Buy-to-Let Mortgages

If you are planning to buy a property to rent out, you are likely to require a buy-to-let mortgage. As many existing landlords already know, this market has changed considerably over the last couple of years. However, there are still an array of mortgages available out there.

A Buy-to-let mortgage is a mortgage designed specifically for an investment property, rather than a place to live, which one intends to rent out in order to earn an income. A Buy-to-Let property can be a welcome asset for a landlord with a portfolio of properties or someone looking to embark on the exciting opportunity of becoming a first-time landlord.

We aim to help you find a competitive Buy-to-let mortgage from our comprehensive range of products from our panel of lenders, whether you are buying an investment property or remortgaging an existing one.

If you are thinking of buying a property to let, the mortgage is one of the most important considerations. Many banks and building societies offer Buy-to-let mortgages, specifically for landlords, as you cannot use a standard residential loan.

Buy-to-let mortgage rates

Buy-to-let mortgage rates vary and are dependent on the risk of the mortgage to the lender as well as the size of the purchaser’s deposit. Buy-to-let mortgages rates are often higher than residential rates.

With a Buy-to-let loan, mortgage lenders tend to evaluate the expected rental income and some may require a minimum earned income too.

You can usually choose between a range of mortgage deals, including fixed rate and tracker loans. Other considerations include whether an interest-only or a capital repayment and interest mortgage is more appropriate. Arrangement fees may also apply and they can be high.

With all these different decisions, it is always advised to seek professional guidance. At Windom Finance, we are ready to assist you with your next investment property purchase.

Your property may be repossessed if you do not keep up repayments on your mortgage.

The Financial Conduct Authority do not regulate some types of Buy-to-Let Mortgages.