Buy to Let Mortgage Brokers

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Find the Right Buy to Let Mortgage For You

Specialist Buy to Let Mortgage Broker in the UK

One Buy To Let are a buy to let mortgage broker, bringing a fresh enthusiasm backed by a near two-decade’s worth of experience in the UK financial market. Working in this market since 2001, we’ve been able to create great connections, which has further helped us in offering a service that’s world class.

A buy to let mortgage (or BTL) is essentially a mortgage for landlords. These types of mortgages can be used to help individuals purchase a property with the intent of renting it out.

The rules that surround BTL mortgages are fairly similar to the standard type of residential mortgage, however there are some significant differences between the two. This is  because buy to let mortgages are taken out specifically for the purpose of the owner to rent out the property, whereas the more standard residential mortgage is used to help purchase the owner’s home.

Key Features of a Buy to Let Mortgage

Aside from their purpose, buy to let mortgages have a number of other key features that distinguish them from other types of mortgages. This includes, but is not exclusive to, the following features:

Buy to let mortgages deposit: The minimum deposit for BTL mortgages is often around 25% the value of the property, but can range between 20% to 40%.

Buy to let mortgages interest only: The majority of BTL mortgages will only require you to pay the interest per month. When the mortgage term comes to its end, you will be required to pay the full amount for the original loan.

Buy to let mortgages rates (interest): Interest rates for BTL mortgages are typically higher than regular mortgages.

Buy to let mortgages regulation: The Financial Conduct Authority (FCA) does not regulate the majority of BTL lending, however, there can be exceptions to this.

Whilst the FCA may not regulate most of this type of lending, if, for example, the mortgage is considered a consumer buy to let, arranging, advising, administering and lending of such mortgages will be covered by the same laws governing residential mortgages, and will therefore be regulated by the UK’s financial watchdog.


Am I Eligible for a Buy to Let Mortgage?

As with any type of mortgage, for those wanting to apply for a buy to let mortgage, you will have to meet certain eligibility criteria. For those considering such a mortgage, it’s important to check that the following circumstances apply to your situation:

  • You own your home – this can be outright or via an outstanding mortgage.
  • You are wanting to take out this mortgage for the purpose of renting it to others.
  • You fully understand any and all risks that apply to such a property investment, and are effectively prepared for such risks.
  • Your annual earnings are £25,000 or over.
  • Your credit rating is adequate for the lender’s criteria.

Age limits may also apply for BTL mortgages. This limit is not referring to when you take out the mortgage, but for when it comes to its end – e.g. you will have to be below a certain age when the mortgage ends. Lenders may differ in terms of their age limits.


How Do I Apply?

Before applying for a specific buy to let mortgage, it can help to speak to an expert in this field – which is exactly what One Buy To Let are. We can help to get you connected with our trusted brokers and lenders in the buy to let market. Simply fill in our enquiry form to get the process started. You can get free, no-obligation advice from the One Buy To Let team.


What Information Do I Need to Provide 

To complete our online enquiry form, you’ll have to have a few personal details to hand, including the following:

  • Your full name.
  • Contact details (e.g. e-mail address, phone number).
  • Post code.
  • The value of the property in question.
  • The value of the mortgage required for said property.
  • The type of property (e.g. residential house, flat, maisonette, commercial property).
  • The amount of other rental properties you hold.

We may need to get some more details from you once completing the enquiry form, in which case we’ll give you a quick call with the details you’ve provided.


Which Areas Do One Buy To Let Service?

One Buy To Let are comprised of an expert team, of which work with buy to let lenders in a variety of different areas across the UK, including:

  • Birmingham
  • Glasgow
  • Liverpool
  • London
  • Manchester
  • Newcastle

For those interested in taking out a buy to let mortgage within these areas, get in touch with our team, who will be able to advise you further in your request.

What LTV can I get for a buy to let mortgage?

The LTV you can get on a buy to let mortgage will vary depending on numerous different details of your situation. You can get buy to let mortgages 70% LTV and buy to let mortgages 80% LTV, however the specific LTV offered to you will vary dependent on your circumstances. Speak to a member of our team to find out more.

Can I apply as a first time buyer?

Yes, you can apply as a first time buyer, however, you will probably face limitations in terms of lending options. This is the case as a significant portion of lenders out there will require successful applicants to own their own home/residential property.  

How much deposit will I need for a buy to let mortgage?

As previously touched on, 25% is typically the minimum deposit required for a buy to let mortgage, but this can range from anywhere between 20% to 40%.

Can you get buy to let mortgages for limited companies?

You are able to invest in BTL properties via a limited company. This may be more beneficial than a standard buy to let mortgage, as it could help you to save money on tax, and can also enable you to better separate and manage your finances. However, whether this option will be beneficial to you depends on your circumstances, speak to our team to find out the buy to let mortgages right for you.

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Buy to Let News

Not only do we regularly help people and businesses searching for a buy to let mortgage but our website regularly provides industry updates on the sector.

Naturally we want to help our customers speak to buy to let lenders that can help – but we also want our customers to use us for trusted financial services news and updates so they are kept well informed.

Check back regularly or follow us on Twitter and we will update you on all that is going on in the UK buy to let market.

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Here you can find all the latest news and updates from One Buy Tolet