Specialist Buy To Let Mortgage Brokers

What is a Buy-to-Let property?

Buy-to-Let mortgages are designed for property investors and private landlords who do not intend to live in the purchased property.

Purchasing a Buy-to-Let property

Letting a property to tenants could return respectable financial rewards over the longer term, but it's important to properly consider both the risks and rewards involved.

Working with a Buy-to-Let mortgage broker

A number of buy-to-let mortgage lenders are only available through an intermediary. The world of buy-to-let mortgages is a little more complicated than it is for ordinary residential lending, so speaking to one of our qualified buy-to-let mortgage advisers first is always a sensible choice.

Limited company Buy-to-Let mortgage advice

As a limited company, it is possible for landlords to avoid losing out on tax relief.

While limited companies have their own pros, cons and costs to weigh up, many individuals working with property are now choosing to change their approach and register in this way.

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Over

BUY-TO-LET LENDERS

Having access to a huge pool of lenders means our buy-to-lets client don’t miss out on securing the best deal.

Over

£350m

WORTH OF LENDING

Buy-to-Let lending is one of our specialities at Visionary Finance. We are passionate about working with investors.

Recent Reviews

Read some of our latest reviews from our Buy-to-Let clients.

Despite a challenging process on our mortgage application, it was indeed a success in the end. Thank you so much to the Visionary Finance Team. Our administrator was very proactive in chasing and monitoring the progress of the application. Well done, we truly appreciate your help and service throughout the process. We will definitely recommend and use VF for our future transactions.
This was my third mortgage with Visionary Finance. It was a tough case but my broker has been extremely professional, with really good customer service. My adviser has been super helpful and available even outside of hours. She was very communicative and supportive and managed to get us a rate we were happy with. Definitely recommend these people!
Leonell G
Had a really good experience with Visionary Finance. They helped me get a mortgage and the whole process was seamless. Great communication from the team. Will definitely use them again for our future purchases. Thank you Visionary Finance for making it so easy and stress-free!
Annie Harrison
This is our third time using Visionary Finance, and each time they have been able to find us excellent mortgages despite complicated income circumstances. Excellent communicators, patient, thorough and above all friendly! Would not hesitate to recommend.
Kate Wainstein
Visionary Finance has gone one step further to ensure all of my requirements are met. My dedicated mortgage broker makes herself 100% available, even outside of normal office hours and has provided the ultimate support and advice. She helped me complete the impossible, forcing through two rental mortgage offers with a mortgage company unwilling to provide offers without EWS1 forms. She also provided help and support in moving my residential mortgage over to a new lender. I'll be coming back to Visionary Finance for my next project!!!! 5*
Jason D'Mello
Visionary Finance has been a mammoth help in securing me some very complex buy-to-let cases that require specialist lenders. The responses from VF have been instant and updates have always been impeccable throughout the whole process. I highly recommend Visionary Finance, to say they have been champions at their job is an understatement. Thank you!

This was my third mortgage with Visionary Finance. It was a tough case but my broker has been extremely professional, with really good customer service. My adviser has been super helpful and available even outside of hours. She was very communicative and supportive and managed to get us a rate we were happy with. Definitely recommend these people!

Despite a challenging process on our mortgage application, it was indeed a success in the end. Thank you so much to the Visionary Finance Team. Our administrator was very proactive in chasing and monitoring the progress of the application. Well done, we truly appreciate your help and service throughout the process. We will definitely recommend and use VF for our future transactions.

Had a really good experience with Visionary Finance. They helped me get a mortgage and the whole process was seamless. Great communication from the team. I will definitely use them again for our future purchases.

Thank you Visionary Finance for making it so easy and stress-free!

Will I Need A Large Deposit For A Buy-To-Let?

If you are looking to get a mortgage for your buy-to-let property the amount required as a deposit will depend on a number of factors. These factors include the rent you are likely to achieve on the property, if you are purchasing in a personal name or limited company, the value or the property and the type of rate you are looking to go for, for example, a fixed or tracker.

A general rule of thumb for the current market is that for a buy-to-let mortgage, you need to put down a minimum deposit of at least 25% of the value of the property. So, for example, if the property is worth £100,000, your deposit will need to be at least £25,000. Additionally, the higher the deposit you put down, the more lending options you will have and be able to secure a more competitive rate of interest. A deposit of 40% of the value of the property will help to secure you with the best rates in the market place.

With their being thousands of mortgage BTL products in the market place reaching out to a specialist mortgage broker can help you to find the right deal which meets with your investment objective.

Do I Need A Good Credit Score?

If you are looking to get any kind of mortgage, a good credit score usually helps. It strengthens your application and opens up the possibility of getting a variety of lenders and mortgage products at competitive rates. This ensures that you are not paying a rate of interest higher than what you could get otherwise if you sought independent mortgage advice. This could mean the difference between you making a good investment return or simply covering your costs.

But if you don’t have a good credit score, don’t worry! There are many lenders in the market who can lend to clients who have credit blips. If you work closely with our buy-to-let mortgage brokers, they can help you find options that are best suited to your individual profile.

We have access to a variety of mortgage products from many specialist buy-to-let mortgage lenders. That is why we can place you with lenders who either don’t put a lot of weight on the credit score in a buy-to-let mortgage application or lenders who don’t even consider the credit score.

So, even if you have a below-average credit score, you can relax! We will thoroughly assess your application and help you find a good product with competitive rates by highlighting the strengths of your application to lenders.

How To Find The Best Buy-To-Let Mortgages

If you are looking for a buy-to-let mortgage, don’t make the common mistake of only focusing on the interest rates. Some buyers usually get mortgage products that offer the cheapest interest rates. But they don’t take into consideration the added cost of other fees and charges. Sometimes, you may get a mortgage product that might have a lower interest rate but ends up costing you more.

Whenever you are getting a mortgage product, there are three things that you have to consider:

Introductory rate, mortgage rate and fees. For example, a mortgage product with a 6% rate and a 2% product fee could be costlier than a product with a 6.5% rate and £250 fee.

The best way to analyse the overall cost of a mortgage is to compare the Annual Percentage Rate of Charge (APRC). This will allow you to look at all the involved costs for the entire duration of your mortgage term.

If you are still confused about these financials and the various ways to analyse them, don’t worry! You can take the assistance of our expert BTL mortgage brokers to find the attractive mortgage products, who will account for every cent that you have to spend.

Can I Get A Buy-To-Let Mortgage On Any Property In Any Condition?

To answer simply, no. Not every property qualifies for a buy-to-let mortgage. The property must comply with a number of criteria in order to apply for a buy-to-let mortgage.

For example, if a property has significant issues with its structural integrity, lenders would not provide a BTL mortgage on that after conducting a mortgage survey. Similarly, if the property you are looking to buy does not have a functional kitchen or bathroom, it would be considered uninhabitable and wouldn’t qualify for a BTL mortgage by many lenders. In such cases, you might have to go for a bridge-to-let mortgage option. That is a financing option which works as a bridging loan, especially for BTL properties.

Other cases where buy-to-let mortgage providers in UK might not approve your application is if you are looking to buy a holiday home. In such a case, you have to apply for a holiday-let mortgage.

Even if you are buying a property to let to a family member, you can’t avail yourself of the standard buy-to-let mortgage options. You will have to apply for a regulated buy-to-let mortgage.

Basically, depending on the type of property, BTL mortgages may not be available. But, our expert brokers can surely help you find other financing options at competitive rates.

I’m Not A Homeowner, Can I Still Get A Buy-To-Let Mortgage?

Even if you aren’t a homeowner, however are looking get yourself onto the property ladder by buying an investment property, you might still be eligible for a buy-to-let mortgage. There are many reasons why people may look to do this - perhaps you can’t find suitable properties in the areas you want to live in or maybe you aren’t sure about committing to a home for yourself right now. But, you are keen on getting onto the housing ladder and to earn income from property given how strong the current BTL mortgage market is.

The issue here is that not a lot of buy-to-let mortgage lenders are open to the idea of giving a mortgage to first-time buyers. Even the ones who are willing to give first-time buyers a mortgage have a very stringent process and provide very limited mortgage products for such buyers. This is because first-time buyers pose a bigger risk for lenders. Due to this reason, lenders usually demand a high deposit and charge higher interest or fees from first-time buyers.

But don’t let all this information discourage you. Given our spread of lender we have access to lenders who can lend in these set of circumstances. In such cases, it is best to employ the help of experienced buy-to-let mortgage brokers so that you can achieve your objective.

Is There A Maximum Of Buy-To-Let Mortgages I Can Have?

Technically speaking, there is no maximum per se when it comes to buy-to-let mortgages. However, lenders do have a maximum exposure limit which means you can only have a certain amount of lending with that particular lender. The exposure limit lenders have vary from their risk appetite but, once again, given the reach of the lenders we have access to we will be confident to find you a solution no matter how many properties you have in the background.

If you are looking to get multiple buy-to-let mortgages, it is always suggested that you do your research and pick lenders who have favorable lending policies for professional landlords. In case this seems confusing to you, you can always reach out to our brokers for assistance. We will understand your requirements and find you a lender who is more likely to accept your application. No matter what kind of mortgage you are looking for we have the expertise and the experience to navigate through any complex requirement.

Resources for Buy-to-Let Mortgages

Our free resources for buy-to-let investors and landlords will provide you with relevant information regarding the mortgage process.

Buy-to-Let Mortgage Case Study

We've worked with first time buyers for over 15 years. Read our success stories.

Our clients were a married couple, buying their first home together. It needed to be situated within a certain catchment area for secondary schools for their children.

Bridging Loans Explained

Bridging loans are often used by property investors who need lending quickly.

Bridge loans are typically used for purchasing a property or land with planning permission. The difference in these purchases is that speed is of the essence. Hence the short-term loan to maximize funds.

Free Mortgage Guides for UK Mortgages

Learn more about the UK mortgage market and processes with our free online guides.

Our online guides will give you relevant information about the UK mortgage market and process. If you cannot find what you're looking for, speak to one of our advisers.

Remortgaging a Buy-to-Let property

The benefits of remortgaging a Buy-to-Let property

It’s advisable business practice for landlords to review their financials to ensure they are getting the best rate on their buy-to-let mortgage. Read more from our team of mortgage advisers by clicking the button below.