Buy to Let mortgages
There are many different ways to become a landlord. Perhaps you’ve seen a property that you’d like to purchase with a view to rent out, or you could have inherited a property that you want to keep, but not live in.
Whatever your situation, we have many years of experience helping first time and highly experienced landlords across the UK.
Becoming a landlord
There are two ways that you can seek to make a return on your Buy to Let investment:
Rental income depends on factors like the size, condition and location of your property. The quickest way to get an idea of your property’s potential income is to contact a local estate agent for an estimate, just as you would if you were selling a house.
Capital growth, this term is commonly used to describe the change in a property’s value over time.
Just like with all property purchase decisions, you need to have calculated your likely incomings and outgoings. Remember, that whatever you earn in income, will have to cover maintenance, repairs, management fees, any mortgage payments on the property, and empty periods in between tenants.
Becoming a landlord can be financially rewarding, but make sure you understand your costs and obligations before you change your day job.
Features and benefits
You can borrow up to 75% of the property value (Loan To Value).
A range of capital repayment and interest only mortgages available.
We have deal periods ranging from 2 to 10 years, with and without fees.
Benefits include free valuations, free standard legals and cashback, depending on the product selected. Conditions apply.
There is no limit to how many properties you can purchase.
You will have a dedicated, expert team to support you through your application.
To apply for a Buy to Let mortgage
You need to:
- be over 21 years old.
- be a UK resident with at least 3 years of UK address history.
- buy a property in England, Wales or mainland Scotland.
- be borrowing over £25,000.
Ways to apply
Call our expert Buy to Let team to discuss your options:
Monday to Friday, 8am to 6pm.
Saturday 8:30am to 4pm.
Closed Sundays and bank holidays.
UK: 03457 30 20 10
Mortgages are secured on your property. You could lose your property if you do not keep up payments on your mortgage. Mortgages are subject to underwriting and criteria. Minimum age 21, UK residents only.