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Buy To Let
Mortgage
Simple.
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Quick Decisions
Stop waiting weeks to get a decision.
Transparent Advice
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Same Day Appointments
Let's get started today.
Quick Decisions
Stop waiting weeks to get a decision.
Transparent Advice
Don't be left in the dark anymore.
We Can Search Thousands Of Mortgage Deals
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The Journey To Your New Mortgage !
Initial
Meeting
Let’s grab a coffee (or a Zoom/call). This is where we get to know you, your plans, and your goals. Think of it as a relaxed chat to set you on the right path. You talk, we listen!
Personalised
Package
We’ll craft a mortgage plan tailored to your needs, complete with all the suitable options. We’re like your personal mortgage matchmaker, finding the most suitable deal to make your dream become a reality!
We Do
The Rest
Leave the paperwork, lender chasing, and all the heavy lifting to us. All you need to do is sit back and relax while we make it happen behind the scenes. Our award-winning team is available 7-days a week.
Collect Your
Keys!
Your mortgage offer is in, and it’s time to pop the bubbly! Like all our 5-star customers, you are now one step closer to making your goals a reality.
Why Use Protex Financial For Buy To Let Mortgages?
Here at Protex Financial, we strive to make our only focus on you; this is why we can offer the best range of Mortgage Advice with access to 1000’s of Buy To Let Mortgage products that the market has to offer. Our mortgage brokers are able to search thousands of products to make sure you are getting the most suitable deal you can possibly get.
Our mortgage team here at Protex Financial are regulated by the FCA, the Financial Conduct Authority. This means everything we do is for you; we are obligated to offer you great rates, great deals and great Buy To Let Mortgages.
We Don't Just Say It We Shout About It !
Whether you’re trying to buy your first home or remortgage with changed circumstances, get expert advice from one of the UK’s leading Mortgage Brokers to help you navigate an ever-changing mortgage market.
Simple
Fees
Mortgage Fee
£376.00
Our fee can range from £176 to £576, depending on case requirements.
Whether you’re buying your first home, remortgaging, or growing your property portfolio, we keep it transparent, simple, and straightforward. Plus, our fee is only payable once we get you a mortgage in principle.
- Access to whole of market
- Award-winning advisers
- Access to a wide range of expert solicitors
- Mortgage protection built to last
“Going above and beyond is what we do; we LOVE our job, and most of all, we LOVE helping our clients.”
If you need any form of Buy To Let Mortgage, then make an appointment with one of our mortgage brokers today. We aim to make your home buying or family insuring process as simple as possible, keeping you informed every step of the way.
Speak with Simon & Kelly, book your FREE mortgage appointment today.
Buy To Let Mortgage Tips
Before diving into the buy-to-let market, conduct extensive research on potential locations and property types. Look into rental demand, average rental yields, and future growth prospects in different areas. Websites, local estate agents, and property investment forums can provide valuable insights.
Ensure you have a clear understanding of your financial situation. Calculate the total costs involved, including the deposit, mortgage fees, stamp duty, and any refurbishment costs. Use mortgage calculators to determine your affordability and potential rental yields.
A specialist mortgage broker can help you navigate the complexities of buy to let mortgages. They have access to a wide range of lenders and can find deals tailored to your specific circumstances, whether you are a first-time landlord or have a portfolio of properties.
Understand the tax implications of buy to let investments. Rental income is subject to income tax, and you may also face Capital Gains Tax when selling the property. Consider whether to buy in your own name or through a limited company, as this can affect your tax liabilities.
Keeping your property in good condition can attract and retain good tenants, reducing the risk of void periods. Regular maintenance, prompt repairs, and good tenant communication can help build a positive landlord-tenant relationship and ensure a steady rental income.
By following these tips, you can make informed decisions and effectively manage your buy-to-let investment, maximizing your returns and minimizing potential risks.
Buy To Let Mortgages Rent Calculator
Buy To Let? Frequently Asked Questions
A buy-to-let mortgage, often abbreviated as a buy-to-let mortgage, is a loan designed for landlords purchasing a property to rent out. In contrast, residential mortgages are loans for individuals buying a home to live in.
Typically, buy-to-let mortgages are offered on an interest-only basis to keep monthly payments low. They can lend up to 80% of the property’s value and require a minimum 20% deposit from the landlord. Usually, a buy-to-let mortgage is around a 25% deposit.
Buy-to-let mortgages are considered specialist lending products due to the higher risk of repossession perceived by lenders. Consequently, they are more challenging to obtain compared to residential mortgages.
Buy-to-let mortgages fund new or existing landlords to purchase or remortgage their investment properties. Here are the typical types of buy-to-let mortgage customers we assist:
– Existing landlords
– Portfolio landlords
– Refinancing
– Capital raising
– Residential to buy to let
– First-time landlords
Buy-to-let mortgage rates are generally higher than those for residential mortgages, and a larger deposit of at least 20% is usually required for new purchases. Many existing landlords opt for a buy-to-let remortgage to raise funds for a deposit on a new property.
It’s advisable for buy-to-let landlords to consult an experienced mortgage broker and their accountant to receive comprehensive advice. Buying in a sole or limited company name can have different tax implications.
Yes, you can remortgage a buy-to-let property. Remortgaging involves replacing your existing mortgage with a new one, either with your current lender or a different lender. We can also look to release some equity when we do come to re-mortgage.
When applying for a buy to let mortgage, having the right documents ready can help streamline the process. Here’s a list of the key documents you’ll typically need:
Proof of Identity:
- Passport or Driving Licence
Proof of Address:
- Recent Utility Bill (within the last 3 months)
- Council Tax Bill
Proof of Income:
- For Employed Applicants:
- Last 3 months’ Payslips
- For Self-Employed Applicants:
- At least 1 years’ Tax calculations and overviews
- At least 1-years Full accounts (if LTD company)
- For Employed Applicants:
Bank Statements:
- Latest 3 months’ Bank Statements
Proof of Deposit:
- Savings Account Statements
- Evidence of Gifted Deposits (if applicable)
Credit Report:
- A copy of your Credit Report (check now – credit report)
These documents will help your mortgage broker or lender process your application more efficiently. If you have any specific circumstances or need further assistance, our team at Protex Financial is here to guide you through every step of the mortgage process.
Great question! With an attitude like this, your on the right track.
There is no limit to the number of buy to let mortgages you can have; some clients own hundreds of properties, while others have just a few.
Whether you purchase properties in your sole name, joint names, or through a limited company, you can have as many buy to let mortgages as you want, as long as you meet your lender’s criteria.
The number of buy to let mortgages you choose to have will depend on your risk tolerance and future plans. Common reasons for investing in buy to let properties include:
- Pension planning or supplementing retirement income.
- Replacing your main job income with rental income.
- Benefiting from future capital growth and property price increases.
- Building an asset to pass on to future generations.
No, the majority of buy to let mortgages are on an interest-only basis.
With an interest-only mortgage, the loan amount remains unchanged throughout the term. At the end of the term, the property can be sold to repay the loan.
Landlords often choose interest-only buy to let mortgages to keep their monthly costs low and increase their profit from each property.
Interest-only buy to let mortgages also offer the option to fix the interest rate for typically 2, 3, or 5 years, providing peace of mind and aiding in budgeting.
While repayment buy to let mortgages are available, they can be less attractive due to the higher costs of repaying both the interest and capital, making them less affordable for many landlords. It’s all about your future financial goals.
Typically, a buy to let mortgage applicant:
- Is already a homeowner, although first-time buyer buy to let deals are available.
- Has a good credit history, though specialist lenders can assist with bad credit buy to let deals.
- Has a larger deposit, with a minimum of 20% of the property valuation required.
- Has sufficient personal income to cover the mortgage during periods when the property is unoccupied.
- Does not need prior landlord experience, though it can be beneficial for mortgage approval.
- Can be of any age, as buy to let mortgages are available up to age 80 and beyond.
How much you can borrow on a buy-to-let mortgage will be determined by the projected rental income you’ll receive for the property and the size of the deposit you have available.
How much you can borrow on a buy-to-let mortgage will be influenced by:
- Size of deposit: the bigger this downpayment is, the more you’ll be able to borrow.
- Rental income: The rent payment will need to cover the mortgage payment by a minimum of 125% to 140%+. For example, if your mortgage payment is £1,000, your rent would need to be an absolute minimum of £1,250 per month.
- Your personal income: The lender may assess your personal income to see if you can meet the mortgage payment on your own if the tenant’s rental payments do no suffice.
For an accurate figure on exactly how much you could borrow on a buy-to-let mortgage, you’ll need to speak with an experienced mortgage broker for advice.