Buy to Let

Buying to let

You may be looking to buy your first rental property or you may already have a portfolio and want to look at options for a new deal or to capital raise. 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 like a residential mortgage application but with a few differences. These differences include the amount you could borrow and how much deposit you will need.

Working out if you're eligible and if you can afford it

The amount you can borrow is based on how much rent the property can generate versus the cost of the mortgage. As an indication, lenders often require:

• your expected rental income to be at least 125% of the monthly interest payments
• a minimum deposit of 25% (35% on a new build property)
• the property to be worth at least £50,000
• your borrowing will be less than £3.5 million

Understanding your responsibilities as a landlord

There are a lot of requirements that you need to adhere to when renting out a property. These include contracts, deposit protection and certificates for the gas and electric. It's important to understand these responsibilities before going ahead.

How we can help?

We have a comprehensive knowledge of the buy to let market and whether you're an individual or a limited company, with whole of market access you can be assured to receive the most suitable product and solution available.