Expert Buy-to-Let
Mortgage Advice

Getting Started with Buy To Let

Types of Buy To Let (BTL) Mortgages

Typically these are fixed-rate mortgages – a fixed repayment amount over a specific period. Usually the longer the fixed-rate the higher the interest rate. Another option is a discount/variable mortgage - this takes a lender's standard variable mortgage rate and applies a set discount or tracks at a specific rate.

BTL Mortgages

Advice for New or Existing Landlords

BTL mortgages are for landlords who wish to buy a property to rent it out for investment purposes. A deposit of 25%-40% will usually be required to obtain a competitive mortgage deal. It's important that a borrower can afford to take the risks of investing in property and must consider this carefully.

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Purchase or Remortgage?

BTL mortgages are for existing landlords or for those wishing to become BTL landlords or raise funds on a property already owned with a remortgage. Borrowers are now required to demonstrate and evidence their income in order to apply for a BTL mortgage. For some lenders, this will be a minimum of £25,000 per annum but other lenders offer varying criteria.

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Why Choose a Mortgage Broker?

A mortgage broker has the advantage of access to a wider range of options for clients.

Understanding the Buy to Let Market

Before purchasing a property it's important that a borrower does research into the type of property they wish to buy, the area where it is located, property demand, rental income and construction and building works.

Advice for Landlords

There are numerous considerations for new landlords aiming to move into the rental market. These include the work associated with property refurbishment and ongoing maintenance, ancillary costs such as landlord insurance and stamp duty, and the process of ensuring the property meets compliance standards. In addition, the tax implications should be considered before entering into the BTL market or for additional purchases. We always recommend speaking to a suitably qualified tax advisor first.

The Hidden Costs of Buy to Lets

A mortgage quotation will provide the obvious costs for a BTL mortgage but what about the other costs of being a landlord? And there are many costs, some one-off, others annually or less frequently. These can include an Energy Performance Certificate, Electrical Safety Report, Gas Safety Certificate, Smoke & Carbon Monoxide Alarms. Some of the more obvious ones would include, income tax, letting agent fees, landlord licences, landlord insurance.


JB Financial Solutions Ltd is authorised and regulated by the Financial Conduct Authority (FCA).
Our FCA number is 531615.

Types of BTL Mortgages

First-time buyer morgages

HMO Mortgages

House in Multiple Occupation (HMO) is defined as a property rented out by at least three people who are all from a different household. They may share a bathroom and a kitchen but have their own separate bedroom within a property. This type of arrangement is common in areas where rents are very high and housing availability is in short supply. You would most likely find properties of this type in the large cities in the UK.

Buying a Home

Regulated Buy to Let Mortgages

This type of mortgage is required when a property is rented to an immediate family member. It is called Regulated because conventional BTL mortgages are not regulated. Common examples of a regulated BTL mortgage include a landlord renting a property to a sibling, parents renting to their child/children, and grandparents renting from their children. It's important to note that Regulated BTLs only apply to immediate families.

First-time buyer morgages

Portfolio Landlord Mortgages

A portfolio landlord is a borrower with four or more BTL properties rented in the UK. The application process is very similar to normal BTL, However, a new lender will want to complete an assessment of the background properties to establish they meet a specific rental/loan coverage ratio. We can help with arranging this process and making sure all the lender criteria are met.

Buying a Home

Buy to Let Mortgages with Bad Credit

It is possible to obtain BTL mortgages with bad credit in the background. Depending on when the adverse events occurred, it is likely to have an impact on the rates available to a borrower and sometimes a larger deposit may be required. Where this is the case, delaying making an application until improved rates can be obtained can make a BTL more cost-effective.

We're Here To Help

We’ve compiled a free guide that covers the key considerations and options for taking on a Buy to Let mortgage. For more help, please get in touch with an advisor.

Speak to us today for jargon-free mortgage advice

We are an mortgage advisor based in Southport and covering Merseyside and Lancashire. We work with clients across the region, including Liverpool, Manchester, Bolton, Preston, Wigan and St Helens, and sometimes further afield depending on the project.

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JB Financial Solutions Ltd is authorised and regulated by the Financial Conduct Authority (FCA).
Our FCA number is 531615.