Buy-To-Let Mortgages

We can help you with both Buy-To-Let (BTL) Purchase mortgages as well as Re-mortgaging BTL properties.

BTL mortgages in the UK can be a complex matter. If you intend to buy a property to rent, you need to do in-depth research on BTL mortgages. Whether you are an experienced BTL or portfolio landlord or a first-time BTL buyer, you will likely encounter hiccups along the way. In recent years and those following the financial crisis, Buy to Let mortgages have become increasingly difficult to secure due to rigid regulation and criteria on lending with deposit rules and income affordability. As you may know, recent taxation legislation for Buy to Let rental income has also changed, meaning there are new accounting procedures in accounting for this income.

What you need to know about the UK Buy to Let Mortgage Market

Most mainstream BTL mortgage lenders have a similar criterion consisting of a 25% deposit or 75% loan to value (LTV). Furthermore, lenders may require a certain income level to acquire financing for a buy to let mortgage. Generally, putting this type of finance in place can carry higher setup costs and higher rates than residential mortgages.

Changing underwriting standards, including rental ratios versus mortgage costs, mean that securing these types of mortgages are primarily dependent on your personal circumstances and financial history.

Why you should use a Buy to Let Mortgage Broker

As the UK BTL mortgage market has become increasingly challenging to navigate, the expertise and specialities of a mortgage broker allow this process to be shortened and streamlined, especially in circumstances where investors or landlords may not have the time to research and source mortgages themselves.

High-quality rental properties are in huge demand following the global pandemic as a method of generating returns outside of traditional investing and provides an opportunity to accumulate wealth outside of your profession or previous provisions or if you are an existing portfolio landlord.

Using a mortgage broker like Soul Mortgages makes this process smooth and painless to allow you to source the properties while we take care of putting finance in place for you with our many years of experience.

We provide buy-to-let mortgage services for;

  • New Landlords
  • Experienced Portfolio Landlords