Buy-to-let

A buy-to-let (BTL) mortgage is designed specifically for those who want to buy and rent out a house or flat. There are around 40 buy-to-let lenders in the UK and numerous subtly different products. Buy-to-let mortgage products are usually interest-only, meaning you pay interest each month but only pay off the balance at the end of the period of the loan. Interest on buy-to-let mortgages tends to be higher and you’ll usually have to pay a deposit of between 20% to 40% of the property’s value. There are three main types of BTL mortgage: fixed-rate, discount variable and tracker.

It’s not necessarily about chasing the lowest interest rates or most favourable deposit terms. We’ll look carefully at your circumstances and what you’re aiming to achieve – one additional property, or two, or the beginnings of a serious portfolio? Then we’ll research the market and select buy-to-let mortgage products that offer the best balance of risk and affordability. We’ll always give you options, like whether to set up a limited company in order to buy-to-let. We’ll explain the pros and cons, along with a clear recommendation, to support your final decision.

As a mortgage is secured against your home or property, it may be repossessed if you do not keep up the mortgage repayments.

The financial conduct authority does not regulate commercial buy-to-lets.