With access to 155+ mortgage lenders and the experts at Connect, you will find the right Buy to Let mortgage to suit your needs. Whether it’s a simple residential or a complex commercial case, financing that new investment has never been easier!
About Buy-to-Let Mortgages
UK investment mortgages have been designed specifically to help finance the purchase of a property you wish to let out, rather than live in yourself. Buy to Let mortgages are assessed on the rental income the property can produce, instead of how much personal income you have. A lender will typically expect the rental income to be 25-45% more than the monthly mortgage payments, on an interest-only basis for it to pass the affordability test.
Due to affordability rules introduced in 2017, most lenders also need to make an assumption that the initial interest rate will rise when calculating affordability. As the calculation varies from lender to lender, we may still be able to assist with the loan size you require even where the calculation from some lenders is too restrictive.
The First Time Landlord
If you are a first-time Buy to Let investor, we can provide you with all you need to know about the range of mortgages available. Our free guide helps you to understand how a Buy-to-Let mortgage works and our experienced advisers will take the time to coach you on the lending options available specifically to you.
You may become a landlord by ‘accident’ as you wish to move home but cannot sell your current property. We have lenders who are happy to consider this scenario and help you to raise the deposit for your new residential property.
Alternatively, if you have chosen for business purposes to purchase a Buy to Let you may be looking to raise the initial deposit from your own residential home. Contact a Connect Buy to Let Adviser to help guide you on the most cost-efficient way to ensure that these funds are there when you are ready to invest.
The Experienced Investor
If you already have a sizeable portfolio or are looking to expand, Contact a Connect Mortgage Expert who will work with you as your financial partner. We will take time to discuss and understand your strategy whether you wish to invest for income, capital growth, or both. Our knowledge and expertise will become your resource to help you finance more complex property investments, such as HMO properties, refurbishments and conversions, developments, auction property, commercial and semi-commercial property, multiple flats on one title and also more specialised purchase structures including Limited Companies, Offshore Companies and Trusts.
New rules were imposed on lenders by their regulator in September 2017. These rules require lenders to apply specialist underwriting to applications from portfolio landlords, defined as those who have more than 4 mortgaged Buy to Let properties. See our Portfolio Landlord section here for more information.
The Refurbishment Investor
Some investors have a clearly defined strategy of purchasing a property in need of renovation, to create immediate added capital value. If your strategy is to sell the property to take the profits, Connect Mortgages can help with a wide range of short term funding solutions, to fund the initial purchase and in some cases up to 100% of the costs of the works. If your strategy is to keep the property to let it out, our experienced advisers will be able to guide you to lenders that will enable you to refinance to the full increased open market value of the property, at the earliest opportunity, releasing funds to help investment in the next property.