Buy to let mortgages.
For first time landlords and experienced investors. In your own name or through a limited company, from single lets to HMOs and holiday lets.
What is a buy to let mortgage?
If you want to buy a property to rent out rather than live in, you will need a buy to let mortgage.
There are several types. Some are for a traditional tenancy. Others are for holiday lets or houses in multiple occupation, known as HMOs.
There are also two main ways to own the property: in your own name or through a limited company. Each has pros and cons.
Who is it for?
Whether this is your first rental property or you already own several, a buy to let mortgage can help you reach your property goals. We work with:
- First time landlords
- Landlords growing or refinancing a portfolio
- Limited company and personal name purchases
- HMO and holiday let investors
How we help.
The buy to let market keeps changing, and lender criteria change with it. An experienced broker keeps up with those changes for you.
We have helped people become landlords for the first time, and we have helped experienced landlords grow their portfolios. We look at your circumstances and your goals, then put a plan in place for your mortgage. We can also talk through how a property is likely to look to a lender before you make an offer.
We search a wide range of lenders and products. Our recommendation considers your circumstances and plans, along with legal fees, valuation fees and any broker fee.
We do not give tax advice. An accountant can advise you on whether to buy personally or through a company.
What happens next.
Book a free call
Tell us where you are and what you want to do. There is no obligation and no hard sell.
See your options
We research lenders against your circumstances and explain what we recommend, what it costs and why.
We handle the application
We prepare and submit it, deal with the lender and keep you updated at each stage.
Offer to completion
We stay involved until you complete, and we are here when your deal is next due for review.
Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
Some buy to let mortgages are not regulated by the Financial Conduct Authority.
Still have questions?
How much deposit do I need for a buy to let?
Lenders usually ask for around 25% of the property value. Some will accept less and some ask for more, depending on the property and your circumstances.
How do lenders decide how much I can borrow?
Mainly on the rent. Most lenders want the expected rent to cover the mortgage interest by a set margin, tested at a notional rate that is usually higher than the rate you actually pay. Some also look at your personal income.
Our rental yield calculator gives you a starting point.
Should I buy in my own name or through a limited company?
There are pros and cons to both, and the right answer depends on your tax position and your plans. We can explain how lenders treat each. For the tax side, speak to an accountant.
Will I pay more stamp duty on a buy to let?
Usually, yes. If you already own a residential property, higher rates normally apply. In Wales, the higher residential rates of Land Transaction Tax start at 5% on the first £180,000. In England and Northern Ireland there is a 5% surcharge on top of standard Stamp Duty rates.
Our stamp duty calculator shows the figures. Your solicitor will confirm what you owe.
Have a no obligation chat with us.
So that we can identify your options and the best next steps, book a free call. We will learn about you and your circumstances and put together a plan.