Buy To Let

There is a strong demand for rental properties in certain parts of the UK and this has made being a landlord an attractive investment for both income and long-term growth.

Buy to Let mortgages are a little more complex than residential mortgages. We have access to an extensive range of products to help us find the right mortgage product for your circumstances whether you want to purchase a new BTL property or remortgage your existing BTL loan.

With a Buy to Let mortgage the amount available to borrow will be based mainly on the rental income the property can achieve.

The average deposit on a Buy to Let is currently 25% and Interest rates on Buy to Let mortgage rates are a little higher than residential loans.

You can choose to have your loan on either a capital repayment or interest only basis. Many landlords arrange the mortgage on an interest only basis to ensure monthly payments are kept to a minimum.

BTL mortgages can be through your LTD company and there are also a number of lenders who will lend to first time buyers who don’t yet have their own residential property. The maximum amount each lender will lend could potentially be different due to the way they calculate your income and rental. We will let you know if the rental value of your BTL would be sufficient for your required loan.