Deposit and property
The deposit required can vary according to the lender, property type, applicant and wider circumstances.
Buy-to-let mortgages
Clear mortgage guidance for your rental property plans.
Whether you are considering your first rental property or reviewing an existing portfolio, Joanne can help you understand the mortgage process and the factors lenders may consider.
Mortgage advice for landlords
Understand the borrowing before committing to the property.
Buy-to-let mortgages are assessed differently from standard residential mortgages. Lenders may consider the expected rental income, property, deposit and your wider circumstances.
Joanne will take the time to understand what you are hoping to achieve and explain the mortgage considerations in straightforward language.
Joanne may be able to help if you are:
- Considering your first buy-to-let property.
- Adding another property to an existing portfolio.
- Reviewing the mortgage on a current rental property.
- Considering whether to purchase personally or through a company.
- Trying to understand lender rental-income requirements.
Important considerations
Buy-to-let lending involves different assessments.
Mortgage availability depends on the property, expected rent, applicant and lender criteria. Tax and legal advice may also be required separately.
Expected rental income
Lenders commonly assess whether the expected rent meets their requirements using their own calculations and assumptions.
Ownership structure
Purchasing personally or through a limited company can affect mortgage options. Specialist tax and legal advice should be sought before deciding.
The process
From discussing the property to completing the mortgage.
Joanne will explain which information is required and manage the mortgage application once you decide to proceed.
- 01
Discuss your plans
Joanne will ask about your experience, deposit, intended property, expected rent and what you want the investment to achieve.
- 02
Understand the lending position
The property, rental assessment, ownership structure and your personal circumstances will be considered.
- 03
Review the available options
Joanne will research suitable routes and explain the mortgage, associated costs and relevant considerations.
- 04
Apply and manage the case
If you decide to proceed, Joanne will submit the application and manage mortgage-related queries through to completion.
Buy-to-let questions
Common questions from prospective landlords.
These answers are general. The available mortgages and requirements will depend on the property and your individual circumstances.
How much deposit will I need?
Deposit requirements vary between lenders and can depend on the property, expected rent, applicant and type of mortgage being considered.
Does the expected rent affect how much I can borrow?
Yes. Lenders commonly use their own rental-income calculations when assessing buy-to-let affordability. The calculation and assumptions can vary between lenders.
Can I get a buy-to-let mortgage as a first-time landlord?
Potentially. Some lenders consider first-time landlords but the available options will depend on your circumstances, deposit and property.
Should I buy personally or through a limited company?
This decision can have mortgage, tax and legal implications. Joanne can explain the mortgage considerations but you should obtain appropriate tax and legal advice before choosing a structure.
Discuss a buy-to-let mortgage
Talk through your property and borrowing plans.
Begin with an initial conversation about the property, deposit, expected rent and what you hope to achieve.