Mortgages
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Knowledge
Buy to let mortgage
What is a Buy to Let mortgage?
Buy to Let mortgages can be offered on a property which the borrower then lets to third party tenants. The mortgage calculations are often based on the rental income from the property, as opposed to the borrower’s salary.
Who is eligible for a Buy to Let mortgage?
Buy to Let mortgages are available for most scenarios, including first-time buyers, remortgages, and limited companies and professional landlords. Contact our independent mortgage advisors to discuss your own personal circumstances and see if there is a suitable Buy to Let mortgage for you.
How much can be borrowed?
Typically, a deposit of 15% of the purchase value of the property is required for a Buy to Let mortgage. Beyond that criterion, the rental income can range from 100-130% of the monthly mortgage repayment in order to secure finance.
Why take on a Buy to Let mortgage?
Put simply, for the property investment opportunities available. In recent years landlords have come to enjoy good incomes from rental, and excellent returns on the value of property.
Be aware that fluctuations in the rental market and house price market may mean you have to fund rental payments from other sources, and that you may need to sell the property at a loss.
What’s the next step?
If you are considering investing in property through a Buy to Let mortgage, you will need expert, specialist advice. We can provide you with guidance to find the right deal for you. We can also advise you on issues such as tax relief, and the obligations of landlords to tenants
