Buy-to-Let Mortgage
Buy-to-Let mortgage deals
Comparing mortgage deals is daunting when you’re starting out. So we put all our latest offers – sourced via our expert comparison tool – in one place. Our mortgage advisors will happily talk you through them.
Buy-to-Let calculators
You’ve seen a spectacular property. In your dreams you already live there – but can you afford it? Introducing our mortgage calculator, the most reliable tool in the business when you need to number crunch fast.
Buy-to-Let calculators
You’ve seen a spectacular property. In your dreams you already live there – but can you afford it? Introducing our mortgage calculator, the most reliable tool in the business when you need to number crunch fast.
Buy-to-Let information
When you’ve worked hard to buy your first home, securing your first mortgage shouldn’t be taxing. Jargon-free and user-friendly, our mortgage guide tells you all you need to know.
Let Us Guide You
Check out our essential guides on all you need to know about the mortgage process.
What is a buy-to-let mortgage?
A buy to let mortgage is designed for people who are interested in buying a property that they want to rent out as an investment. If you are looking to make money by renting out your property instead of living in it, then a buy-to-let mortgage is the type of mortgage you will need.
Why use a mortgage broker for your buy-to-let mortgage?
A mortgage broker can help you find the best buy to let mortgage deal by using their expertise to navigate the process, saving you time, effort, and money.
Who is eligible for a buy-to-let mortgage?
For lenders, a buy to let mortgage deal is seen as higher risk. They work quite differently to standard residential mortgages because lenders are looking at the rental income you will receive (rather than just personal income).
How much deposit do I need for a buy-to-let mortgage?
Remortgaging means switching to a new deal, either with your existing lender or a different one, while still living in the same home.
Buy-to-Let FAQs
Buy-to-Let mortgages typically require a minimum 25% deposit (75% loan-to-value), though some lenders may ask for 30-35% for higher-risk properties (e.g., HMOs or holiday lets). Your deposit size affects rates and affordability checks, which focus on rental income (must cover 125-145% of monthly payments at a 5.5-7% stress rate). First-time landlords or those with complex portfolios may need larger deposits. At Property Finance Choices, we’ll match you with lenders offering competitive terms for your deposit level and property type—no guesswork, just tailored solutions!
Yes! Many lenders cater to first-time landlords, though they may require a larger deposit (25-30%) and proof of personal income (e.g., £25k+ annually) alongside rental income projections. Some also ask for experience managing rentals or a solid exit strategy. We’ll guide you through lender criteria, help structure your application, and connect you with “first-time friendly” providers—turning your property investment ambitions into reality, stress-free.
Recent tax changes (like Section 24) limit mortgage interest tax relief to 20%, and you’ll pay income tax on rental profits. Incorporation (using a limited company) can reduce tax liabilities but requires a specialist mortgage, often with higher rates. Stamp Duty also applies (3% surcharge on second homes). We’ll explain tax implications, compare personal vs. company structures, and find lenders aligned with your financial strategy—maximizing returns while staying compliant.
Yes, but options depend on credit severity (e.g., defaults, CCJs) and deposit size. Specialist lenders accept adverse credit if you have a 30-40% deposit and strong rental coverage (140%+ at stress rates). Rates may be higher, but remortgaging can still help consolidate debt or improve cash flow. We’ll negotiate with lenders who prioritize property potential over past credit issues, ensuring you secure workable terms.
Remortgaging a Buy-to-Let involves switching to a new deal (with your current lender or a new one) to lower rates, release equity, or adjust terms. Lenders reassess rental income (125-145% coverage), property value, and your credit history. Early repayment charges may apply if exiting a fixed term early. We’ll handle valuations, compare deals, and ensure savings outweigh costs—keeping your portfolio profitable and growth-focused.
