Buy to Let

Buy-to-let (BTL) mortgages are for landlords who want to buy property to rent it out. The rules around buy-to-let mortgages are similar to those around residential mortgages, but there are some key differences.

Book Appointment
Buy to Let

At Mortgage IQ we can help you with a new Buy-to-Let mortgage or we can review existing mortgages to see if we can help you find a better deal. We have access to a wide range of lenders and are able to provide clients with a comprehensive service that will give access to the best deals in addition to our expert support throughout the process.

We arrange buy to let mortgages for every type of client – from first time landlords to experienced landlords with large portfolios. We’ll work with you to understand your strategy both now and in the future, and find the best deal from our panel to help you achieve your goals.

Your home or other property 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.

Step 01

Speak to a Mortgage IQ Adviser.

We can help you calculate your budget and get you an agreement in principle.

Step 02

Find a property.

Put an offer on the property you wish to purchase, once this is accepted you can proceed to the next steps.

Step 03

Apply for your mortgage.

Meet your IQ adviser who will guide you through the application process, ensuring to find the best lender to suit your needs.

Step 04

Review your protection

Your Mortgage IQ adviser will ensure you and your new property are adequately protected. You need to plan for the unexpected with a buy to let, like a tenant leaving or repair work and so it is important to protect yourself and your income.

Step 05

Receive your offer.

Once your mortgage is assessed and the property valued, if your application is successful, you will receive your offer and Mortgage IQ will work with you and your solicitor to complete on your mortgage.

Step 06

Complete on your mortgage.

The funds will be drawn down on your new buy to let property, you can start collecting rental income from tenants .

HOW MANY PEOPLE ARE APPLYING?

Applicant 1

Yearly Income

You could borrow

Change amount to borrow

Amount to borrow

Input amount to borrow value

What will my monthly mortgage payments be?

 

Mortgage Term

Input mortgage term

Interest Rate

Input interest rate

Your monthly payment will be

Assuming interest rates stay the same

The total amount you will pay over the term is

0 capital and 0 interest.

Mortgage debt over time

 

These results are for a repayment mortgage and are only intended as a guide. The amount you can borrow may be more or less than this. Please make sure you obtain accurate figures from your lender before committing to any mortgage.

It looks like you could borrow between:

£120,000 - 150,000

This means with the minimum required deposit of 10% you may be able to buy a house up to £0.00.


Next Steps

By answering a few more questions, we can check exactly how much you can borrow (and also check your eligibility for a mortgage) with top mortgage lenders.

These results are for a repayment mortgage and are only intended as a guide based on income multiples, not taking into account your specific circumstances. The amount you can borrow may be more or less than this. Please make sure you obtain accurate figures from a member of our team before committing to any mortgage

Your home may be repossessed if you do not keep up repayments on your mortgage

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