Mortgages
Buy To Let
Whether you’re an experienced landlord or a first-time investor, a buy to let mortgage could be your key to stepping into the rental market. Our expert mortgage advisers understand the different lender criteria and will help you navigate the process to find the right deal for your investment goals.
A buy to let mortgage can be a great way to generate monthly rental income or build long-term wealth through property value appreciation. However, it’s important to remember that rental income isn’t always guaranteed, and there may be periods where your property is vacant. That’s why finding the right mortgage is essential!
Got questions? You’re not alone! Check out our frequently asked questions below, or get in touch with one of our expert advisers for tailored advice.
What is the Minimum Deposit for a Buy to Let Mortgage?
- The minimum deposit required for a buy to let mortgage is 20% of the property’s value.
- However, most investors choose to put down 25% or more—this often unlocks better mortgage rates and increases the chances of approval.
Where Do I Start?
The best place to start is by checking if you meet the lender’s criteria, which usually includes:
✔️ Personal income – Some lenders require a minimum annual salary.
✔️ Expected rental income – Rental earnings usually need to cover at least 125-145% of the mortgage payments.
✔️ Deposit amount – A higher deposit often leads to better mortgage deals.
✔️ Landlord experience – Some lenders prefer experienced landlords, but there are options for first-time investors too.
✔️ Occupancy status – Lenders may have different rules if you’re planning to live in part of the property.
Once you understand your options, you can start searching for the perfect investment property and obtain an Agreement in Principle (AIP) to show estate agents you’re a serious buyer.
Can First-Time Buyers Get a Buy to Let Mortgage?
Yes! Some lenders offer buy to let mortgages for first-time buyers, although the criteria may be stricter. Our advisers can help you explore the options available.
Can I Let My Home and Buy Another Property?
Yes! This is known as Let to Buy, where you:
- Remortgage your current home onto a buy to let mortgage (sometimes you may be able to release equity in the process).
- Use the released funds as a deposit for your new residential home.
- Take out a residential mortgage on your new property.
This is a popular strategy for homeowners looking to move while keeping their existing property as an investment.
Ready to Take the First Step?
A buy to let mortgage can be a smart investment, but it’s important to find the right deal. Our expert advisers are here to guide you through the process and help you secure the best mortgage for your needs.
Get in touch today to discuss your options and take the first step toward property investment!
