Buy To Let

Individual properties and portfolios

In most cases the mortgage amount is based on the rental income.  The rental income is assessed by the lender's surveyor who will look at the market rent for that type of property.

If you're borrowing in your personal name we may be able to use some of your excess personal income to help cover any rental income shortfall if required. 

Most lenders expect the borrower to have earnings from employment or self-employment other than rental income of at least £25,000 per annum.

Although there are some lenders who do not require income proof if you are a homeowner or have other buy to let properties.

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Also, if your income is solely derived from rental properties there are lenders who can help you, so please contact us to discuss.

The maximum loan is generally 80% of the property value with the best rates at 75% or lower.  We find that most rental incomes tend to allow 75% or less.

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We can arrange finance on residential buy to let portfolios with loans between £500,000 and £25m.

Some of these lenders are also able to lend to corporate entities with offshore trusts.

Generally the maximum facility is between 65% to 75% of the property value.  The higher the loan to value the higher the rates.

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Regulated or Non-Regulated.

Buy to let mortgages fall into three categories, Consumer buy to let, Regulated buy to let and Commercial buy to let.

If you have ever lived in the property to be let or are intending in the future to live in the property then this may be classified as a consumer buy to let mortgage.  We will confirm to you which category your application falls into.

Not many mortgage brokers have the necessary permissions with the financial conduct authority (FCA) to advise properly on consumer and regulated buy to lets. There are plenty of lenders in this area and we are fully authorised by the FCA to help you and give you the correct advice.