Buy To Let Mortgages

Looking to invest in property? Whether you're a first-time landlord or expanding your portfolio, our expert advisers can help you find the right buy-to-let mortgage from across the whole market.

What is a Buy To Let Mortgage?

A buy-to-let mortgage is designed for properties you plan to rent out rather than live in yourself. They work differently from residential mortgages, with most requiring a larger deposit (typically 25%) and being assessed based on potential rental income rather than your personal salary.

BTL Mortgage Requirements

• Deposit - Usually 25% minimum, though some lenders accept 20%
• Rental income - Rent must typically cover 125-145% of the mortgage payment
• Minimum income - Some lenders require a minimum personal income of £25,000
• Age - Most lenders require you to be at least 21
• Property type - Standard residential properties are easiest to mortgage

Types of Buy to Let Mortgages

• Fixed rate - Your interest rate is locked for a set period (2, 3, or 5 years)
• Variable rate - Your rate can change with the Bank of England base rate
• Interest only - You only pay the interest each month, keeping payments low
• Repayment - You pay back the capital and interest, building equity over time