Buy To Let Mortgage
WHAT IS A BUY TO LET MORTGAGE?
Buy-to-let (BTL or Limited Company BTL) Mortgages are used for purchasing or refinancing a property, specifically to rent it out. Unlike standard residential mortgages, these mortgages are assessed based on potential rental income rather than the borrower’s income. Generally requiring a larger deposit, they often have higher interest rates.
They are popular among property investors and landlords whether held in individual names or a limited company. The borrower is responsible for ensuring the property is tenanted and maintaining mortgage payments, regardless of rental occupancy. It’s a key financial tool for building a property investment portfolio.
Key Benefits
PURPOSE & USE
For investment property purchases
Rents cover mortgage repayments
Long-term income and capital growth
Not for owner-occupied properties
FEATURES & BENEFITS
Interest-only options available
Potential tax deductions
Leverage for property portfolio expansion
Fixed or variable rate choices
CONSIDERATIONS & RISKS
Higher interest rates than residential mortgages
Requires larger deposit
Rent gaps may impact repayments
Subject to property market fluctuations
GET IN TOUCH
WHY CHOOSE CLEVER COMMERCIAL?
Experienced. Trustworthy. Tailored.
Clever Commercial, an award-winning brokerage, has been providing customized property financing for over 30 years. We offer competitive rates, flexible options, and outstanding service. Let’s shape your future together.
We’re more than mortgage brokers—we’re dedicated partners in our clients’ success. That’s why they trust us.
FREQUENTLY ASKED QUESTIONS
What is a Buy To Let Mortgage?
A Buy to Let mortgage is used for purchasing or refinancing a property specifically to rent out. Unlike a standard mortgage, it’s assessed based on rental income potential and the investor’s financial situation.
Who is eligible for a Buy To Let mortgage?
Generally, applicants need a good credit score, existing property ownership, and a stable income. Lenders also assess based on the property’s potential rental income.
What are the key differences between Buy To Let and Standard Mortgages?
Buy to Let mortgages often require a higher deposit, potentially higher interest rates, and the lending decision is primarily based on projected rental income rather than just the borrower’s income.
Can I convert my existing mortgage to a Buy To Let?
Yes, but you must obtain consent from your current mortgage lender. They will reassess your financial situation and may change the terms of your loan or suggest a new Buy to Let mortgage product.
OUR CLIENTS THOUGHTS
RECENT TESTIMONIALS
Marc worked over many months to help me find the right financial product to suit my complicated refinancing project. Having identified the right product, Marc then worked for many more months to help me get the financing completed. I had so many issues that I had to face and at every obstacle Marc was on hand to help me to resolve it, and very often took it upon himself to do it for me. Marc went for beyond just brokering a good deal for me, he was my partner in making this happen. I could not have done this without his support. Thank you Marc for being so calm and patient and having faith when I had lost mine!
I. Knight
Marc has provided our company with excellent service and advice. He has vast experience and knowledge, and is able to advice on the most suitable lenders given our requirements.
Especially during the legal stage of the lending process, he facilitates and communicates with lenders in a way we would not be able to ourselves.
We would certainly not be where we are without his services. Highly recommended.
M. Dunn
The service provided for my bridging loan was second to none. The support I received was very professional and generous.
I would highly recommend Clever Commercial to everyone and anyone who needs a professional, caring and competitive rate for it’s loan or any kind of finance.
D. Dezfull
Marc has provided our company with excellent service and advice. He has vast experience and knowledge, and is able to advice on the most suitable lenders given our requirements. Especially during the legal stage of the lending process, he facilitates and communicates with lenders in a way we would not be able to ourselves. We would certainly not be where we are without his services. Highly recommended.
P. Strøm