Buy-to-Let Mortgages

What is a Buy-to-Let Mortgage?

Buy-to-Let or Business-Related Mortgages are mainly for those who may wish to acquire property or land for themselves. This could be anything from warehouse space to residential housing. The majority of Buy-to-Let Mortgages are given on an interest-only basis. This means that for every month of the mortgage term you’ll only pay the interest on the loan, and none of the capital.


In an ever-evolving market, we see numerous clients investing in Buy-to-Let Mortgages. We can offer standard Buy-to-Let mortgages through to new builds, HMOs, multi-lets, large blocks and large mixed portfolios. Many Buy-to-Let Mortgages have a fixed rate period which, when concluded, reverts to the lenders variable rate which is usually higher than the initial lending rate. We work with you to review you’re your existing BTL mortgage prior to its conclusion and recommend the best products in order to prevent you from paying a higher variable rate.


How Does a Buy-to-Let Mortgage Work?

Instead of the loan amount being based on income and outgoings, a Buy-to-Let Mortgage is based on how much rent the property can generate. With this in mind, the property is therefore believed to be generating its own income to repay the mortgage.


Key features of Buy-to-Let Mortgages include;

  • • Up to 80% LTV
  • • Interest rates from 2.99%
  • • Interest only loans and Capital an Interest are available
  • • No early redemption penalty mortgages are available
  • • Adverse credit can be considered
  • • Available for ex-pats


Is a Buy-to-Let Mortgage Right for Me?

The majority of Buy-to-Let Mortgages are seen as investments and/or to generate an income. It makes sense, therefore, to maximise your properties’ potential. It’s also worth noting that we have access to lenders who can cover the whole lending spectrum.


Buy-to-Let Mortgage Types include;

  • • Purchase or re-mortgage
  • • Interest only or repayment
  • • Income assisted
  • • No minimum income requirement
  • • Contract reassignments
  • • Exit from a bridge
  • • Day 1 re-mortgages
  • • Individual or limited company
  • • No limit on the number of properties owned
  • • Gifted deposit
  • • 1st time landlord
  • • Impaired credit


A minimum 20% deposit is currently required, although a larger deposit will secure a better interest rate.