Buy-to-Let Mortgages
Our mortgage advice will guide you through the intricacies of the buy-to-let mortgage market making it less overwhelming.
Buy-to-let mortgages are a different beast to residential purchases, with different lending criteria. No matter how experienced you are as a landlord, having a mortgage broker on hand to guide you through the process will make it feel less cumbersome.
How we can help
Buy-to-let mortgages often include higher rates of interest than residential mortgages. They can require a larger deposit, and also charge higher arrangement fees.
When you become a landlord, you also need to consider the additional cost of specialist buildings and contents insurance which we can advise on too.
There are so many different considerations when becoming a landlord, including the legal setup of a new purchase (e.g. purchasing through a limited company versus putting in your personal name).
Whether you’re just setting out as a landlord or making a career from the lettings market, we are here to help you secure the right mortgage for your needs.
“Clara is very professional and kept us updated during the process” (Jun ’23)
Frequently asked questions
How many buy-to-let mortgages can I have?
There aren’t any limits to how many buy-to-let mortgages you can have, however different lending criteria may start to apply once you have more than 4 (at which point you are considered to have a portfolio). Every lender has different stipulations, so working with a mortgage adviser will ensure you have all the right information at your fingertips.
How much deposit do I need to get a buy to let mortgage?
The deposits that lenders require vary, but as a minimum you will need at least 20% of the property’s value as a deposit. There are other things that may impact how much deposit you need, so it’s good to have a thorough chat with a mortgage broker to be clear on what is needed.
Are buy-to-let mortgages more expensive?
Buy to let mortgages typically incur higher interest rates than residential mortgages and lenders require at least a 20% deposit. It is also worth considering that as a landlord you will want to invest in landlord’s insurance and perhaps the cost of a management agency. When you work with us, we will discuss some of the key costs involved and other advice to consider obtaining, so you can make an informed choice.
You may have many more questions about buy-to-let mortgages that aren’t covered here. If you want to speak to a friendly and knowledgeable mortgage broker in more detail, then get in touch to arrange a no obligation call to discuss your individual circumstances.
Most Buy to Let Mortgages are not regulated by the Financial Conduct Authority.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Get in touch
We’re here to help with any questions you might have about our services. Send us an email, pick up the phone or fill out our contact form. We look forward to hearing from you.
Personal information will be treated as confidential by us and held in accordance with GDPR May 2018 requirements. You agree that such personal information may be used to provide you with details of services and products in writing, by email or by telephone.