Buy to Let Mortgages

We search the market to find you the best deal for your investment property

Looking for a specialist buy-to-let mortgage broker?

Are you looking for information or advice about buy to let mortgages? We are expert BTL brokers in the financing of rental properties and can

answer your questions to help guide you to reach your desired goals.


Specialising in portfolio landlords, or investors who are first timers, we can help secure you the best mortgage for your needs saving you time and money.


Most Buy to Let Mortgages are not regulated by the Financial Conduct Authority.


What is a Buy to Let Mortgage?

Buy to Let mortgages are a type of home loan that allows you to buy property to rent to tenants for a profit. Buy to Let mortgages can be full repayment or interest-only. We will help you decide what is best for you


How do they differ from residential mortgages?


Apart from the fact that the owner of the property is not able to live there permanently, the main difference in a Buy to Let and a residential mortgage is how affordability is assessed. BTL lending is primarily based upon the rental income the property can generate. The mortgage payments must be covered by the projected rental income, which is calculated using current interest rates.

 

Buy to Let Categories

From new landlords to established property investors, get expert advice from NJW Financial. Together we can make the difference.

Standard Buy To Let

This is where a person wants to purchase or remortgage up to 3 investment properties. A lender will consider each property on their own merits. 

Portfolio Buy to Let

If a person holds more than three buy to let mortgaged properties, they are treated as a 'Portfolio Landlord'. This means the lender will review your portfolio as a whole as part of their process for approving a new purchase or the remortgage of an existing investment property as opposed to just the property in question.

Ltd Company Buy to Let

Subject to taking appropriate advice, it can be more tax-efficient to hold properties in a limited company. The company itself becomes both the borrower and the legal owner of a buy to let portfolio. Generally the costs of arranging these types of mortgages are higher than Standard Buy to Let Mortgages.

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Frequently Asked Questions

  • How do you get a buy to let mortgage?

    A minimum deposit required for buy to let mortgages is typically 25% of the property’s value. However, it can vary from 20-40%. BTL mortgages typically have include an interest-only policy. You only pay interest per month and not the capital. You repay your original loan fully at the end of your mortgage term.

  • Is there a minimum income requirement for a mortgage to buy to let?

    Lenders will most often offer a mortgage to buy to let with no income requirements to those who are able to show proof that their income supports them. This can include any income, so long as you have a sustainable financial position.

  • Can I buy a Buy to Let Property as a First-Time Buyer?

    While the simple answer to this question is yes, your options for getting a mortgage may be limited. First, ask yourself if you are a first-time landlord or buyer. This is important as many lenders require you to have your own residential property for at least six months before you can be approved for a Buy to Let mortgage. You may not need to own a property to qualify for a Buy to Let mortgage. However, you might be able to rent a home and still have responsibilities to the lender.


    Your mortgage options are limited if you're a first-time buyer or don't own a property. If you fall within any of these categories, an adviser can help you find the best lenders.

  • What's a House In Multiple Occupation (HMO)?

    Your property may become a 'House in Multiple Occupation' (HMO) if it is being let out to multiple tenants that are not members of your family. If a property has at least three tenants, and the toilet, bathroom, or kitchen are shared, it is considered an HMO. It depends on what type of property it is and the location, an HMO license is necessary. Check with your local authority to see if a property has been declared an HMO.


    A mortgage can be obtained on an HMO property.

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