Buy to Let

Thinking of purchasing your first rental property or hoping to expand your existing portfolio?

Let's chat.  

We can help :)

  • Free initial, no obligation mortgage advice
  • Trusted, unbiased and respected
  • Friendly faces of finance
  • We want you to be a 'client for life' so our service and approach will actively promote that lasting relationship.
  • Remortgage reminders for your whole portfolio.


Buy to Let

Thinking of purchasing your first rental property or hoping to expand your existing portfolio?

We can help :)

  • Free initial, no obligation mortgage advice
  • Trusted, unbiased and respected
  • Friendly faces of finance
  • We want you to be a 'client for life' so our service and approach will actively promote that lasting relationship.
  • Remortgage reminders for your whole portfolio.

We've invested in a lot of software to help landlords feel organised and on top of their various mortgages;

  • Remortgage alerts
  • Variable rate alerts
  • Mortgage rate checker
  • Mortgage application updates
  • Adviser chat/ secure messaging
  • Document storage

Our aim was to invest in things that will make your life easier, without making us a faceless business. We couldn't imagine doing our job without building a strong, working relationship with you and we won't ever change that.

If you're keen to get the ball rolling, we've put together a list of documents that you will likely need to progress with an application. You can check them out here and start getting them together in readiness for a smooth, efficient mortgage journey.

Check current mortgage rates here.

But to Let; things to remember.

There are a few differences between BTL mortgages and standard mortgages that are worth noting;

'Loan to Value'

With standard mortgages you can apply for loans of up to 95% of the property value, meaning you'll only need to find a deposit of 5%. With BTL mortgages, you'll be looking at an average loan size of 75% of the property value meaning that you'll need a 25% deposit.

Affordability

With BTL mortgages your employed income doesn't play as big a role when it comes to affordability calculations. In fact, some high street lenders don't even require a minimum income. Instead, mortgage affordability is based on the rental yield of the property, also known as a lenders 'stress test'.

Stamp Duty

If you already own a property (including your own home) then you will have to pay higher rate stamp duty.

Buy to Let; things to remember.

There are a few differences between BTL mortgages and standard mortgages that are worth noting;

'Loan to Value'

With standard mortgages you can apply for loans of up to 95% of the property value, meaning you'll only need to find a deposit of 5%. With BTL mortgages, you'll be looking at an average loan size of 75% of the property value meaning that you'll need a 25% deposit.

Affordability

With BTL mortgages your employed income doesn't play as big a role when it comes to affordability calculations. In fact, some high street lenders don't even require a minimum income. Instead, mortgage affordability is based on the rental yield of the property, also known as a lenders 'stress test'.

Stamp Duty

If you already own a property (including your own home) then you will have to pay higher rate stamp duty.

Ready to speak with a broker?

Give us a call today or drop us a quick message here and we'll be more than happy to help.

01843 228800