Popular FAQs

How much deposit do I need for a buy to let?

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Usually, the minimum deposit for a buy to let mortgage is 25% of the property value. Although, this can vary between 20%-40% depending on your history as a landlord.

How much can I borrow for a buy to let?

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The amount that you can borrow for a buy to let mortgage will be determined by the rental income that the property is likely to generate. Also, most lenders will require you to have an income yourself from a main job or self employment.

How much do I need to earn to get a buy to let mortgage?

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There are some lenders who do not focus on your personal income when it comes to taking out a buy to let mortgage, whereas others need you to be earning £25,000 pa or more.

Can I use the equity in my house for a buy to let deposit?

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If you have sufficient equity in your house and can release this equity via a remortgage, you are able to use this for a deposit on a buy to let property. Remember, a buy to let deposit is typically 20%-40%.

Can I get a buy to let mortgage as a first time buyer?

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The simple answer is yes, however, most lenders will want an applicant that currently owns a property over someone who has no experience in the field.

UK Moneyman Limited is authorised and regulated by the Financial Conduct Authority.

UK Moneyman Limited registered in England, registered number 6789312 and registered office 10 Consort Court, Hull, HU9 1PU.

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