Can I port my Buy-to-Let mortgage?

Porting depends on the lender criteria at the time. Most lenders will allow you to port a deal should you meet this criteria.

Can I get a Buy-to-Let mortgage with bad credit?

There are specialist lenders in the market who are prepared to lend to those potential investors with a bad credit record. Adverse credit events that will need to be considered are: Defaults CCJs (County Court Judgements) IVA (Individual Voluntary Arrangements) Discharged bankruptcy Debt management plans It’s important to remember that the amounts involved, the severity of the event, and the amount of time that has passed, as well as the applicant’s current financial situation, will affect the view taken by the lender when they consider the mortgage application.

Can foreign nationals get a Buy-to-Let mortgage?

It’s absolutely possible, but how difficult the process will be will depend largely on their residential and employment status. If you’re a resident in the UK, have the right to live here permanently, are here on other forms of Visa such as Tier 2, then there should be minimal issues. Your employment status and length of time spent in the UK may also have a bearing. However, things will be a lot more difficult if you are a foreign national no longer living in the UK. But there are specialist lenders available out there. The product options may be rather limited and you might background checks to be a little more thorough than usual, as there is an increased risk to the lender.

Can an expat get a Buy-to-Let mortgage?

Most mainstream lenders will not entertain the additional perceived risk involved with extending a mortgage on a UK property to individuals based outside of the country. And those that will undertake this plan will apply for tighter criteria for underwriting. Perhaps if the applicant is working for a global employer, this will help your case, but it is no guarantee. What is certain is that a lender will demand a higher deposit–perhaps in the region of 25-30% or more. Buy-to-Let mortgages for expats is a very specialist area of mortgage underwriting, and lenders in this sector typically use their own very individual criteria. For this reason, it’s recommended that you discuss your situation with an experienced mortgage broker with knowledge in this field.

Can I get a Buy-to-Let mortgage on a new-build property?

When looking for a Buy-to-Let investment opportunity, there is no difference between buying a new-build or an existing property. As usual, the lender will state a minimum deposit required and the anticipated rental income will be a key factor in their calculation.

Do I pay more Stamp Duty when buying a Buy-to-Let property?

It’s true that when purchasing a Buy-to-Let property, you will be likely to pay more Stamp Duty. The government introduced new Stamp Duty rates in 2016, so anyone buying a second or additional property will have to pay an extra surcharge of 3% on top of the current rates

How many Buy-to-Let properties can I have?

There is no official limit on the amount of Buy-to-Let properties you can own. There are a number of landlords who have an extended portfolio of properties that they manage in the course of their property business. However, some lenders will impose their own limits on the size of the portfolio you can hold with them. Most mainstream lenders will usually be content with a maximum of 10 properties, with at most 4 under mortgage. They may also impose a cap on the total level of borrowing between £2M-5M. However, this all depends on the lender. If you have three or more investment properties, you are normally viewed as a ‘portfolio landlord’ so lenders will be more thorough with their underwriting criteria. They will often carry out a full analysis of your portfolio and may require your income tax assessments. They may also need things like copies of your tenancy agreements.

What is a regulated Buy-to-Let mortgage?

Typical Buy-to-Let mortgages that are taken out on properties solely for investment purposes, are not regulated by the FCA (Financial Conduct Authority). A property will become regulated when the property is occupied by a family member or will be in the future. This usually refers to immediate family – siblings, parents, grandparents, or children. Extended family members are not classed in the same way so a conventional Buy-to-Let mortgage would be suitable. There are exceptions to this rule – if your family member was living in less than 40% of the property. Typically applying in the case of an HMO where there are multiple non-related occupants also residing. As ever, you should consult with an expert before making any final decisions.

A buy-to-let mortgage broker looking at a tablet smiling after helping a customer

Buy-to-let mortgage brokers

Unlock your property investment goals with The Mortgage Centres. Our specialist buy-to-let mortgage brokers are here to connect you with the perfect Buy-to-Let mortgage for your unique needs.

Mortgages tailored for property professionals.

Do you qualify? Only takes a few minutes, NO CREDIT CHECKS!

Do you qualify? Let's talk

884 Reviews

4.98 out of 5

247 Reviews

Buy-to-let mortgage brokers: Your guide

Buy-to-let mortgages are loan secured on a property that has been purchased with the intention of renting it out. For full details on landlord responsibilities, you can check official UK government guidance. It cannot be used as a residential home.

Buy-to-let mortgage rates and fees differ from those for a standard residential mortgage, as do lender’s eligibility criteria. This is usually based on the buyer’s circumstances and the determined income generated by the property.

Finding a lender with a product and criteria that match your situation can be quite complex and time-consuming. So, consulting with a buy-to-let mortgage broker can make the process a little more straightforward.

Read the full guide Let's talk

Specialist buy-to-let mortgages

No matter if you are an experienced landlord or investing in your first Buy-to-Let mortgage, our buy-to-let mortgage brokers are here to help.

Are you a Brit living abroad?

If you’re a British citizen living abroad and want to invest in your future in the UK, our buy-to-let mortgage brokers are on hand to help you with buy-to-let!

Read the guide

A young professional looking at paperwork for buy-to-let mortgages for first-time buyers

Are you a first-time landlord?

If you’re a first-time buyer but want to start with buy-to-let, it might be a but more complicated but our expert buy-to-let mortgage advisors are here!

Read the guide

Renting to multiple tenants?

HMO comes with a lot of regulation but it doesn’t mean you can’t invest, our buy-to-let mortgage brokers can help you find the mortgage for your needs.

Read the guide

Renting out for holidays?

Holiday let mortgages let you to buy a property with the intention of letting it out as seasonal accommodation. Speak to a buy-to-let mortgage broker!

Read the guide

Considering interest-only?

The main advantages of interest-only buy-to-let lie in flexibility and tax efficiency. Speak to one of our specialist buy-to-let mortgage advisors today.

Read the guide

Renting out your own home?

This is called a let-to-buy and is often used to raise funds for a purchase of a new home! Our specialist buy-to-let mortgage brokers are here to guide you through.

Read the guide

Buying via a company?

Using a limited company offers tax relief and highly efficient income structuring. Speak to one of our specialist buy-to-let mortgage brokers today for expert advice!

Read the guide

Purchasing a block of flats?

Multi-unit freehold blocks (MUFBs) can represent a very good investment opportunity. Our experts buy-to-let mortgage brokers are here to help!

Read the guide

Building your portfolio?

Buy-to-Let properties are highly attractive investments. Manage your portfolio through shifting markets. Book a free initial no-obligation consultation with an expert!

Read the guide

Remortgaging your buy-to-let?

A Buy-to-Let remortgage involves shifting your loan to another lender or a different product from the same lender. Speak to our experts today for tailored advice!

Read the guide

How much could you borrow?

Fill out a few details to see if you are eligible for a buy-to-let mortgage with NO effect on your credit score!

Mortgage advisors you can really trust

Finding the right mortgage can be overwhelming, but The Mortgage Centres team is here to help. We offer tailored solutions for first-time buyers, remortgages, and investors, guiding you every step of the way.

Free initial advice

5 star reviews

Access to the whole market

Established over 25 years

Personal service

Here's your next step

Let’s talk

Our team will aim to get back to you within 24 hours.

0330 0945876 Standard network rate
[email protected]

"*" indicates required fields