Buy to Let

With many people still struggling to meet the lending criteria required to buy their own home, the demand for rental property is still strong in many parts of the country.

Buy to let mortgages can be harder to secure now than in previous years, with lenders requiring larger deposits of around 25% of a rental property’s value in return for a buy to let mortgage (the best deals are available for buyers who have a deposit of 40% or more). Also, recent changes in legislation means that you will be paying a higher rate of stamp duty for an investment property.

When you apply for a buy to let mortgage, the amount a lender will be willing to offer will depend on the property’s rental yield. Therefore, it’s essential that you do your homework and ensure your expectations are realistic before applying for a buy to let mortgage.

Also, you can expect to pay a higher interest rate on a buy to let mortgage than you would for a residential mortgage, and your arrangement fees may be higher.

There are plenty of competitive deals on the market for individuals and LTD companies, so talk to us to find out which deal is right for you. We also have access to providers who can lend where renovation is required and even where the property isn’t currently habitable.

How it works

Initial chat

Once we have a clear understanding of your circumstances we can provide guidance and organise which lender and mortgage deal would be most appropriate for you whether your goal is for long-term capital growth or to maximise your income.

Determine your budget

It’s important to determine how much you can afford to borrow before you start looking for properties. However, with a buy-to-let mortgage, lenders will typically look at the potential rental income from the property as well as your personal finances.

Consider extra costs

Make sure to consider extra costs, such as: EPC rating and potential improvements needed to energy efficiency of a property, Electrical safety report, Gas safety certificate, Smoke/carbon monoxide alarms, Letting agent fees, Landlord registration/licence, Landlord insurance, Ongoing maintenance and repairs and finally Additional tax for buying an additional property (6% in Scotland and 3% in England)

Mortgage agreement in principle

Before you make an offer on a property, it can be helpful to get a mortgage agreement in principle. This is a statement from a lender that they would be willing to lend you a certain amount of money based on your financial information.

Apply for the mortgage

Once your offer has been accepted, you can apply for the buy-to-let mortgage. In addition to your personal financial information, the lender will also want to see information about the property, including rental income projections and the expected costs associated with maintaining the property.

Appraisal and inspection 

The lender will order an appraisal of the property to determine its value, and you may also want to have a home inspection to identify any issues that could impact your investment.


If everything checks out, you’ll go to closing. This is when you sign all the paperwork and pay closing costs. Once the paperwork is complete and the funds have been transferred, you’ll become the owner of the property and can begin renting it out.

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