repayment
  • Before considering whether to become a Buy to Let investor, you should take specialist advice from an Accountant or Tax Adviser, and a Conveyancing Solicitor.
  • Unlike a standard mortgage, where the amount you can borrow is linked to your income and monthly expenditure, with a Buy to Let mortgage, in addition to checks on your own circumstances the lender will also look at how much rental income you can generate from the property on which the mortgage is secured.
  • Further to this, lenders complete additional calculations to 'stress-test' the rental income received, should interest rates increase over time - this can affect the amount of borrowing the rental income can cover.

We can help you secure a Buy to Let solution that’s tailored to your requirements.

Call our expert team today to find out more!