Buy to Let

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Trusted buy to let advice

A buy to let mortgage is a loan designed for those who want to buy property as an investment rather than a home. Buy to let mortgages are a good option for both experienced investors and homeowners wanting to enter the rental property business.

However, obtaining a buy-to-let mortgage is much more difficult than securing a standard home mortgage. Not only do you need to meet specific requirements for it, but there are also many different mortgage providers and types of buy-to-let mortgages to sift through. Additionally, the 2020 tax reforms for landlords raise the question of whether or not buy-to-let mortgages are still financially feasible.

Our mortgage advisors can help you determine feasibility by providing you with all the knowledge you need to make an informed decision.

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Buy to let options

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Call now: 020 3866 9517 

Buy to let, is it for me?

Buy to let (BTL) mortgages facilitate property investors and private landlords who wish to buy a property to rent out to make a profit, like a business. The laws for buy to let mortgages are similar to traditional mortgages, but there are a few important distinctions. Here is a look at how buy to let mortgages work, and how to get started.

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                                   Buy to Let facts and guides                                   

How it works?

 A buy-to-let mortgage facilitates those who want to buy property as an investment rather than a home.

lenders wont allow you to purchase a buy to let using a standard residential mortgage

Instead, they would recommend getting a buy-to-let mortgage which is designed for experianced home owners that wish to invest their capital for a monthly return.

How to get started?

Buy-to-let mortgages are a good option for both experienced investors and homeowners wanting to enter the rental property business. However, not everyone is eligible for them: BTL mortgages are costlier than traditional mortgages and need deposits ranging from 25% to 40%. 

The majority of homeowners take out an interest-only mortgage for the property they have chosen. They pay the interest on the loan, usually from the rental proceeds they receive. The capital loan – the total value of the mortgage – is paid off via the sale of the property or by remortgaging the property and handing the asset down to a beneficiary.

Interest only or repyament?

The majority of homeowners take out an interest-only mortgage for the property they have chosen.

They pay the interest on the loan, usually from the rental proceeds they receive.

The capital loan – the total value of the mortgage – is paid off via the sale of the property or by remortgaging the property and handing the asset down to a beneficiary.

Would I qualify

You can qualify for a buy-to-let mortgage if you meet the following criteria:

  • You are within the qualifying age bracket. Lenders usually have upper age caps at around 70 to 90 years old. That is the maximum age before the debt is paid off. For instance, if you take out a 20-year mortgage when you are 55, the loan will be paid off when you are 75.
  • You are looking for a flat or house to invest in.
  • You make more than £25,000 a year. If you make less than this, you can still get a buy-to-let mortgage approved, but you will have a limited number of lenders to choose from and rates may be higher, depending on your circumstances. 


We have access to 55 of the UK's best known lenders

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Santander



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Natwest



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BM Solutions



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