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Buy to Let Mortgages

See how we can help buy your first Buy to let property, add to your portfolio, or simply switch your buy to let mortgage deal

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We’re rated Excellent on Google – We’ve got you covered

Author: Will Walton - Mortgage Advisor, Founder

Updated: February 23, 2023

  • Buy-to-let mortgages : What you need to know

Here’s everything you need to know about getting a buy-to-let mortgage. From mortgaging your first rental property, to optimising the finance on your portfolio.

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Are you be able to buy a rental property as your first ever property ?

you may be able to buy your first property as a buy-to-let property. A first time buyer buy-to-let mortgage will be assessed differently than if you already own a home. Your affordability for the mortgage based on your income will be primarily considered. 

Can you get a mortgage as a limited company?

Yes -you can set up a specific type of limited company for property investment and some lenders may be able to help with options from day 1 of setting up. These types of limited companies are called Special Purpose Vehicles (SPV) and these are identified by the specific SIC code of the limited company.

The top 3 things that prevent you getting the best buy-to-let mortgage deal

Here are some property specific issues our clients come across with their buy-to-let properties that impact mortgage options:

  • Leasehold properties – Check the conditions and length of the lease.
  • Escalating ground rent  – this can limit mortgage options
  • Proximity to commercial premises – f the property is next to, above or very close to a commerical premises (things like restaurants, shops, farms etc) this can limit the mortgage options available.

Getting the most out of your mortgages?

We’re here to help. Many of our clients have portfolios of mortgaged properties. We keep them up to date with mortgage news and let them know when it’s to review their mortgage deals.

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How much deposit will I need?

This will depend on several things  such as:

  • Your credit history
  • Your income 
  • The property you are looking at buying 

We’re here to help you understand exactly how much deposit you can expect to need. In some cases your credit history can mean mortgage lenders will require you to use a higher-than-average deposit. We can help advise on the exact mortgage options available to you so you have clarity when it comes to your budget.

Minimal Advice Fees

We believe in minimal advice fees to help you save on your mortgage. There may be a fee for arranging a mortgage however, the precise amount will depend upon your circumstances and this will not exceed £195. The fee may be waived subject to the terms of the fee waiver agreement and will be confirmed within the initial meeting.

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Rated Excellent by our clients

Will has been an amazing.

 He has been there throughout my home buying processing going out of his way to help. He found me a great mortgage deal which met my requirements and he was there to answer all my mortgage and home buying questions. He is very professional, great communication , honest and knowledgeable.He has made my house buying journey seamless and I couldn’t be more grateful.
 
 

Margaret – Google Review

An awesome service from beginning to end.

Will is just amazing. He helped me through the process of re-mortgaging under complex circumstances every step of the way. He responded swiftly to every enquiry and gave me the confidence that everything was under control. I would recommend his services to anyone as he really knows what he is doing and got me the best deal possible. Thanks Will

Jennifer – Google Review

Continuously goes above and beyond to give the best service

I have spoken to many mortgage advisors and Will by far is the most thorough, detailed, approachable and available individual that I have had the privilege of working with. He is very transparent, helpful and continuously goes above and beyond to give the best service to his customers. Thank you Will for looking after me. It has been great working with you.

Hamid – Google Review

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Important Information

Mortgage Sorted is an Appointed representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority. Proprietor : William Walton.
Mortgage Sorted  will be what is known as the ‘controller’ of the personal data you provide to us. We only collect basic personal data about you which does not include any special types of information or location-based information.

Minimal Fee mortgage advice:
We believe in minimal advice fees to help you save on your mortgage. There may be a fee for arranging a mortgage however, the precise amount will depend upon your circumstances and this will not exceed £195. The fee may be waived subject to the terms of the fee waiver agreement and will be confirmed within the initial meeting.

 

Some types of buy to let mortgages are not regulated by the FCA. Think carefully before securing other debts against your home. Important Information Your home may be repossessed if you do not keep up repayments on your mortgage. Think carefully before securing other debts against your home.  Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. You may have to pay an early repayment charge to your existing lender if you remortgage. As with all insurance policies, conditions and exclusions will apply

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