Buy-to-Let Mortgages
Whether it's your first rental, a limited company purchase or a growing portfolio, we search the whole market for lenders whose criteria fit your plans.
First-time and accidental landlords
Letting for the first time, or keeping your current home when you move? We explain the options, from consent to let to a full buy-to-let remortgage.
Limited company (SPV) purchases
Many landlords now buy through a special purpose vehicle. We arrange mortgages for SPVs and work alongside your accountant.
Portfolio landlords
With four or more mortgaged properties, lenders look at your whole portfolio. We help you put together what they need and find the right fit.
Remortgaging and releasing equity
Reviewing rates when deals end, or raising money from existing properties to fund your next purchase.
Buy-to-let calculator
See the rental yield and roughly how much you could borrow based on the rent, using typical lender assumptions. Every lender's rules are a little different, which is exactly where we can help.
Adjust lender assumptions
For cash flow
Letting fees, insurance, maintenance, service charge, voids.
Indicative maximum loan
£203,000
Limited by the rent. To borrow the full 75% (£225,000), the rent would need to be about £1,496 a month.
Deposit needed
£97,000
before costs
Gross yield
5.4%
net 4.6% after costs
Interest-only payment
£846
a month at 5%
This is an illustration for general information only. It is not financial, tax or legal advice and does not take your personal circumstances into account. Lenders differ: interest cover ratios, stress rates, and how they treat 5-year fixes, portfolio landlords and top-slicing with personal income all vary, so the amount available to you could be higher or lower. Cash flow ignores tax; landlords' tax rules are complex, so take tax advice. Most buy-to-let mortgages are not regulated by the Financial Conduct Authority.
Common questions
How much deposit do I need for a buy-to-let? +
Usually at least 25% of the property value, although some lenders go to 80% loan-to-value and better rates are often available with 35–40% deposits. The rent also has to pass the lender's rental cover test, which can mean a bigger deposit is needed.
How do lenders work out how much I can borrow? +
Mainly from the rent. Lenders check the rent covers the mortgage interest by a set margin (the interest cover ratio, often 125% or 145%) at a "stress" interest rate. Some lenders also allow your personal income to make up a shortfall, known as top-slicing.
Should I buy in my own name or a limited company? +
It depends on your tax position, plans and how many properties you own. Higher-rate taxpayers often consider a limited company because of how mortgage interest is treated for tax, but there are costs and other considerations. We arrange the mortgage either way, and recommend you take advice from an accountant on the tax side.
Can I let my current home instead of selling it? +
Yes. Your lender may agree "consent to let" for a period, or you can remortgage to a buy-to-let mortgage. Buying your next home while keeping the first usually means paying the higher rates of stamp duty.
Do you help portfolio landlords? +
Yes. Landlords with four or more mortgaged properties are assessed as portfolio landlords, and lenders usually want a business plan, a property schedule and cash-flow figures. We help you prepare them and find lenders that suit your portfolio.
The Financial Conduct Authority does not regulate some forms of buy-to-let mortgage. See also our glossary and stamp duty calculator (choose "Additional property").
Planning a buy-to-let purchase?
We search the whole market, explain your options in plain English, and there is normally no fee for our mortgage advice.