Buy To Let Mortgages

No-nonsense buy to let mortgage solutions that we’re proud of

Investing in property and Buy to Let mortgages is now more than ever a specialist sector.

With many ways to structure a deal, either in sole names, through a limited company or a LLP there is now more than ever a need to work with specialist buy to let mortgage brokers.

Common Buy To Let Mortgage Questions

As a first time or experienced property investor you’ll know the importance of getting a good deal. An essential part of this should also include how best to structure and finance it.

Here are some of our buy to let frequently asked questions:

Do you have a question about a buy to let mortgage?
If you have a question about a buy to let mortgage that is not covered here, please contact us.
How much can I borrow on a buy to let mortgage?
The borrowing amount on a buy to let mortgage will primarily be based on the amount of rent the property will achieve. Some lenders will also take into account outside income to help enhance the borrowing amount, but primarly it is based on the rental figure.

The lender will still look at many other areas to assess whether or not they will lend and the amount will still be limited in part by the loan to value of the product.  You can use our buy to let mortgage calculators below to get an idea of how much you can borrow.

Are Buy To Let Mortgages more expensive?
The short answer is yes, but it depends whether you are comparing like for like.

You may get some residential mortgages which are more expensive compared to a buy to let mortgage, but this might be becuase the deposit is much less than the buy to let.

Generally speaking the more niche the type of lending you are looking for, the more expensive it is. This is becuase fewer lenders have an apetite to lend when it gets specialsit or complex as it requires a lender to have a specialism to deal with these types of cases and an ability to weigh up the risk associated with it.

Mortgage pricing is usually based on several factors; the type of mortgage (i.e buy to let or residential), your persona type (first time landlord, experienced landlord etc), the amount of the deposit you are putting down compared to the value of the property, and the type of product (i.e. fixed or tracker). All these  factors are used to price mortgages and will determine how much you pay.

How much deposit do I need for a Buy To Let?
The buy to let mortgage deposit amount can vary from lender to lender. Like anything rules can change, but to give you a guide, the typical buy to let deposit is at least 25% of the purchase price. There are lenders that will allow as little as 15% or 20% deposits, but the less you put down the more expensive the deal wil be.

Its important to be aware that the buy to let deposit is only one part of the story. The rental figure the property will achieve is also critical and if the rental figure is not high enough, then a larger deposit maybe required.

Remember often the amount you can borrow (and therefore the deposit you have to put down) is dictated in a large part by the rental figure the property will achieve.

Try our minimum rent calculator to get an idea how much you can borrow based on the rental figure. Remember, this is a guide but to be really acurate it might be better to speak to one of our team.

Buy To Let Calculators

Buy To Let Minimum Rent Calculator

Buy To Let Mortgage Calculator

Buy To Let Repayment Calculator

Buy To Let Guides

Why Is It Better To Put Down A Bigger Deposit?

Why is the buy to let market being attacked?

Why is a holiday let mortgage different to a buy to let?

Why using a buy to let mortgage broker is more important than ever before?

Service that’s about smiles not sales

We may be mortgage brokers, but we’re not a bunch of bankers! We are independent which means we only work for you. Our team are incentivised not on sales, but providing the best service for you.

FIND OUT MORE ABOUT US

Our Success Rates

( First quarter 2018 )

%

Research

  • We assess
  • You instruct us
  • We research
  • We find the best deal for you

%

Agreement In Principle

  • You agree to the deal
  • We submit the first stage of your application
  • You get an agreement in principle

%

Mortgage Offer

  • We submit the second stage of your application
  • We present your application in the best possible manner
  • They assess your situation
  • We support you throughout the process
  • They assess your property
  • You receive your mortgage offer

%

Completion

  • Technically our job is done but we also like to help
  • We liaise with solicitors and estate agents
  • We keep you updated
  • You achieve your goals
Talk to the Buy To Let mortgages experts

Call us on (01237) 472321

or enquire now

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