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Buy To Let Mortgages

Thinking About Buying a Property to Let?

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Mortgage Advice

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Whether you are purchasing your first rental property, expanding an existing portfolio or refinancing a property you already own, getting the right mortgage can make a significant difference to your investment.

At Mortgage Links, we provide straightforward buy to let mortgage advice and compare options from a wide range of lenders.

We will explain how lenders assess rental income, deposits, affordability and property type, helping you understand your options before you commit.

Book your free consultation today and speak to an experienced mortgage adviser.

We have access to 90+ Lenders

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What We do

How We Can Help Landlords

Buy to let mortgages can be more complex than standard residential mortgages. Different lenders have different rules around rental income, property types, personal income and the number of properties you own.

We can help you:

  • Understand how much you may be able to borrow.
  • Compare buy to let mortgage rates and fees.
  • Check whether the expected rent meets lender requirements.
  • Explore options for first-time landlords.
  • Purchase property personally or through a limited company.
  • Refinance an existing rental property.
  • Raise money from a buy to let property where appropriate.
  • Expand or restructure an existing property portfolio.
  • Understand the mortgage costs before proceeding.
  • Arrange suitable protection where required.
 

We will guide you through the process from your initial enquiry to mortgage offer and completion.

Mortgage Links Team Sheffield
Established

2022

What Can We Help With?

Here to help you through every stage of your mortgage journey

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First-Time Landlord Mortgages

Buying your first rental property can feel complicated.

We will explain the deposit required, how rental income is assessed and which lenders may consider first-time landlords.

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Limited Company Buy To Let

More landlords are considering whether to purchase property through a limited company.

We can compare limited company and personal buy-to-let mortgage options, although you should obtain independent tax and legal advice before deciding how to structure your purchase.

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Buy To Let Remortgages

If your current mortgage deal is ending, we can compare remortgage options with other lenders alongside any product transfer offered by your existing lender.

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Portfolio Landlord Mortgages

If you own several rental properties, lenders may assess your entire portfolio as well as the property being mortgaged.

We can help organise the required information and identify lenders whose criteria may suit your circumstances.

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Raising Capital From a Rental Property

You may be able to release equity from an existing buy-to-let property for purposes such as buying another property, carrying out improvements or consolidating borrowing.

This will depend on the property value, rental income, mortgage balance and lender criteria.

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How it Works

Let us help you get your home today.

Step 1
Book Your Consultation

We will discuss your deposit, income, existing properties, expected rent and investment plans.

Step 2
Understand Your Budget

We will estimate how much you may be able to borrow and explain the likely deposit and monthly mortgage costs.

Step 3
Assess Rental Income

We will check whether the expected rent is likely to meet lenders’ rental coverage requirements.

Step 4
Compare Options

We will compare suitable mortgage products, including the interest rate, arrangement fees, valuation costs and early repayment charges.

Step 5
Submit Your Application

Once you are ready to proceed, we will prepare and submit the mortgage application to the chosen lender.

Step 6
Mortgage Offer and Completion

Once the mortgage is approved, we will continue to support you while the legal work is completed.

How can we offer all of this for free?

Like all mortgage brokers, we’re paid by lenders when your mortgage completes.  The difference between us and other mortgage brokers is that we simply choose not to charge our customers a fee on top of this.

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Ready to Discuss Your Buy To Let Plans?

Whether you are buying your first rental property, expanding your portfolio or reviewing an existing mortgage, we are here to help.

Book your free, no-obligation consultation and find out what buy to let mortgage options may be available.

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Buy To Let Mortgage FAQs

Common Buy To Let Mortgage Questions

How much deposit do I need for a buy to let mortgage?

Many buy-to-let lenders require a deposit of at least 20% to 25% of the property value. A larger deposit may provide access to a wider range of lenders and potentially more competitive mortgage rates. The exact amount required will depend on the property, expected rent, your circumstances and the lender’s criteria.

How much can I borrow on a buy to let mortgage?

The amount you can borrow will often be based largely on the rent the property is expected to generate. The lender will check whether the rent covers the mortgage payment by a sufficient margin using its own stress-testing calculation. Some lenders will also take your personal income into account.

Can I get a buy to let mortgage as a first-time landlord?

Yes. A number of lenders consider applicants buying their first rental property. However, some lenders may require you to already own your own home, meet a minimum personal income requirement or have a larger deposit. We can identify lenders whose criteria are more suitable for first-time landlords.

Can a first-time buyer get a buy to let mortgage?

It may be possible, but the choice of lenders is usually more limited. Lenders may look closely at why you are buying the property, where you currently live and whether the proposed arrangement appears credible. Some lenders may also assess the application using both rental and residential affordability considerations.

What is rental stress testing?

Rental stress testing is the calculation lenders use to check whether the expected rental income is sufficient to support the mortgage. The lender may assess the rent against a higher notional interest rate rather than the actual rate you will initially pay. Each lender uses its own calculation, so your maximum borrowing can vary significantly.

Do I need a minimum income for a buy-to-let mortgage?

Some lenders require a minimum personal income, while others may be willing to consider the application primarily on the expected rental income. Your employment status, credit history and existing commitments may still be taken into account.

Are buy to let mortgage rates higher?

Buy-to-let mortgage rates and fees can be higher than those available on standard residential mortgages. The overall cost will depend on the deposit, property type, mortgage term, lender and whether you are applying personally or through a company. It is important to compare the full cost of the mortgage rather than focusing only on the headline rate.

What costs should I budget for?

In addition to your deposit, you may need to budget for: Property taxes applicable to the purchase, Solicitor and conveyancing fees, Mortgage lender product fees, Valuation or survey costs, Letting agent fees, Buildings and landlord insurance, Repairs and ongoing maintenance, Safety checks and compliance costs, Periods when the property may be empty and Accountant or tax adviser fees. You should obtain specialist tax advice about the costs and tax treatment associated with owning rental property.

Should I buy a rental property personally or through a limited company?

The most suitable ownership structure will depend on your tax position, future plans, borrowing requirements and how you intend to use the rental income. We can explain the mortgage options available under each structure, but you should obtain advice from a qualified accountant or tax adviser before making a decision.

Can I remortgage my buy-to-let property?

Yes. You may be able to remortgage to secure a new deal, change the mortgage term or release equity. Before recommending a remortgage, we will consider any early repayment charges, arrangement fees, legal costs and the product transfer options available from your current lender.

Can I release equity to buy another rental property?

Potentially, yes. If your property has increased in value or the mortgage balance has reduced, you may be able to release some of the available equity. The lender will consider the property value, expected rent, remaining equity and the reason for raising the funds. We will explain what type of credit search is likely to be completed before proceeding with an application.

Can I live in a property with a buy to let mortgage?

A standard buy-to-let mortgage is generally intended for a property that is rented to tenants and not occupied by you or your immediate family. Living in the property without the lender’s permission could breach the mortgage conditions. You should speak to your lender or mortgage adviser before changing how the property is occupied.

Can I rent a property to a family member?

Renting to a close family member may require a regulated buy-to-let mortgage rather than a standard buy-to-let product. The choice of lenders may be more limited, so it is important to explain the intended tenancy arrangement from the outset.

Can I use a buy to let mortgage for an HMO?

Potentially, although a standard buy-to-let mortgage may not be suitable for a house in multiple occupation. HMO lenders may have specific requirements around landlord experience, licensing, property size and the number of tenants. Specialist mortgage advice is recommended before making an offer.

Can I get a buy-to-let mortgage with bad credit?

Previous credit problems do not always prevent you from obtaining a buy-to-let mortgage. Your options will depend on the type of issue, the amount involved, when it occurred and whether it has now been resolved. Approaching the right lender is particularly important where there has been adverse credit.

Do I need landlord insurance?

Buildings insurance will normally be required by the mortgage lender. You may also wish to consider landlord insurance covering areas such as property damage, liability, loss of rent and legal expenses. The appropriate cover will depend on the property and tenancy arrangement.