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Buy to Let (BTL) Mortgages are used for purchasing or refinancing property specifically to rent it out. Unlike standard residential mortgages, it's assessed based on potential rental income rather than the borrower's income. Generally requiring a larger deposit, these mortgages often have higher interest rates. They are popular among property investors and landlords. The borrower is responsible for ensuring the property is tenanted and maintaining mortgage payments, regardless of rental occupancy. It's a key financial tool for building a property investment portfolio.

WHAT IS A BUY TO LET MORTGAGE?

NO UPFRONT FEES

NO BROKER FEES

Key benefits of Buy To Let Mortgages:

PURPOSE & USE

  • For investment property purchases

  • Rents cover mortgage repayments

  • Long-term income and capital growth

  • Not for owner-occupied properties

FEATURES & BENEFITS

  • Interest-only options available

  • Potential tax deductions

  • Leverage for property portfolio expansion

  • Fixed or variable rate choices

CONSIDERATIONS & RISKS

  • Higher interest rates than residential mortgages

  • Requires larger deposit

  • Rent gaps may impact repayments

  • Subject to property market fluctuations

Experienced. Trustworthy. Tailored.

Clever Commercial is an award-winning brokerage with over 30 years expertise in providing bespoke property financing solutions. Competitive rates, flexible criteria, and unrivalled service. Build your future - partner with us.

WHY CHOOSE CLEVER COMMERCIAL?

FREQUENTLY ASKED QUESTIONS

What is a Buy To Let Mortgage?

A Buy to Let mortgage is used for purchasing or refinancing a property specifically to rent out. Unlike a standard mortgage, it's assessed based on rental income potential and the investor's financial situation.

Who is eligible for a Buy To Let mortgage?

Generally, applicants need a good credit score, existing property ownership, and a stable income. Lenders also assess based on the property’s potential rental income.

What are the key differences between Buy To Let and Standard Mortgages?

Buy to Let mortgages often require a higher deposit, potentially higher interest rates, and the lending decision is primarily based on projected rental income rather than just the borrower's income.

Can I convert my existing mortgage to a Buy To Let?

Yes, but you must obtain consent from your current mortgage lender. They will reassess your financial situation and may change the terms of your loan or suggest a new Buy to Let mortgage product.

CONTACT DETAILS

Email:

enquiries@clevercommercial.co.uk

Telephone Number:

01981 250511

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