Buy to Let Mortgages
Buy to Let Free Mortgage Quotes
Mortgages for landlords
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Limited Company Buy to LetBuying investment property through your limited company or SPV can have its advantages. While many of the high street lenders do not offer mortgages for limited companies, there are a growing number of specialist lenders who are keen to lend to property investors using limited companies.
Light Refurbishment Buy to letMortgaging properties needing refurbishment can be difficult - when the property is not immediately habitable for tenants there is no rental income to support the mortgage. We can assist clients looking for refurbishment mortgage and a refinance within 6 months of purchase.
Buy to let adviceGet the right advice for your buy to let mortgage. We assist all types of borrowers from first time landlords, to assisting experienced landlords requiring specialist finance for multi-unit block accommodation and HMOs.
Mortgage solutions for residential property investors
- 100% buy-to-let mortgage to purchase with additional security
- Mortgages for ExPat investors
- SPV and Limited Company mortgages
- Property renovation and refurbishment lending
- Portfolio structured refinance
Mortgage solutions for residential property investors
- Shared houses with single or multiple AST's
- First time landlords
- Let to Buy mortgages
- Corporate lease arrangements
- Flats above commercial
Other services we offer
- Independent valuation & property surveyor instructions
- Fixed cost legal conveyancing & price comparison
- Landlord Insurance services
- Bridging for BMV purchase
- Renovation and refurbishment finance
Looking for mortgage advice?
We provide mortgage advice for landlord finance and buy to let mortgages with deals from the whole of the market to fit your circumstances and requirements. Call us or fill out one of our enquiry forms today. Tel 0117 2232 050 Lines are open 9am to 6pm Mon-Fir and 9am to 1pm Sat.
100% Mortgage to purchase
Buy a property with 100% funding by providing additional security. The first 75% of the purchase price is secured on the property you are buying. The remaining 25% of funds can be raised by a 2nd charge loan on an existing property you can offer as security. This second charge is lent by the same lender and at the same rate as the purchase mortgage. This is ideal if the current mortgage you have on the additional security property is a low-interest rate that you would not wish to disturb.
We can provide mortgage advice for landlord finance and buy to let mortgages with deals from the whole of the market to fit your circumstances and requirements. Call us or fill out one of our enquiry forms today. Tel 0117 2232 050 Lines open 9am to 6pm Mon-Fir and 9am to 1pm Sat
Mortgages for HMOs
When a number of tenants are residing in the same property many mainstream Buy-to-let lenders will view this as a HMO even when it does not necessarily fall within HMO legislation under the local authority. There are many BTL products available for share house HMOs as well as for large HMO multi-unit property with lending on a commercial basis
Common HMO types
- A house share or flat share
- Student accommodation
- A converted house split into bedsits
- A converted house with mixed accommodation types
The amount of rental income generated by the property should exceed your mortgage repayments by a certain percentage this margin of rental coverage differs between lenders, as a rule of thumb you should allow for around 120% to 130% of the monthly mortgage repayments.
How much can I borrow?
Most lenders will advance up to 80% of the property value and some up to 85% LTV. The majority of mortgage lenders will assess buy-to-let mortgages on the strength of the rental income produced by the property. So depending on the strength of the rental income to support the repayments you may be able to borrow the entire 85%.
Buy-to-Let deposit amount
You will need to fund a cash deposit against the property you are buying. The majority of Buy-to-Let lenders require 15-25% of the property value. The following sources of funds are acceptable
- Cash savings deposit
- Remortgaged capital raised
- Family gifted deposit
- Vendor gifted deposit
In some instances vendor gifted deposits can be used, however in the majority of cases this is limited to new build property only. It can also be possible to utilise below market value purchases using a specialist bridge-to-let product.
BTL Mortgage Lenders
We have access to the whole of the market to provide landlords mortgages for properties let as HMOs. Lenders we utilise range from mainstream Buy-to-let mortgage lenders to Commercial mortgage lenders offering finance for large HMO properties. We also arrange short-term and mortgage finance for converting existing dwellings into HMOs or converting property into self-contained flats.
We can arrange lending throughout England, Scotland and Wales as well as properties located in Northern Ireland.
Buy to let mortgages for the Self-Employed
When you are self-employed getting a buy to let mortgage does not have to be so difficult, lending criteria has relaxed somewhat over the past few years and more lenders are wanting to attract new business from self-employed applicants. We can offer flexibility on proof of income when mortgaging a buy to let property
Buy-to-Let for Limited Company SPV
Buying a property through a limited company or SPV might be more tax efficient for higher rate tax-payers, while also providing a degree of asset protection. While many high street lenders do not provide mortgages for properties owned by a limited company, we have specialist lenders who routinely lend to individuals wishing to buy investment property in the name of a Ltd company or SPV.
- Existing trading Ltd company
- Special purpose vehicle SPV's
- Start up Ltd companies
Ltd company mortgages are ideal for individuals wishing to own a property as a collective rather than two individuals sharing a joint application. This also makes it much simpler in the future if any of the individuals no longer wish to be party to the ownership – remortgaging the property may not be necessary.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
The Buy to Let mortgage lending market is not regulated by the Financial Conduct Authority (FCA). Unless you wish to let the property to a close family member (e.g. spouse, civil partner, child, grandparent, parent or sibling) BTL mortgages are not required to be regulated by the FCA.