Buy to Let

Buy-to-Let Mortgages

🏘️ What is a Buy-to-Let Mortgage?

 

A buy-to-let (BTL) mortgage is designed for people who want to purchase a property to rent out rather than live in. These mortgages are assessed differently from residential ones, with a strong focus on the expected rental income.

Whether you’re investing in your first rental or growing a portfolio, the right mortgage can maximise your returns—and a broker can make that process a whole lot easier.

 

🧾 Who Can Get a Buy-to-Let Mortgage?

 

You could qualify for a BTL mortgage if you:

  • Already own your own home

  • Have a good credit history

  • Can afford the additional property

  • Have a deposit of at least 20–25%

Even if you’re a first-time buyer or have bad credit, some lenders might still consider you—especially with the right broker guiding the way.

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💼 How Do Buy-to-Let Mortgages Work?

 

Key differences from standard mortgages:

  • They’re typically interest-only: you only repay the interest each month, then pay off the loan at the end.

  • Affordability is based on rental income: most lenders want rent to cover 125–145% of your monthly mortgage payments.

  • You may need a larger deposit: usually 15–40% depending on your situation.

 

🧠 Tips for First-Time Landlords

 

  • Research local rental demand and yields

  • Factor in costs like letting agent fees, maintenance, insurance, and potential void periods

  • Make sure your mortgage allows for tenant types you plan to accept (e.g. students, DSS, HMOs)

 

🧮 What Rates Can You Expect?

 

Rates for buy-to-let mortgages tend to be higher than residential deals, but they vary depending on:

  • Loan-to-value (LTV)

  • Property type

  • Your credit history

  • Whether you’re applying personally or via a limited company

Working with a broker gives you access to deals across the whole market—including specialist lenders not available directly.

 

🧑‍💼 Speak to a Buy-to-Let Specialist

 

We’ll introduce you to an advisor who understands landlord needs—whether you’re buying your first rental or refinancing a whole portfolio.

✅ Compare buy-to-let deals
✅ Understand affordability rules
✅ Get tailored advice based on your property plans

 

❓ FAQs

Can I get a buy-to-let mortgage as a first-time buyer?

It’s harder, but not impossible. Some lenders do accept first-time buyers, especially with a good deposit and rental projections.

Yes—most lenders will want proof of income. Even though the mortgage is rental-based, they often need to see a minimum personal income too.

This depends on your goals. Limited company mortgages can offer tax advantages for portfolio landlords but may come with higher rates and fewer lenders.

No—buy-to-let mortgages are strictly for rental purposes. Living in the property would breach the mortgage terms.

Absolutely. Many landlords remortgage to get a better rate, raise capital, or consolidate properties.

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