Buy-to-let
Buy-to-let mortgage advice
Buy-to-let mortgages are assessed differently from residential ones. Charlene can explain how lenders look at rental income, deposits and the property.
Your property may be repossessed if you do not keep up repayments on your mortgage. Most buy-to-let mortgages are not regulated by the Financial Conduct Authority.
How lenders assess buy-to-let
Lenders usually focus on expected rent compared with the mortgage payment, as well as your personal income and experience. Deposits are often larger than for residential mortgages.
Costs and responsibilities
- Higher property taxes may apply to additional homes.
- Letting agent, insurance, maintenance and void periods.
- Landlord registration and safety obligations where you let.
- Tax on rental income, which you may want to discuss with an accountant.
Risks to consider
Rental income isn't guaranteed and property values can fall. Think about how you'd cover payments if the property were empty or interest rates rose.
Common questions
How much deposit do I need for buy-to-let?
Lenders commonly ask for 20–25% or more, depending on the property and their criteria.
Ready to talk it through?
Send an enquiry and Charlene will get in touch to understand your plans and explain what the next steps could look like.