A buy-to-let mortgage is generally intended for a property purchased or owned for rental purposes rather than as the borrower's main home.
Buy-to-let lenders commonly consider the deposit available, expected rental income, property details and the applicant's circumstances. Eligibility requirements vary between lenders.
Prospective landlords may need to consider mortgage fees, maintenance, insurance, periods without tenants and other property-related expenses. Tax treatment can also affect the overall costs.
A mortgage adviser with relevant experience can explain mortgage options and lender requirements. Not all buy-to-let lending is regulated in the same way. Whether FCA rules and protections apply to a particular buy-to-let mortgage depends on the circumstances, so ask your adviser to explain how this applies to you.
Local Advisors introduces prospective landlords and property investors to mortgage advisers. We do not provide mortgage, investment or tax advice.
Before choosing an adviser, explore our Mortgage Guides for information about adviser fees, FCA checks and questions to ask.
Before we introduce a mortgage advisor, we check their FCA registration number. You can check any advisor’s status on the FCA Register (register.fca.org.uk).
We match you with a mortgage advisor who can help and who will offer a free initial consultation. There is no obligation to proceed with the professional advice or guidance that you receive.
We ensure that your mortgage advisor has relevant industry regulation and data protection registration. Our internal checks ensure that all mortgage advisors that we recommend are authorised to provide advice.
We may receive payment for introducing you to an advisor. There is no charge to you for our introduction service.