Let's find you the best deal then

alternatively you can...


If you have some questions, maybe we've already answered them for you

  • How much could I borrow on a buy to let mortgage?

    Unlike a residential mortgage, where the amount you can borrow is based on your salary and your outgoings, a buy to let mortgage is assessed on the rental income that the property is likely to generate. Lenders will typically need the rental income to be at least 125% of the monthly mortgage payments (on an interest only basis) which means that means that if your mortgage will cost £800 a month, the rent will need to be at least £1,000 a month.

    Most lenders will also require you to be earning an income yourself. Try our buy to let calculator to see how much you could borrow.

  • How much deposit do I need?

    As with any type of mortgage, the more you can put down as a deposit, the better the mortgage deal you could get. A lower mortgage rate means lower monthly payments and a greater margin between your rental income and your mortgage costs.

    As a rule, you’ll need a deposit of around 25% or more of the property’s value, although some lenders will require as little as 15%, provided the rental income is sufficient.

  • Do I need a tenancy agreement?

    If you are a private landlord and renting a property that will be your tenants’ home, then you’re likely to need an Assured Shorthold Tenancy (AST).

    When applying for a buy to let mortgage, the mortgage lender will insist that you have an AST and may ask to see a copy. There’s more information about tenancy agreements on the GOV.UK website here – www.gov.uk/tenancy-agreements-a-guide-for-landlords.

  • Can I buy a buy to let property as a first time buyer?

    The simple answer is yes, but you may be limited when it comes to getting a mortgage. The first question to ask is, are you a first time landlord or a first time buyer?

    This is key as a large percentage of lenders need you to own your own residential property (possibly for at least six months) before they will offer you a buy to let mortgage. Some lenders just need you to own a property, so you could have another buy to let property but live in rented accommodation.

    If however you are a complete first time buyer (or don’t currently own a property) then your mortgage options will be limited. An adviser will know the best lenders to speak to if you fall into any of these categories.