A Buy to Let mortgage is a loan for purchasing or refinancing residential property intended to be let to tenants rather than lived in by the borrower. Rates and fees are typically higher than those found with a standard residential mortgage.
Buy to Let mortgages
Whether you're purchasing your first investment property or expanding your portfolio, our Nottingham-based team of specialist Buy to Let mortgage brokers will guide you through the complexities of the Buy to Let market and help you secure terms on Buy to Let mortgage rates that suit your long-term goals.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Some Buy to Let mortgages are not regulated by the financial conduct authority.
Get in touch to discuss your investment plan with an experienced Buy to Let mortgage adviser.
Get in touch
Get in touch
Smart Buy to Let solutions
Buy to Let expertise
James Leighton's specialist Buy to Let mortgage advisers are experienced in helping property investors secure a suitable mortgage for Buy to Let property purchase. We use our experience to assist in various situations, from first-time buyers to seasoned property investors securing property purchases of varying values.
Getting the most suitable BTL mortgage rates can help investors generate greater rental yields from their investment property. Working with one of our professional Buy to Let mortgage brokers will aim to maximise your returns. We ensure you consider the most suitable options and sometimes can often access exclusive Buy to Let mortgage interest rate deals from our range of lenders.
- Call: 0115 870 9520
- Email: [email protected]
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Speedy and efficient process
We understand that property investors are busy people. Thanks to our client-led process, The James Leighton Way, our objective is to save you time and money. Whether you are a seasoned portfolio investor or a first-time landlord, we will organise all the admin and paperwork.
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Tailored Buy to Let advice
Our Buy to Let mortgage advisers will conduct a thorough assessment of your financial situation to ensure that the mortgage solutions we recommend are tailored to meet your specific needs. We’ll help you manage and grow an existing Buy to Let portfolio or build one from scratch. Our objective is to minimise the hassle and maximise yield.
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Professional and whole of market guidance
James Leighton is a whole of market mortgage brokerage with access to over 90 lenders, including Buy to Let specialist lenders and packagers. We also offer exclusive Buy to Let mortgage rates via Quilter Financial Planning Limited, one of the country’s largest mortgage networks. We are privately owned and offer 100% whole of market advice.
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Case Management Team
Our clients tell us that our Case Management team is invaluable to them. They are committed to supporting you every step of the way throughout the process of obtaining a Buy to Let mortgage or a remortgage for Buy to Let property. This includes document gathering, arranging adviser appointments, liaising with lenders and solicitors, and keeping you updated at all times—all at no cost to you!
Whole of market
James Leighton provides a fee-free mortgage service to clients nationwide. We search the whole of market for mortgages, including Buy to Let and Let to Buy.
Things to consider
Legal obligations
As a landlord, you have legal obligations towards your tenants. These include ensuring the property meets health and safety standards, protecting the tenant’s deposit in a government-approved scheme, and providing an Energy Performance Certification (EPC). Failure to comply can result in penalties.
Remember, every investment comes with risks and potential rewards. It’s crucial to do thorough research and to seek advice from an experienced Buy to Let mortgage adviser.
Things to consider
Understanding the market
The UK Buy to Let market can be lucrative, but it’s important to understand the dynamics before investing. Research your chosen area's property market, rental yields, and tenant demand. Consider economic factors such as interest rates and housing regulations that could impact your investment.
Things to consider
Financial considerations
Calculating the financial viability and profitability of a Buy to Let property is imperative. This includes balancing the initial deposit, mortgage repayments, insurance costs, taxation, property maintenance expenses, and accounting with the potential rental income.
By your side
Let us do the hard work for you
Navigating the Buy to Let mortgage market can be complex and time-consuming, especially compared to standard residential mortgages. That’s where we come in. As experienced Buy to Let brokers, we add value by taking the time to understand your unique circumstances, existing property portfolio and your short, medium, and long-term financial objectives. We then use this information to find and secure the right Buy to Let mortgage rates for you. We handle all the paperwork and liaise with lenders, developers, estate agents and solicitors on your behalf. We aim to make the process as smooth and hassle-free as possible, allowing you to focus on growing your property investment portfolio.
- Call: 0115 870 9520
- Email: [email protected]
FAQs
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What is a Buy to Let mortgage?
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How does the deposit for a Buy to Let mortgage work?
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The deposit for a Buy to Let mortgage is typically larger than for a standard residential mortgage. This is often 25% of the property’s value but can range from 20-40%. The size of the deposit can affect the interest rate and terms of the mortgage.
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Who can get a Buy to Let mortgage?
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Buy to Let mortgages are typically for landlords and property investors, both individuals and companies. Lenders look at potential rental income, personal income, credit history and age, among other factors. Some lenders may require you to own your own home or have a certain number of existing properties.
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How does the Buy to Let mortgage interest rate differ from a residential mortgage?
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A Buy to Let mortgage interest rate is usually higher than a standard residential mortgage. This is because lenders view Buy to Let investments as higher risk. Interest rates can be fixed, variable, or tracker-based, depending on your preference and financial situation.
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How can a Buy to Let mortgage broker help?
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A Buy to Let mortgage broker provides tailored guidance to help secure a mortgage for Buy to Let investments. They will assess your financial situation, explain lender requirements, and guide you through the application process.
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Do Buy to Let mortgage brokers offer exclusive deals?
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Some Buy to Let mortgage brokers have access to a wide range of lenders, including exclusive products not available directly to borrowers. They compare options to secure competitive Buy to Let mortgage rates for your investment strategy.
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Can first-time landlords get a Buy to Let mortgage?
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Yes, first-time landlords can apply for a Buy to Let mortgage, but options may be more limited. Lenders may require a larger deposit or evidence of financial stability. A Buy to Let mortgage broker can help find a suitable lender for your situation.
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What are Buy to Let remortgage rates, and when should remortgaging be considered?
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Buy to Let remortgage rates vary depending on the lender and market conditions. Many landlords choose to remortgage when their current deal ends to avoid moving onto a higher standard variable rate (SVR). A Buy to Let mortgage broker can compare lenders to find a more competitive deal.
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What rental income is required to qualify for a Buy to Let mortgage?
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Lenders usually require the expected rental income to be at least 125–145% of monthly Buy to Let mortgage interest payments. This ensures costs can be covered even if interest rates rise.
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Is a Limited Company needed to get a Buy to Let mortgage?
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No, a Buy to Let mortgage can be obtained as an individual or through a Limited Company. Some landlords choose Limited Company structures for tax benefits. A Buy to Let mortgage broker can advise on the most suitable route.
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Can self-employed applicants get a Buy to Let mortgage?
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Yes, self-employed applicants can apply for a Buy to Let mortgage, but lenders may require proof of income, such as tax returns or business accounts. A Buy to Let mortgage adviser can guide applicants through the process.
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Are interest-only Buy to Let mortgages available?
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Yes, many Buy to Let mortgages are interest-only, meaning only the interest is paid each month and the full loan is repaid at the end of the term. This can help maximise cash flow, but a repayment plan must be in place.
New build mortgages
Get professional advice on securing a mortgage for a new build property.
First-time buyers
Buying your first home? Our first-time buyer mortgage advisers will provide clear explanations and dedicated support throughout the process.
Home movers
Whether you’re upsizing or downsizing, we'll find the most suitable mortgage solution for your needs.
Remortgaging
Looking for a more suitable mortgage deal? Our remortgage brokers will help you explore your options and make the switch.
7.5%
of total gross mortgage advances were occupied by Buy to Let mortgages in Q3 of 2023*.
This equates to equates to £4.7 billion in lending.
The data reveals that there is still a demand for Buy to Let mortgages among property investors.
*Source: https://www.uswitch.com/mortgages/buy-to-let-statistics/
Dan Ross - Senior Remortgage Adviser
"We take pride in providing exceptional service to our buy-to-let clients, demonstrating our commitment to innovative solutions for unique needs."
Dan joined the team in September 2020. He derives great satisfaction from educating his clients and changing their perspectives on mortgages and how they relate to their lifestyles.
What our customers say
I cannot stress enough how AWESOME JLFS are. My application was quite complicated but JLFS have made it so easy that I couldn't believe I got the mortgage in just a week. TOP TOP TOP quality.
