Buy To Let

What is a Buy to Let Mortgage and How Does It Work?

If you’re looking to purchase a property with the sole intention of renting it out to tenants, you will need a specific type of loan known as a buy to let mortgage.

Whether you are taking your very first step as a landlord or you're an experienced investor expanding an existing property portfolio, navigating the buy to let market requires a different strategy than buying a home to live in.

Here is why lenders treat buy to let mortgages differently:

• It's based on rental income: Instead of just looking at your personal salary, lenders primarily assess how much rent the property is expected to generate to ensure it covers the monthly mortgage payments.

• Higher deposit requirements: Buy to let mortgages generally require a larger deposit than a standard residential mortgage (usually 25%).

• Interest-only options: Many landlords choose an interest only buy to let mortgage, keeping monthly costs low while relying on the property's value to grow over time.

With the right mortgage advice, you can maximise your investment and build a property portfolio that truly works for your future. For advice on tax, please seek independent financial advise.  We’re here to handle the heavy lifting and match you with the best buy to let deals on the market.