We know which lenders might give you the green light
We work closely with the major providers to bring you the right deal. Get access to well-trusted mortgage providers without the hard work. Plus, we work with over 80 lenders to ensure you find the most suitable option for your needs.
Accord Mortgages
Pepper Money
Barclays
Principality Intermediaries
Bluestone Mortgages
Buckinghamshire Building Society
Buy-to-Let by Foundation
Kensington
Metro Bank
Newcastle for Intermediaries
The Nottingham Building Society
Mansfield Building Society
Your home may be repossessed if you do not keep up repayments on your mortgage.
What you need to know
A buy to let mortgage is for properties that you are already or intending to let out and typically fulfill the below criteria:
- You want to invest in houses or flats
- You already own your own home, whether outright or with an outstanding mortgage.
- You have a good credit record and are not too stretched on your other borrowings, e.g credit cards
- You earn £25,000+ a year.
- You are under a certain age. Lenders have upper age limits, which are typically between 70 and 75 - that is the age you need to be within when the mortgage ends.
Read our guides on buy to let properties here
What our customer say
Discover what our customers have to say about their experiences with us. Hear from those we've assisted in making their property and financial dreams a reality, and see how our commitment and expertise have made a difference.
We are with you every step of the way
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Key differences buy to let and a residential mortgage
The fees for a buy to let mortgage tend to be higher than residential mortgages, as are interest rates. The minimum deposit for a buy to let mortgage is usually 25% of the property's value although it can be higher). A lot of buy to let mortgages can also be interest only .
If you are relying on the rent to pay for the buy to let mortgage (and a lot of landlords do), it would pay to ensure that you have a plan for periods there are no tenants in the property. You also need to take into account damages to your property or fixing things which could break (like the boiler in winter). There are specialist Landlord Insurance policies that take care of various aspects of letting out a property.
Most buy to let mortgage lending is not regulated by the Financial Conduct Authority (FCA).
Call us on 0333 207 0522 or arrange a call back below.
Very friendly and caring approach- I was made to feel very well looked after and reassured by their professionalism and expertise. I would highly recommend to others looking to remortgage.
Luke Anderson
Very friendly and caring approach
How does remortgaging work?
Remortgaging means changing your current mortgage deal whilst you remain in the same property.
Should I remortgage?
You can remortgage at any time but it is not worth doing just to switch lenders.
What information do I need for my mortgage?
You can remortgage for a variety of reasons such as securing a lower interest rate, consolidating debt or raising capital for home improvements.
When considering remortgaging, it's crucial to evaluate your current financial situation and future goals. Our expert advice team can help you assess if remortgaging is right for you by comparing potential savings against associated costs.
FAQs
Here, we answer the most common questions about our financial services to help you make informed decisions. If you need more detailed information, our expert team is always available to assist.
Remortgaging involves switching your existing mortgage to a new lender or deal without moving home. It typically aims to get a better interest rate, reduce monthly payments, or release equity. The process involves applying for a new mortgage and using it to pay off your existing one.
The best time to remortgage is usually when your current mortgage deal is about to end, typically before the end of a fixed or discounted rate period to avoid reverting to the lender's higher standard variable rate (SVR). It’s also beneficial to remortgage if interest rates have dropped, your property value has significantly increased, or you need to borrow additional funds.
Remortgaging can involve various fees, such as early repayment charges (ERC) on your existing mortgage, valuation fees, legal fees, arrangement fees for the new mortgage, and any broker fees if you use a mortgage broker. It’s important to consider these costs when calculating the overall benefit of remortgaging.
The amount you can borrow depends on factors like your property's value, your income, existing debts, and the lender's criteria. Generally, lenders will offer up to a certain percentage of your property’s value, known as the loan-to-value ratio (LTV), and will assess your ability to repay based on affordability checks.
Benefits of remortgaging include lower interest rates, reduced monthly payments, releasing equity for other financial needs, and switching to a more suitable mortgage product. However, risks include incurring fees that outweigh the savings, extending the mortgage term which could increase the total amount paid, and the potential for higher interest rates if you don’t lock in a good deal.
Find your mortgage solution
We specialise in buy to let mortgages and can match you to the right lenders (as requirements for getting a BTL mortgage vary by lender). We also handle the process from start to finish saving you time, money and effort. Call us on 0333 207 0522 or arrange a call back below.
Buy-to-let mortgages explained
Buy-to-let mortgages are tailored for those purchasing property to rent out. Unlike residential mortgages, these loans usually require a larger deposit, typically around 25% of the property's value. Lenders assess the mortgage based on the rental income expected from the property, often requiring it to cover at least 125% of the mortgage payments.
Interest rates for buy-to-let mortgages are usually higher than those for residential loans and can be either fixed or variable. It’s essential to consider how interest rate fluctuations might affect your payments and overall returns. Additionally, budget for extra costs like maintenance, management fees, and insurance. Consulting a financial adviser can help you navigate the specifics and ensure a profitable investment.
Mortgage advice
We’ve built our reputation on long lasting relationships with our clients. You will recieve regular contact from us beyond your initial application.
Let us handle everything
From application to liaising with lenders, solicitors and estate agents - we handle it all. Our dedicated processing team to ensure your application is handled smoothly until the day you complete.
We provide a lifetime service
We’ve built our reputation on long lasting relationships with our clients. You will recieve regular contact from us beyond your initial application. When it’s time to remortgage, we will be in touch to discuss your options. Let Mortgage Wise take the hassle out of managing your mortgage.
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Our guides
In our our Guides section, you’ll find valuable resources to help you with various financial and property-related decisions. Whether you’re buying your first home, managing bad credit, exploring buy-to-let opportunities, or consolidating debt, we have the information you need. Our guides also cover topics like home improvements, interest-only mortgages, and remortgaging, providing you with the knowledge to make informed and confident choices.
Think carefully before securing other debts against your home. 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.
