Buy to Let

A Buy to let mortgage allows you to buy a property in order to rent it out for others to live in.

More and more people are taking these out as forms of long term investment and there are plenty of competitive schemes for you to choose from.

However, each lender calculates the amount they will lend to you in a different way and has different lending rules.

Things to consider.

• You will be required to put down a deposit of at least 11-25% of the puchase price.


• The rent usually has to exceed the mortgage payment by 25/30%. However there are some schemes where the rent needs only to match the monthly mortgage amount.


• You usually need to be in work either employed or self employed and in most cases be able to prove a minimum income.


• The property you are buying needs to be in a letable condition.


• The property needs to satisfy the lender’s requirements in terms of property type and who the freeholder is.

London Mortgage Advice has many years experience in helping clients purchase investment properties. Because the requirements vary so much between lenders it is recommended that you talk to us first about each property you are considering purchasing. In this way you will get the best deal.

How much can I borrow? In the calculator below, put in your expected rent per month and the calculator with tell you how much mortgage you are likely to get. However as stated above, each lender calculates differently, so use the figures below as a guide only .

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