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. It is much easier to get a buy to let mortgage if you are a homeowner, but it is possible for a first time buyer/first time landlord combination. The Financial Conduct Authority does not regulate some types of buy to let or commercial mortgages.Get Started
More and more landlords are starting their own limited companies to buy their properties through, you’ll need to speak to an accountant if you think this might be right for you. Being an expert mortgage broker, we can compare 1000's of buy to let deals for new and existing landlords.Apply Now
How much deposit do I need for a buy to let?
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?
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?
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?
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?
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.
Why use a mortgage broker?
Having a mortgage broker by your side will give you the chance to be informed of the options that are available to you based on your financial and personal circumstances. Being a mortgage broker, we can use our extensive experience to guide you through the process and help clear any obstacles you face on the way.
We're flexible to work around your busy schedule, we work beyond the general 9-5 in order to be there when you need us.
You won't have to pay us before we do anything! We only ask for payment once we get results.
You'll always have the same case manager to help work alongside you throughout the entire process.
Sometimes new or existing landlords need some additional support. We’ll be to support you throughout the entire process.
Our team will recommend suitable insurance products to ensure you can stay in your home should you become seriously ill and unable to work.
Our mortgage advisors will search the market for the most suitable buy to let mortgage to match your current circumstances, saving you time and money.
Having been in the industry for over 20 years, we have helped many landlords obtain a buy to let mortgage. There's hardly a situation that we haven't come across before.
Throughout the mortgage process, we will help you overcome any hurdles you encounter like issues with property surveys and down valuation.
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