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Buy to let mortgages

A buy to let mortgage is designed for those who want to buy property to rent out to a third party.

As with a residential mortgage you can choose between fixed, discount, and other mortgage types, however the key difference is working out how much you can borrow. 

Mortgage advice

Buy to let mortgage lenders look at the likely rental income from the property as well as the applicant's annual income. Here are some good points to note when looking into a buy to let mortgage:

  • Loan-to-value (LTV) is generally 60%-85% for buy to let mortgages.
  • Your rental income will generally need to be around 125% of the monthly mortgage payments.
  • You can expect a buy to let mortgage to be approximately 1%-2% more than a residential mortgage.
  • Many landlords prefer a buy to let interest only mortgage. The lender will normally base affordability on the rental income which will generally need to be 125% more than the monthly payments.
  • If you are planning to create a lettings portfolio – some lenders will place a cap on the number of properties it will mortgage.

Use the buy to let mortgage calculator to work out the required rental income that may be needed from your proposed buy to let property.

For more information or to book a mortgage appointment with our partners, Embrace Financial Services, call 0800 056 4508^ or complete the form and they'll call you back to book an appointment.

Buy to let mortgage enquiry

By talking to an Embrace Financial Services financial consultant, you will get a clearer picture of your mortgage needs. Fill out the form below and they will contact you to book an appointment.

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Call free on 0800 056 4508^

Customer reviews

Rated excellent on TrustPilot, creating great customer experiences is at the heart of what we do.

13 hours ago
Exceptional Service
I have been dealing with Emily Cook to arrange my next mortgage, I cannot recommend her highly enough. She has been so supportive and efficient throughout the process. Definitely the best I have worked with and I would use Emily again, thank you!
Caroline
2 days ago
Really easy and professional process…
Really easy and professional process for a remortgage ! Contacted Graham Sowerby who guided us through things from choosing the best provider deal on to a quick completion ! Thanks Graham we will use you again and will recommend you to family and friends ! Special mention to Kayleigh who kept us up to date throughout !
Gary Hannam
3 days ago
Excellent help for first time buyer
I highly recommend Craig Wilding. I was a first time buyer and unsure how all the processes work. Craig took the time to fit meetings around my busy work schedule, and patiently offered really clear advice.
Anne
3 days ago
I highly recommend Simon Gilbert
I highly recommend Simon Gilbert - the best Financial Consultant ever! Simon is highly resourceful and has managed to secure some brilliant deals for us. We have used Simon for a number of years and have never been disappointed. His timely responses and approachability have made our journeys through the morgage applications processes very easy.
Mrs Bot
4 days ago
Highly recommended Igor Roslonski
Had the pleasure of working with Igor Roslonski for acquiring a first time buy-to-let mortgage. Having no prior knowledge of this area, he patiently spent time walking me through various possible scenarios and later refined the stages for my particular case. Even though my first purchase didn't go through I later came back to Igor for another purchase, he swiftly took care of the process and quickly acquired a mortgage with competitive rates. Igor is very knowledgeable and meticulous in his work, easy to talk to and overall very helpful, would highly recommend.
Francel Piedra Herrera
1 week ago
Great broker for first time buyers
Me and my partner are first time buyers. We were lucky to get Lyam Mitchell as our mortgage broker. He was informative and helpful throughout the process. He helped me and my partner feel comfortable and relaxed and we were able to have a few laughs with him. This is something i feel is very important when dealing with such important matters. Would recommend.
Ciaran
1 week ago
Jo Williams - Clevedon Branch:
Jo could not have been more helpful, nothing was too much trouble always there to help and give advice. Very proffessioal and clear. Would highly recommend her.
Mark Potter
1 week ago
David Meredith in my case has done an…
David Meredith in my case has done an outstanding job. Minutes after I have seen the house I want to buy he contacted me, made me aware of the buying process. Being on a Saturday we stopped there but in Monday I received all the advice I needed, all the links and less than two days a brief mortgage promise which proved to be the best. He's been my link with financial institutions and lawyers at any given time. My rating is 100% I won't hesitate to recommend his services. I have already recomanded him to all my friends regarding purchase of a house, an insurance or just an advice Once again many thanks David
Viorel Baicu
1 week ago
My girlfriend & I are going through the…
My girlfriend & I are going through the process of buying our first house. Our financial advisor Jonathan Layton was incredibly helpful along the entire process & any questions we had for him or if we were concerned about anything, we were able to contact him at anytime and he would reassure us. Couldn’t have asked for a better financial consultant & I would recommend him to anybody.
Majoreyeswater
1 week ago
Colin Hopson at Embrace-fully…
Colin Hopson at Embrace-fully professional and efficient service It wasn't the first time Colin supported us with the whole process. Always professional and available and ready to listen to any concerns and to resolve all the difficult situations. Colin was responsive with any queries and happy to offer advice when needed. With Colin the whole process was easy and we didn't have to worry about anything, we could simply trust Colin and his professionalism. We would definitely recommend and would use his knowledge and advice again. David & Jad Kent
David & Jad
Rated 4.9 out of 5 based on 736 reviews on Trustpilot

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Embrace Financial Services usually charges a fee for mortgage advice. The amount of the fee will depend upon your circumstances and will be discussed and agreed with you at the earliest opportunity.