Buy to Let Loans
Our buy-to-let mortgages could help you make a success of your investment, whether you’re a first-time buyer or building up your property investment portfolio.
A buy to let, or buy to rent, mortgage is for a landlord who wants to buy a property to rent out.
The application is similar to a residential mortgage application, but with a few differences.
These differences include the amount you can borrow and how much of a deposit you will need.
We can help you take the next step with our range of buy-to-let mortgages and remortgaging options.
Key Features
Away of accessing funds to buy or remortgage a property portfolio.
Questions We Get Asked
Please get in touch with your advisor if you have any more queries.
Contact usHow do buy-to-let mortgages work?
Mortgages for buy-to-let properties are typically offered on an interest-only basis.
This means that during the mortgage's duration, you will only make interest payments and not capital contributions.
Although you'll be able to reduce your monthly expenses in the short term, it's crucial that you have a plan in place to either pay off the entire loan or refinance at the conclusion of your mortgage term.
How much deposit do I need for a buy-to-let mortgage?
To get a mortgage on an investment property, you'll generally need a deposit of at least 25% of the value of the home.
Mortgages for buy-to-let companies
Cuts to mortgage interest tax relief and wear and tear allowance have resulted in some landlords setting up company structures for their buy-to-let portfolios.
Affordability rules for landlords
There are plenty of enticing mortgage offers out there for landlords, but you'll need to prepare yourself for strict affordability tests.
What is top slicing?
Some banks adopt a more holistic approach to lending by using a system known as "top slicing."
Top slicing takes into account a landlord's personal income away from their portfolio—such as a salary or pension—and includes it in affordability assessments.
This means that if you have significant earnings away from property, you could theoretically use your personal income to bridge any shortfall when you're assessed by lenders.