Mortgage

Buy-to-let

What you need to know

A buy-to-let (BTL) mortgage is designed specifically for those who want to buy and rent out a house or flat. There are around 40 buy-to-let lenders in the UK and numerous subtly different products. Buy-to-let mortgage products are usually interest-only, meaning you pay interest each month but only pay off the balance at the end of the period of the loan. Interest on buy-to-let mortgages tends to be higher and you’ll usually have to pay a deposit of between 20% to 40% of the property’s value. There are three main types of BTL mortgage: fixed-rate, discount variable and tracker.

Get the right mortgage

It’s not necessarily about chasing the lowest interest rates or most favourable deposit terms. We’ll look carefully at your circumstances and what you’re aiming to achieve – one additional property, or two, or the beginnings of a serious portfolio? Then we’ll research the market and select BTL mortgage products that offer the best balance of risk and affordability. We’ll always give you options, explaining the pros and cons, along with a clear recommendation, to support your final decision.

As a mortgage is secured against your home or property, it may be repossessed if you do not keep up the mortgage repayments.

The financial conduct authority does not regulate commercial buy-to-lets.

Let’s talk buy-to-let

Start exploring the mortgage options for your rental property purchase by getting in touch today and telling us a bit about yourself.

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