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Find out how we can help you with your Buy To Let properties
Expert Buy To Let Mortgage Advice
Buy-to-let mortgages are a different kettle of fish to regular homebuyer mortgages. Lenders will be looking at different things when they decide what to lend you, and you’ll probably get different terms too.
But whether you’re planning on investing in your first buy-to-let property or you’re just looking to expand your portfolio, we’re here with the advice you need.
So book yourself in for a free, no-obligation chat. We’ll talk through what your plans and aims are, and see if we can’t find the perfect buy-to-let mortgage for you.
What is a buy-to-let mortgage?
A buy-to-let mortgage is exactly what it says on the tin. It’s a mortgage for people who want to buy a house to rent out to someone else, rather than live in themselves.
This is important because a normal homebuyer’s mortgage will almost always have a clause to say that you have to live in the house, you can’t just let it out.
So if that’s what you want to do, you’ll need a buy-to-let mortgage.
You will need to find a bigger deposit than you would for a homebuyer mortgage (usually 20-25%), and you’ll probably be looking at higher interest rates too.
There are plenty of buy-to-let mortgages around where you just pay the interest on the mortgage, then pay the balance back at the end of the term - usually by selling the house. These are called interest only mortgages.
When you apply for a buy-to-let mortgage, lenders will look at the potential rental income from the property as well as your own financial situation, to make sure you can afford the mortgage. This is called the lenders rental stress test.
*Your home may be repossessed if you do not keep up repayments on your mortgage*
The Financial Conduct Authority does not regulate most Buy to Let Mortgages
How do Green & Green help me find the best buy-to-let mortgage?
First up we’ll sit down for a proper chat with you. We need to understand what your financial situation is and what your long-term buy-to-let goals are.
We’ll talk about the kinds of property you want to buy, what your budget is, and what your strategy is, too.
That’ll give us a better idea of the type of mortgage you need. So then, we’ll do the legwork of finding the best deals for you. We’ll present you with a few options, and explain the pros and cons of each, so you can decide which is best for you.
When you’ve settled on a mortgage deal, we’ll help you all through the application process. We’ll deal with your lender, and we’ll make sure everything is filled in and submitted correctly and on time.
We’ll make the whole process as smooth as possible, so you can focus on your new investment. We’ll keep you updated, and we’re only ever a phone call away if you need to ask us something.
Why choose Green & Green?
We can think of a few reasons.
We know the market inside-out. We’re on top of changes in interest rates and mortgage industry trends, and we know where the best deals are.
Plus we work with a wide range of lenders, some of which are set up just for buy-to-let mortgages. That means we can find the right deal for you, not try and shoehorn you into something that doesn’t fit.
And we know buy-to-let, too. Our director, James, has a portfolio all of his own. We have a long list of happy buy-to-let clients, too.
Don’t take our word for it
Need some proof? Have a look at some of the lovely things our happy clients have said about us.
Highly recommend
An extremely smooth process from start to finish (which we did not have in previous years when sorting our mortgage) he always goes above and beyond to ensure a fast and efficient service. James is really helpful, approachable and an absolute professional, ensuring things are done in the most cost effective way to suit your needs. Very very pleased and will definitely be using him again for future advice.
George Lawler
I could not find the words to express how fantastic James has been.
We've had very difficult and stressful circumstances James has worked tirelessly to get us the best deal in record time. Contact has been professional and informative and James has reassured us at many stressful points along the way. I will definitely be recommending Green and Green and will use again.
Jenny Palmer
Ready to get started?
If you’re ready to start your property portfolio, fill in our contact form and book yourself in for a free, no-obligation chat.
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Frequently asked questions about buy to let mortgages
What is the minimum deposit required for a buy-to-let mortgage?
You’ll usually need a deposit of at least 20-25% of the property’s value. This can vary depending on the lender and your financial situation.
Can first-time buyers get a buy-to-let mortgage?
Yes, but it can be a bit more challenging. Some lenders prefer borrowers who already own their home. We can help you find lenders who are open to working with first-time buyers.
Are there tax implications for buy-to-let properties?
Yes. Rental income is subject to income tax, and there are limits on how much mortgage interest you can deduct from your tax bill. It’s a good idea to speak with a tax advisor to understand what’s involved.
What if I can’t find tenants and my property is empty?
You’re still responsible for making mortgage payments even if your property is vacant. Make sure you have a financial plan in place to cover your mortgage in case you can’t find tenants right away.