Buy to Let
Whether you’re an aspiring landlord or are looking to build up your property investment portfolio, we have a range of buy to let mortgage solutions to suit you.
How does a buy to let mortgage work?
Unlike a traditional mortgage on your home the lender will assess the ability for you to repay your mortgage based on the rental income you are expected to receive. Other considerations are important when choosing whether they can lend to you, such as rental voids, the ability to absorb a rate increase and the experience you have as a landlord. Our team work with first time landlords and professionals and can help you steer your way through the options that are available to you.
We regularly arrange buy to let mortgages for:
- Limited companies
- First-time landlords
- No minimum income
- No credit score
- Lending into retirement
- Current & historic adverse
- Let to Buy
- HMOs
- Multi-unit blocks
- Holiday Lets
- Student lets
- Properties over commercial buildings
- Multi-let on one title
- Adjoining properties
- Non owner occupiers
Our team has been recognised with over 25 industry awards and nominations during the past 5 years.
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Buy to Let Highlights
100+
Lenders
% Loan to Value
Maximum
Year
Maximum Term
 |
Loans from £25,001 to £15million or more | |
No minimum credit score | |
|
Common sense underwriting | |
Historic adverse credit considered | |
|
Income assisted products use income to top up a rental shortfall | |
No minimum personal income | |
|
Employed or Self employed | |
Up to 4 borrowers’ income considered | |
|
HMO’s and MUB (Multi Unit Blocks) acceptable | |||
Please be aware that you need to keep up your mortgage payments or you could lose your home.
We / Positive Mortgages recommend that you seek independent tax advice regarding the purchase and letting of an investment property to ensure you understand all the tax implications of owning an investment property.
Consumer Buy to Let (CBTL):
Consumer Buy to Let (CBTL) mortgages whether set up as a 1st charge or 2nd charge basis are regulated by the Financial Conduct Authority (FCA) and covered by the Financial Ombudsman Service (FOS). However, they are not covered by the Financial Services Compensation Scheme. Please contact us to discuss if your circumstances would be considered CBTL and how this would affect a mortgage application.
Stamp Duty for additional properties:
If you are buying an additional property there is a Stamp Duty Land Tax surcharge. Please make sure you understand this additional cost before committing to buy. You can check this at:
Don’t Forget
A mortgage is a significant investment, so it is important to protect your investment and yourself with the right insurance. At Positive Mortgages we recommend our trusted insurance partner, Broadbench Ltd. Speak to one of our team on 01202 850 830 for a no-obligation chat about your mortgage and insurance requirements or use the contact form below and we will be in touch.
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