In plain English
Buy-to-let mortgages work differently from a mortgage on your own home. Lenders usually look at the rent the property is expected to bring in as well as your own income, and they normally ask for a bigger deposit. Many landlords choose interest-only, which keeps monthly payments lower, with the loan repaid when the property is sold.
A good fit if…
You’re buying your first rental property, adding to a portfolio, or remortgaging a property you already let out.
Worth asking us about
Buying through a limited company, interest-only vs repayment, and how lenders assess rental income.
Questions people ask us
How much deposit do I need for a buy to let?
Usually more than for a residential mortgage, often around 25% of the property’s value, though it varies by lender. We’ll find the lenders that fit your plans.
Can I let out my current home instead of selling it?
Possibly. You may need your lender’s permission or a new buy-to-let mortgage. Talk to us before you move out so it’s set up properly.
Do I need to be an experienced landlord?
No. Some lenders welcome first-time landlords. Criteria vary, so we’ll match you with the ones that suit your situation.
How it works
- Drop us a message
- Have a proper chat
- We keep looking after you