Buy to Let


Are you looking for a buy to let mortgage? If you are planning to buy a property to rent out you will need a buy-to-let mortgage.

The type of buy-to-let mortgage can be arranged on repayment or interest only option. The interest rate on the mortgage can be fixed or variable. Fixed rates means that the payments would not fluctuate, and variable rates means that the payments may go up or down in line with the Bank of England base rate.

Lenders calculate how much they are willing to lend using a different formula than for an owner-occupied property. They tend to look at the expected monthly rental income to determine the maximum loan available. Depending on the lender, borrowers might also be allowed to include their own personal income in the calculation for the maximum amount that they can borrow. Landlords might also be required to have a separate annual income of at least £20,000 but this will vary dependant on lender.

Call us for your FREE quote on 0114 247 5000 or contact us and we will call you back!


*not all Buy to Let mortgages are regulated by the Financial Conduct Authority


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