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Types of Buy to Let Mortgages Available

Personal

Anyone (subject to the usual mortgage application status requirements) can apply for a buy to let mortgage. It doesn't matter if you have a residential mortgage, even if it is maxed out on all your available income. These mortgages are assessed on you, but the actual affordability is based on a stress test to see if it is self financing. In simple terms, this test calculates whether the rent is sufficient to cover the interest only mortgage payment with a suitable buffer or spare income. 

Normally, a buy to let mortgage lender will require a larger deposit than a personal home mortgage. This will be in the region of 25% of the value or purchase price, whichever is the lower. Though as always, there are a few exceptions where a slightly lower deposit is possible.

These mortgages can be in just one applicant's name or multiple names (subject to the lenders maximum). You can share such a mortgage with anyone subject to their status. This is useful if you intend to buy a property as a joint investment venture with someone else.

You can have more than one Buy to Let mortgage. Indeed there is no restriction, though some lenders do limit the number you have with them. You can mix and match such mortgages with different applicants. 

You can build property investment portfolios in you own name or you may consider setting up a limited company to own the property. Please see more on this below.

At Lloyd Vine we offer the complete service. If you are new to Buy to Let, you can request a consultation to fully discuss every aspect of this type of investment. It is an ideal opportunity to learn all about this and will ensure you set off on the right course. Please call us on 02380601601

Limited Company Buy to Let

You should definitely consider setting up a limited company to own your investment property, especially if you are building a portfolio or are a higher rate tax payer. Please look at are dedicated page here.
​

Portfolio Landlords - Having Four or More Properties

It is best to plan well ahead if you intend to build an investment property portfolio. With the prevailing rules and regulations, we favour you using a limited company. The mortgage application process for those of you who already have four or more properties has recently been made more stringent. We have more details on this here.

ExPat Buy to Let & Residential Mortgages

Would you like to keep a hold in the UK property market? Or maybe looking for an opportunity to diversify your investment portfolio? We provide our Expat customers with a full service helping you to apply for a buy to let mortgage to invest in properties in the UK. Everything can be accomplished remotely.
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    Buy to Let Enquiry Form

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Lloyd Vine Limited. Independent Financial Advisers & Mortgage Brokers. Authorised and regulated by the Financial Conduct Authority. 832055.
Copyright All Rights Reserved © 2019 Lloyd Vine Limited. Company Number: 11783591


Normal Hours

Mon - Fri : 9am - 5pm

Telephone

023 80601601

Email

info@lloydvine.co.uk

About Us


  • Home
  • Insurance
    • Business Protection >
      • Key Person Insurance
      • Shareholder Protection
    • Employee Benefits >
      • Group Income Protection
      • Group Life
      • Group Private Medical
      • Relevant Life Cover
    • Personal Protection >
      • Critical Illness Cover
      • Income Protection
      • Life Assurance
  • Investment
    • Pension & Retirement >
      • Auto Enrolment
      • Company Pensions
      • Flexi-Drawdown Pension
      • Group Personal Pension
      • Pension Annuity
      • Personal Pension
      • Self-Invested Personal Pension
    • Savings & Investments >
      • Investment Bonds
      • Investing For Children
      • ISA (individual Savings Account)
      • Lifetime ISA
  • Mortgages
    • Your Home Mortgage >
      • Introduction
      • Property Surveys
      • Mortgage Consultation
    • Buy To Let >
      • Buy to Let Types
      • Portfolio Landlords
    • Commercial Mortgages >
      • Commercial Mortgages
      • Limited Company Buy to Let
    • Holiday Home Finance
    • Let to Buy
    • Second Home
    • Self Build
    • Mortgage Calculator
  • Contact Us
  • News
  • Documents