Buy to Let...

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Buy To Let mortgages

Buy-to-let (BTL) mortgages are for landlords who want to buy property to rent it out. A landlord can have 1 buy-to-let or can have many.

The rules around buy-to-let mortgages are very similar to those around regular mortgages, but there are some key differences that you need to know.


You can get a buy-to-let mortgage under the following circumstances:

  • You can afford to take and understand the risks of investing in property.
    You want to invest in houses or flats.
  • You already own your own home, whether outright or with an outstanding mortgage.
  • You have good credit history and aren’t over committed on your outgoings, for example, credit cards.
  • You earn £25,000+ a year. If you earn less than this you might struggle to get a lender to approve your buy-to-let mortgage
  • You’re below the maximum age Lenders have upper age limits, typically between 70 or 75. This is the oldest you can be when the mortgage ends not when it starts.

Buy-to-let mortgages are a lot like ordinary mortgages, but with some key differences:


• The fees tend to be considerably higher.
• The minimum deposit for a buy-to-let mortgage is usually 25% of the property’s value (although it can vary between 20-40%).
• buy-to-let mortgages interest rate are generally higher.
• BTL mortgages are available on a repayment basis however most are interest-only. This means you pay the interest each month, but not the capital amount. At the end of the mortgage term, you repay the original loan in full.
• Most BTL mortgage lending is not regulated by the Financial Conduct Authority (FCA). There are exceptions, for example, if you wish to let the property to a close family member (e.g. spouse, civil partner, child, grandparent, parent or sibling). These are often referred to as a consumer buy to let mortgages and are assessed according to the same strict affordability rules as a residential mortgage.


Contact us to help you secure your buy-to-let mortgage 01423 561060 or info@sj-fs.co.uk. We will gain the most competitive rate available for your circumstances and work as your trusted adviser.