Buy to let

Get impartial, expert advice to see who offers the best mortgage deals for you

buy to let mortgage

If you intend to buy a property specifically to rent out you will need a buy to let mortgage. As a whole of market mortgage broker we can do the hard work for you in finding you the best deal. We have access to buy to let mortgages from the whole market and we will help you choose the most suitable deal depending on your circumstances, the type of property you want to buy and the type of tenant you want to let to.

All lenders

We work for you, not the banks which means we can give you advice on all products from every lender – across the whole of the market.

Free expert advice

Our initial advice service is free and without obligation. We'll only charge a fee should you proceed with our mortgage recommendation.

Hassle free

We deal with lenders on your behalf throughout the application process until completion.

Impartial advice & exclusive deals

For those who go about it the right way, buy to let can provide a regular rental income and capital growth in terms of the property’s value. It often pays to speak to a broker when looking for a buy to let mortgage as we can not only talk you through what deals are available but will also help you weigh up which one is right for you and whether to fix or track.

Some specialist buy to let mortgage lenders only sell their products via brokers, not directly to customers, so using our buy to let mortgage advice service gives you access to deals you could not otherwise reach.

We have inside knowledge of lenders' lending criteria and know how quickly they can process a mortgage offer. We will also chase up the application for you and deal with any problems that might arise.

Whether you’re an existing or aspiring landlord we’re here to help you make a success of your buy to let investment.

Getting a buy to let mortgage

Alongside tempting returns and growing tenant demand is an increasing choice of mortgages for landlords.

The application and approval process for a buy to let mortgage is different to that for a residential mortgage as different rules and regulations apply. If you apply for a residential mortgage the lender will want to carry out checks on your income and outgoings to ensure you can afford the mortgage payments. With buy to let, instead of looking at your income, the lender will want to be sure the rental income from the property is enough to support the mortgage.

In fact, lenders' criteria will require you to have a rental income of at least 125% of the mortgage payments. The idea is that a landlord will have excess funds to cover property maintenance and repairs and any void periods.

Some mortgage lenders also require larger deposits for buy to let mortgages than for residential, normally at least 15% to 20% of the purchase price.

A booming market

Despite a stamp duty tax crackdown and income tax changes, many people continue to see residential property as an attractive medium-term to long-term investment, and more and more lenders have come into this sector offering attractive buy to let mortgages to facilitate this investment.

Demand for rental property continues to grow year on year due to a range of factors including a growing student population, increasing immigration levels, relationship changes and rising house prices keeping aspiring first time buyers out of the purchase market for longer. Growing numbers of people need decent rented accommodation to live in and private landlords can provide just that. But this is not a sector to enter into lightly. Landlords must be aware of the pros and cons, how and where to get the best finance, how to run their investment successfully and what their obligations are.

We're here to provide you with all the buy to let mortgage advice you need. Contact us for a free, no obligation consultation.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.