Buy to Let Mortgages.

Offering bespoke mortgage advice to help you with your buy-to-let mortgage needs, available to first time buyers, those who are self-employed, employed and retired.

Available for a range of budgets and incomes.

Unlike what you may have been told, buy to let mortgages are available to those with small incomes, so it is always worth having a discussion to see if this may be an option for you.

​Buy to let mortgages are generally based upon the rental income the property will generate, which is another reason why our property sourcing service can come into good use. Once a property is sourced the process is as follows:


Repayment Type

We look at the stress testing the lenders do, to match you with the right mortgage. You will have the option to take out a repayment mortgage or an interest only mortgage.


When measuring affordability for buy-to-let mortgages, lenders stress test applications against mortgage rates rising to guard against unexpected rises in costs for landlords. This is done by using the suggested rental income.



Rental Calculation

This is calculated by multiplying the loan amount by the stress rate, then again by the taxpayer rate – to give you the rental needed.

Deposit and Income

To get a BTL property, you must be able to provide a minimum 20% deposit for your new purchase. You must also have an income that can support your additional mortgage if a tenant is unable to pay.


Your property may be repossessed if you do not keep up repayments on your mortgage. Not all Buy to Let Mortgages are regulated by The Financial Conduct Authority.

Buy to Let Mortgage First Time Buyer

Buy to Let Mortgage First Time Buyer's and the Self Employed

Wanting to venture into the Buy to Let market as a first-time buyer or if you’re self employed? Navigating these crossroads can present unique challenges and rewards.

Buy to Let Mortgage First Time Buyer and Self Employed options are tailored for newcomers eager to generate rental income from their initial property investment.

Mortgage for a Holiday Let

A holiday let mortgage can provide you with finance to fund the purchase of a holiday home or to re-mortgage, renovate or develop an existing holiday property. Holiday rentals can be a great investment opportunity, especially if the holiday home, though predominantly used by tourists, could also be enjoyed by you and your family.

Holiday let mortgages are different to buy-to-let or residential mortgages and, therefore, come with extra checks and a lower loan-to-value ratio.

The required deposit is likely to be between 25-40%, and the nearer to the top end you can afford, the better holiday let mortgage deal you will secure.

Special Purpose Vehicle Mortgages

A company set up solely for the purpose of buying, selling and letting of property.

SPV mortgages are advantageous due to the tax relief that is available to SPV landlords. If you were to purchase a buy-to-let property in your own name, you would be charged personal income tax on your rental income instead of corporation tax.

If you are a higher rate personal tax rate payer, with an SPV mortgage, there is the option to take 100% of your mortgage interest and associated expenses from the taxable income. Hence another great benefit of using an SPV limited company mortgage to purchase the property.

The buy-to-let market has been affected by the government’s recent tax relief restrictions so many landlords are looking to SPV limited company mortgages as a potentially more profitable method to purchase property.

SPV mortgage lenders will focus on the directors of the limited company and will use their income for the SPV mortgage underwriting criteria.

House of Multiple Occupation Mortgages

Otherwise known as HMOs, House of Multiple Occupation is a type of accommodation that is becoming increasingly popular amongst landlords, as they often benefit from a higher rental yield.

Its popularity is also growing with tenants as it allows them to have some personal space but can be much cheaper than renting a whole property. Tenants in an HMO are not considered to be of the same household and are charged individually for their rent.

An HMO is typical amongst students and other separate groups of tenants, often called a house share. A household is generally considered to be tenants who are related or connected through relationships and do not pay for rent individually.

A standard buy-to-let mortgage will not allow you to rent individual rooms out on the contract; therefore, you will need a specific HMO mortgage.

You may also need an HMO license if you are purchasing a large property or if there are shared facilities. To find out, you will need to check with the local council.

Lenders may require some landlord experience. To be sure of what you can and cannot do, speak to us so we can base our advice on your individual circumstances.

Get in touch to find out what we can do for you.

Mortgage Advisor Peterborough

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