With so many buy to let lenders and different types of loans available, it can be hard to decide which one is right for you. After all, time is money and without expert advice, you could find yourself paying more than necessary on your buy-to-let mortgage, reducing your long-term rental income gains.
Buy to let mortgages for landlords like you
Invest in a buy to let and remove the stress with our professional mortgage advisors. Find the right buy to let mortgage to save time, money and hassle.
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Buy To Let Mortgage
Whether you're a first time buy to let mortgage buyer or an experienced landlord, let us take care of the mortgage search, loan application and everything in between.
What our customers are saying
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"Just an amazing person. Very helpful and considerate especially with the recent mortgage rate spike. Worked hard to find me the best rate."
Krishma Kaur
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"Approachable, friendly, also happy to give you advice and goes the extra mile to get the work done."
Alison Jones-Munro
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"Excellent service, prompt feedback and great advice on the mortgage offers available at the time."
Richard Popple
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"Very helpful during the process and always quick to respond to any problems I ran into."
Liam Hawksworth
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Get your buy to let mortgage today with GHL Direct
01.
Schedule your free quote
30 seconds is all it takes to schedule your free call with an expert mortgage advisor.
02.
Find a mortgage
We’ll tell you how much you can borrow and how much mortgage you can comfortably afford.
03.
Apply for a mortgage
We handle the entire mortgage process , from searching for the best deals to securing exclusive mortgage rates.
Weekdays available from 8am – 8pm
We do weekends too
Saturday – Sunday from 9am – 6.30pm
Face-to-face, over the phone or video chat
Get a mortgage you can afford
Finding the right buy to let mortgage rate can be confusing and overwhelming, especially when you don’t know where to begin.
Securing the best rate is now simpler than ever with our team of Buy to Let mortgage advisors. You can rest assured that you are receiving professional advice from experts who are familiar with your buy to let mortgage requirements.
Why choose our mortgage advisor
- Unlock exclusive mortgage deals and save big
- Get the mortgage you can afford and qualify for.
- Fast application processing – We know how to get a mortgage
Mortgage Broker FAQs
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What is a buy to let mortgage?
A buy to let mortgage is a type of mortgage designed for people who want to purchase a property to rent out to tenants. A Buy to let mortgage is typically assessed based on the rental income of the property, rather than the borrower’s income.
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How much can I borrow on a buy to let mortgage?
Unlike a residential mortgage, where your income and expenses determine how much you can borrow, a buy to let mortgage is calculated on the basis of the rental income you are likely to receive from your property.
Most buy to let lenders will require that your rental income is at least 125% (interest-only) of your monthly mortgage payments. So if your mortgage payments will be £1000 per month, your rent would need to be £1,2500 per month.
The majority of lenders will also require that you are earning an income yourself. This is usually around £25k+ per annum.
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How much deposit will I need?
Buy-to-let mortgages typically require a higher minimum deposit than residential mortgages, usually around 25% of the property’s value. This can be a significant hurdle, but it also helps mitigate risk for lenders.
So, on a property valued at £150,000 you may need a £37,500 deposit
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What questions should I ask my mortgage advisor?
Here are some questions you can ask your mortgage adviser:
– How much can I borrow?
– What type of mortgage is best for me?
– What are the interest rates and fees?
– What are the monthly repayments?
– What happens if I can’t afford to make my repayments?
– What are the pros and cons of different mortgage products? -
What types of buy to let mortgages are available?
The two main types of buy-to-let mortgages are:
Repayment mortgages: These are the most common type, where you make monthly payments that cover both the capital and interest. This gradually reduces the outstanding loan amount until it is fully paid off.
Interest-only mortgages: With these, you only pay the interest on the loan each month, not the capital. This means lower monthly payments, but the outstanding loan amount remains the same. You’ll need to have a plan to repay the capital at the end of the term, such as selling the property or remortgaging.
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How much does a mortgage advisor charge?
Using a qualified mortgage broker like GHL Direct can be extremely beneficial when navigating the buy-to-let market. We can:
– Assess your financial situation and needs.
– Recommend suitable lenders and products based on your criteria.
– Guide you through the application process and paperwork.
– Negotiate on your behalf to secure the best possible deal.
Get started on your buy to let mortgage
BOOK MY FREE MORTGAGE CALLYour home or property may be repossessed if you do not keep up repayments on your mortgage.
GHL Direct is a trading style of GHL Network Services Ltd which is an Appointed Representative of The Openwork Partnership, a trading style of Openwork Limited, which is authorised and regulated by the Financial Conduct Authority. The information on this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK. Will Writing, EPC Products & Conveyancing are not part of the Openwork offering and are offered in our own right. Openwork Limited accept no responsibility for this aspect of our business. Will Writing, EPC Products & Conveyancing are not regulated by the Financial Conduct Authority.
Approved by The Openwork Partnership on 30/01/23