Landlords often take up the option of a buy to let remortgage to raise extra capital. This can then be used for property improvements or to fund a deposit to expand their portfolio. The Financial Conduct Authority does not regulate some types of buy to let or commercial mortgages.Get Started
If you have carried out a renovation project on a buy to let property then you can remortgage against its improved value. If you have bought the property for cash then normally you would have to own it for 6 months before Lenders will grant you a buy to let remortgage to release equity. Whatever the reason for your remortgage, as a mortgage broker, we can help you on your buy to let remortgage journey.Apply Now
How does a buy to let remortgage work?
Many landlords will choose to remortgage their original property as a means of funding additional property purchases, funding home improvements, buying out a partner or simply switching lenders for better rates. Any time you decide to refinance your buy to let property, you will have to undergo the same financial checks that occurred at the beginning of your initial mortgage.
How soon can you remortgage a buy to let?
In the case of most lenders, you will have to abide by the 6 month mortgage rule. The reason this is in place is to reduce the risk for the lender in question. Land registry can sometimes take up to 6 months to show a new owner of a property, therefore lenders would often rather wait to ensure they’re lending to the right person and for the correct property value.
Can you take equity out of a buy to let?
Yes, as a landlord you have access to release equity from your property, albeit potentially limited to 75% loan to value. You can use this to fund the deposit for a new property, for home improvements or other specified reasons.
How do you build equity in rental property?
When it comes to taking out a buy to let mortgage, some landlords opt for a repayment mortgage over an interest only mortgage so as to pay capital and build equity in the property. Some landlords will also choose to overpay their mortgage, providing their current mortgage deal allows this. There are also factors such as any home improvements, be it anything from a new coat of paint to a home extension, as well as property age, both of which affect the market value of your property and build up your equity.
Can I remortgage my house to buy another property?
So long as you have enough equity in your buy to let property, you are able to remortgage to release this equity and put it towards buying another property. This is a popular choice for many buy to let landlords across the UK.
Why should I use a mortgage broker when looking at a buy to let remortgage?
Being a mortgage broker, we have access to 1000's of buy to let remortgage deals. Our team work hard in finding the best deal that is appropriate for your circumstances and here to provide any support or guidance you need throughout the process
We work flexible hours, allowing you to schedule an appointment around your busy property management and family life.
We won't ask you to pay us upfront, we're only paid if we can get you a mortgage.
You'll have a familiar face all throughout your mortgage process.
Being a landlord is a busy job and doesn't leave a lot of time to arrange your remortgage. Let us take the weight off your shoulders with a fast & friendly service.
With a variety of insurance products on offer, we can recommend you the most suitable ones so you can stay in your home if you become seriously ill and unable to work.
We'll look around for a suitable deal with more favourable rates, so that you can get back to business as usual with your buy to let property.
We build relationships with landlords, with many of them coming back when it's time to remortgage a property from their buy to let portfolio.
Should you encounter any obstacles like issues with property surveys and down valuations on your mortgage journey, our team can help you overcome these.
Our Customers Love Us
4.97 Rating255 Reviews
Megan and Wayne have been great throughout. Both really easy to work with and on top of things at every step of the process. Thanks a lot.
Excellent service by Malcolm, Paula & Meghan. We completed our purchase last week in what was supposed to be a very difficult case due to my bad credit and limited trading history as a director of LTD company. UKmoneyman dug out a lender that...
Very good service received. Wayne is very knowledgeable and helpful especially with me been a first time buyer. Also very accommodating with timings and I was able to have chats later on a night to fit my schedule. Very supportive all the way...
So far so good ! The first point of contact was lovely, made me feel at ease and very knowledgeable.
Absolutely fantastic service from the start, in helping getting a mortgage. Charlie always replied to my messages as quickly as possible and was very clear, thorough and calming through the whole process, cutting out a lot of worries had I not used...
Great help from the team, helped find exactly what we were after, and was an easy straight forward process. Being self employed it can be tricky however there were no problems with the help and advice we received.
Very helpful and efficient service. Wayne, the financial advisor who handled our case was thorough and professional, he gave us some very useful information and importantly sourced a good mortgage for our needs. Once we had a mortgage offer in...
From start to offer leo and jo have been great and done everything so quickly and I have not had to stress once been to other broker companies and this is the best by far will definitely use them again 😊
My initial interaction with Faye from UK money man has been really personable and I felt like she understood my needs very well. I’m hoping they can help deliver what I need and I didn’t feel any pressure to have to go further with my...
UK Moneyman have been super helpful and reliable. Have always been able to count on them getting back to us quickly and made us feel comfortable checking anything out we were not really sure about. They made the whole process as easy and hassle free...
The team were fantastic, in finding the product for me. Jo also walked me through what to expect when purchasing your first home I.e. time frames, and answer my many questions. Also their after care has been great, checking in on how the purchase is...
Myself and partner used UK Moneyman for our first time buyer mortgage. We’ve had round the clock care well above the norm. Multiple routes forward regarding which mortgage to go for with lots of information to help prepare us through the...
I cannot thank the UK Moneyman service enough. Securing a mortgage meant more than just that to me, it was – is - a life chance. However, because of my credit history, I didn’t think that it could be done. Right from the start of the...
Leo and Kayleigh have been great from the first phone call that I made to them. They have both helped us each step of the way and it has been a great comfort to my wife and me that everything had been taken care of by them both. We will definitely...
Ryan and Kayleigh were incredibly helpful and always available to answer our questions whenever we needed - and we had a lot of them as we are first time buyers who didn't have a clue about any of the process to begin with! They secured our...
UK money man where so helpful. Chloe and Joe was amazing with us. Stayed in contact with us giving advice and updates, so glad we chose UK money man! Thanks for all your help.
Amazing, when ne and my partner first looked into buying a house, we had no idea about how to get a mortgage or anything. Moneymen were extremely helpful all the way through and sorted everything smoothly and efficiently! Very happy, will use again...
We’re so glad that we decided to use UKM to help us through the process of buying our first home, they took most of the stress off our shoulders and we’re always there to answer any queries. Would definitely recommend them to anyone...
I found Dinah at Harrogate Moneyman to be extremely supportive. She listened carefully to our needs, proposed solutions and followed up closely. A great service - I’d recommend Harrogate Moneyman to anyone looking for mortgage options.