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Buy-to-Let / Let-to-Buy

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Buy to Let

A ‘Buy-to-Let’ mortgage is a loan taken out on a property with an intention to let out to tenants rather than for yourself to live in.

Buy-to-let mortgages tend to be mostly on an Interest only basis as it is taken out for capital appreciation. Therefore, not all buy-to-let mortgages are regulated by the FCA (Financial Conduct Authority).

You can get a buy-to-let mortgages on:

  • Properties being purchased with the intention to be let
  • An inherited property that will be or has already been let out
  • Your current property when purchasing and moving to a new residential property. (This will be regarded as a let-to-buy).
Let to Buy

This is where you decide to move to a different property with the intention of letting the property out for capital appreciation. The residential mortgage will need to be switched to a buy-to-let mortgage. Unlike other types of Buy-to-let that are usually unregulated, this type of BTL mortgage is regarded as consumer buy-to-let and therefore would be regulated by the Financial Conduct Authority.

Advance Mortgages works with unlimited lenders meaning we could source the perfect product for you; worried about not receiving enough rent to borrow the desired amount? We have lenders who’ll be able to use your personal income to top-up the affordability.

We’ll help you jump the hurdle…Why not call us today?

Things to consider when purchasing a BTL property:

  • Rental yield
  • Capital Growth
  • Deposit
  • Type of Mortgage rate
  • Fees involved

Know the available rates suitable for your needs:

  • Fixed
  • Tracker
  • Standard Variable
  • Discounted Variable

Your property may be repossessed if you do not keep up with repayments on your mortgage or on any other secured loans.

There is no guarantee that it will be possible to arrange continuous letting of the property, nor that rental income will be sufficient to meet the cost of the mortgage. 

There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% of the amount borrowed, but a typical fee is £495.

Some buy to let mortgages and commercial mortgages are not regulated by the Financial Conduct Authority.