Buy to Let Mortgages

What is a Buy to Let mortgage?

A Buy to Let (BTL) mortgage is a loan that allows you to purchase a property to rent out to tenants. You cannot live in the property yourself, as it is intended to be an investment.

How does a BTL mortgage work?

With a BTL mortgage, you will only pay back the interest on the loan, not the amount you have borrowed. This is known as interest-only repayment. You will need to repay the full loan amount at the end of the mortgage term.

Who can get a BTL mortgage?

The eligibility criteria for a BTL mortgage are more relaxed than for a residential mortgage. You will typically need to:

  • Have a stable income of at least £25,000 per year.
  • Have a deposit of at least 25% of the purchase price.
  • Be able to demonstrate that the rental income from the property will be enough to cover your mortgage payments.
  • Be at least 18 years old and no more than 75 years old (some lenders have no upper age limit).

What are the different types of BTL mortgages?

There are two main types of BTL mortgages:

  • Interest-only mortgages: These are the most common type of BTL mortgage. You will only pay back the interest on the loan, not the amount you have borrowed.
  • Repayment mortgages: With a repayment mortgage, you will pay back both the interest and the amount you have borrowed over the term of the mortgage.

What are the benefits of a BTL mortgage?

There are a number of benefits to owning a Buy to Let property, including:

  • Rental income: You can generate a regular income from renting out the property.
  • Capital growth: The value of the property may increase over time, giving you a profit when you sell it.
  • Additional Income: You can use the rental income to offset your mortgage payments, making your investment more affordable.
  • Build a Portfolio of Properties: You can build up a property portfolio over time, which can provide you with a steady stream of income in retirement.

What are the risks of a BTL mortgage?

There are also some risks associated with owning a Buy to Let property, including:

  • Tenants not paying rent: If your tenants do not pay rent, you will still be responsible for making your mortgage payments.
  • Property damage: Your property may be damaged by tenants or by other factors, such as fire or flooding.
  • Changes in the law: The law governing Buy to Let properties can change, which could affect your investment.
  • Empty Properties: You could have difficulty finding tenants, or your tenants could move out unexpectedly.
  • Property Value: The value of your property could fall, leaving you with negative equity.
  • Taxes to pay: You will need to pay tax on the rental income you receive.

How can I get a BTL mortgage?

To get a BTL mortgage, you will need to speak to a mortgage broker. They will be able to help you find a lender that is right for you and to compare different mortgage deals.

A BTL mortgage is a loan that allows you to buy a property to rent out to tenants. This can be a great way to make money from your property, as you can charge rent that is higher than your mortgage payments.

If you are considering investing in a BTL property, it is important to do your research and understand the risks involved.

Here are some things to consider when applying for a BTL mortgage:

  • Your income: You will need to have a stable income that is sufficient to cover your mortgage payments and other expenses.
  • Your age: Some lenders have age restrictions for BTL mortgages.
  • The type of property you want to buy: Some lenders have restrictions on the type of property they will lend on for BTL.
  • Your deposit: You will need to have a deposit of at least 25% of the purchase price.
  • Your credit score: A good credit score will make you more attractive to lenders.
  • The Financial Conduct Authority does not regulate some forms of Buy to Lets. 
  • Your property may be repossessed if you do not keep up repayments on your mortgage.
  •  

If you are a first-time landlord, you may find it more difficult to get a BTL mortgage. However, there are lenders who specialize in lending to first-time landlords.

To find out more about BTL mortgages, or to get a quote, please contact Yes Mortgage Services Limited today.

We are a friendly and experienced team of mortgage advisors who can help you find the right BTL mortgage for your needs. We will work with you to understand your circumstances and goals, and we will match you with a lender who is best placed to offer you a competitive deal.

Contact us today to get started.

Read some of our blogs specifically about Buy to Let

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Our friendly mortgage advisors are here to help. We have access to a comprehensive panel of lenders to ensure we research the most suitable mortgage solution for your needs. And the best bit? We don`t charge a broker fee!⁣

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Buying your first home can feel a little daunting and maybe even a bit scary at times. ⁣
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Buying your first home can feel a little daunting and maybe even a bit scary at times. ⁣

But we`re here to guide you every step of the way so you can feel comfortable and confident throughout the entire process 🙌⁣

Our free expert advice covers everything from saving for your deposit, getting your credit score healthy and your finances ready, right through to choosing the right building surveys and solicitors.⁣

We`ll cut through the jargon, talk through all of your questions (there`s no such thing as a silly question in our minds), and guide you through finding the most suitable mortgage for your circumstances 🏡⁣

The best bit is we don`t charge a broker fee! - send us a message or give us a call on 0800 612 5596.⁣

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Our amazing team of experts are always on hand to find the right mortgage solution for you and to answer any questions you might have. Send us a message, or call us on 0800 612 5596.⁣
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Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣
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Our amazing team of experts are always on hand to find the right mortgage solution for you and to answer any questions you might have. Send us a message, or call us on 0800 612 5596.⁣

...⁣

Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣

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#mortgageadvisor #nobrokerfee #dorset #mortgagesmadesimple #dorsetbusiness #ukpropertymarket
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More and more investors are buying properties within a Limited Company to keep things tax efficient. ⁣
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But when it comes to refinancing or purchasing your new investment property, the process of getting a mortgage can feel challenging.⁣
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Not anymore!⁣
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More and more investors are buying properties within a Limited Company to keep things tax efficient. ⁣

But when it comes to refinancing or purchasing your new investment property, the process of getting a mortgage can feel challenging.⁣

Not anymore!⁣

Our Specialist Mortgage Advisors know which Mortgage Lenders are used to working with Limited Company Buy to Let portfolios. They`ll find you the most suitable deal and save you time and money by managing your mortgage application from start to finish. ⁣

Visit our website to learn more (🔗 in bio)⁣

...⁣

Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣

Before pursuing Limited Company Buy To Let we recommend you seek advice from a tax expert⁣

...⁣

#limitedcompanybuytolet #ukpropertyinvestors #ukpropertyinvestor #landlordsuk #landlordsecrets #investmentproperty #ukpropertyinvesting
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We believe in providing quality financial advice to everyone, regardless of their financial status. ⁣
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That's why we don't charge a broker fee 🤩⁣
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We'll look after you for the lifetime of your mortgage/home ownership, ensuring you never pay more than you should on your loan. Whether you're remortgaging, moving home, or making any subsequent property purchase, we've got you covered.⁣
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Visit our website (🔗 in bio) to learn more.⁣
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Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣
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We believe in providing quality financial advice to everyone, regardless of their financial status. ⁣

That`s why we don`t charge a broker fee 🤩⁣

We`ll look after you for the lifetime of your mortgage/home ownership, ensuring you never pay more than you should on your loan. Whether you`re remortgaging, moving home, or making any subsequent property purchase, we`ve got you covered.⁣

Visit our website (🔗 in bio) to learn more.⁣

...⁣


Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣

...⁣

#mortgagetips #mortgageexpert #devonproperty #bournemouthbusiness #southcoastuk #mortgagebroker #mortgageuk #ringwood #hampshireuk #mortgageadviser
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Being self-employed has its perks, but when it comes to getting a mortgage, things can get a little tricky. But you don't have to navigate this process alone.⁣
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We have access to a wide range of lenders and a deep understanding of what each one looks for when it comes to self-employed mortgages. Meaning we can find the most appropriate lender for your circumstances and needs!⁣
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And the best bit? We don't charge a broker fee 🤩⁣
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If you'd like to chat with one of our advisors about self-employed mortgages give us a call on 0800 612 5596 or send us a DM⁣
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Being self-employed has its perks, but when it comes to getting a mortgage, things can get a little tricky. But you don`t have to navigate this process alone.⁣

We have access to a wide range of lenders and a deep understanding of what each one looks for when it comes to self-employed mortgages. Meaning we can find the most appropriate lender for your circumstances and needs!⁣

And the best bit? We don`t charge a broker fee 🤩⁣

If you`d like to chat with one of our advisors about self-employed mortgages give us a call on 0800 612 5596 or send us a DM⁣
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Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣

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A JSPB mortgage enables you to accept the financial support of your family while retaining a sense of independence through sole ownership of your property.⁣
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If you'd like to chat with one of our advisors about Joint Borrower Sole Proprietor Mortgages or buying your first home, give us a call on 0800 612 5596 or send us a DM⁣
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Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣
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#firsttimebuyeruk #firstimehomebuyers #propertyladder #firsttimehomeowners #firsttimebuyertips #JSPBmortgage

A JSPB mortgage enables you to accept the financial support of your family while retaining a sense of independence through sole ownership of your property.⁣

If you`d like to chat with one of our advisors about Joint Borrower Sole Proprietor Mortgages or buying your first home, give us a call on 0800 612 5596 or send us a DM⁣

...⁣


Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣

...⁣

#firsttimebuyeruk #firstimehomebuyers #propertyladder #firsttimehomeowners #firsttimebuyertips #JSPBmortgage
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Life throws curveballs, don't let a leaky roof be one! Building insurance provides peace of mind knowing your home's structure is covered. Talk to Kelly, our insurance advisor, to find the right coverage for your mortgage.⁣
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Life throws curveballs, don`t let a leaky roof be one! Building insurance provides peace of mind knowing your home`s structure is covered. Talk to Kelly, our insurance advisor, to find the right coverage for your mortgage.⁣

Get in touch on 0800 612 5596 or tap the link in our bio.⁣

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Connor joined our team back in July 2017!  He's lived all around the Southwest, from Cornwall to Bristol, and now he's found his sweet spot in Wellington, Somerset—right between the two!⁣
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When he's not crunching numbers, you'll find him whipping up some delicious dishes, hosting get-togethers with friends and family or enjoying the delights at his local cider farm🍺🌿⁣
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All of our mortgage advisors (Connor included) are ready to help you whether you're looking to remortgage, buy your first home, or upgrade to a new one. The best bit is we don't charge a broker fee! Get in touch on 0800 612 5596 or send us a DM⁣
⁣
⁣
...⁣
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Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣
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...⁣
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#ukmortgage #mortgagesuk #wellingtonsomerset  #mortgageexperts #westcountry

Connor joined our team back in July 2017! He`s lived all around the Southwest, from Cornwall to Bristol, and now he`s found his sweet spot in Wellington, Somerset—right between the two!⁣

When he`s not crunching numbers, you`ll find him whipping up some delicious dishes, hosting get-togethers with friends and family or enjoying the delights at his local cider farm🍺🌿⁣

All of our mortgage advisors (Connor included) are ready to help you whether you`re looking to remortgage, buy your first home, or upgrade to a new one. The best bit is we don`t charge a broker fee! Get in touch on 0800 612 5596 or send us a DM⁣


...⁣

Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣

...⁣

#ukmortgage #mortgagesuk #wellingtonsomerset #mortgageexperts #westcountry
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We're flying the flag for Somerset! ⁣
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With a team spread across the Southwest, we're proudly celebrating #SomersetDay and sending a special shoutout to our amazing mortgage advisor, Connor, who's lucky enough to live there.⁣
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Let's have a bit of fun - how many of these places can you name? Share your score in the comments 👇⁣
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...⁣
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#somersetlife #loveforsomerset #visitsomerset #somerset #somersetday

We`re flying the flag for Somerset! ⁣

With a team spread across the Southwest, we`re proudly celebrating #SomersetDay and sending a special shoutout to our amazing mortgage advisor, Connor, who`s lucky enough to live there.⁣

Let`s have a bit of fun - how many of these places can you name? Share your score in the comments 👇⁣


...⁣

#somersetlife #loveforsomerset #visitsomerset #somerset #somersetday
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