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Buy to Let Mortgage Specialists

A Buy to Let mortgage, also known as a BTL mortgage, is a home loan that allows investors to purchase an investment property to be rented out. Standard residential mortgages typically cannot be used to purchase property with the aim of then listing the property on the rental market. Instead, you’ll need a suitable BTL mortgage.

To make the most of your investment and maximise rental returns, it’s important that you secure the most favourable BTL mortgage for your exact circumstances. Taylor James’s BTL mortgage advisers can help new and seasoned property investors identify and secure the most advantageous BTL mortgage deals. Speak to a BTL mortgage broker now for more information.

Who is a BTL mortgage suitable for?

A Buy to Let mortgage is used by prospective property buyers who plan on renting the property to tenants after making the purchase. They’re used by new property investors purchasing their first BTL property, as well as experienced property investors who already have a portfolio of investment properties.

Some BTL mortgages are aimed towards investors wanting to buy just one property, whereas others may be used to provide finance for multiple investment properties. The different options are best discussed with a BTL mortgage adviser.

Image showing the side of a building with a sign saying "Now Renting"

Key considerations for a BTL mortgage

To qualify for a BTL mortgage, you’ll need to provide accurate information regarding your income and existing debts, including existing mortgages. This is to prove you can afford the new BTL mortgage, as calculated by the BTL mortgage lender using “stress tests”. Your credit score and credit history will also be assessed by the loan provider to ensure you’re likely to repay.

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Key considerations for a BTL mortgage (continued)

The main difference between residential mortgage eligibility and BTL mortgage eligibility is the deposit requirement. In most cases, a residential mortgage requires the buyer to have at least a 20% mortgage deposit. BTL mortgage providers often require the buyer to have a deposit that is greater than 20% of the purchase price. This is because BTL mortgages are considered riskier by lenders, due to buyers relying on rental income from tenants who could miss rent payments.

Image showing colorful sticky notes on a table with houses drawn on them and the words "Buy To Let" written on one

Why use a BTL mortgage adviser?

Before you decide to invest in a rental property, it’s beneficial to speak with financial advisers who can assist you in assessing the strength and risks of an investment against current market conditions.

Taylor James’s BTL mortgage advisers use their industry experience to uncover potential rental yields of prospective properties and how returns can fluctuate when using different mortgage products, such as fixed-rate and variable-rate mortgages. They provide clarity on complex situations, which are often essential to avoid poor property investments.

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Schedule your BTL mortgage consultation!

A Buy to Let mortgage is used to help new and seasoned property investors purchase properties for the rental market. Residential mortgages cannot typically be used for this purpose. Due to increased risk, BTL mortgage lenders often demand larger deposits, exceeding 20% of the property price – but not exclusively.

Property can be a safe and profitable investment, but the returns and risks need to be carefully evaluated, which is best done with professional financial advice. Schedule your Taylor James BTL mortgage consultation now for personalised support.

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Call us today for a no obligation chat about planning your financial future.

Call: 0203 859 3320

Email: contact@taylorjamesfs.co.uk

Please note:

  • Your property 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.
I initially worked with Toby Keate from Taylor James 2 years ago when i bought my first property. I was a first time buyer and required a lot of help and support in making my decisions on my mortgage. I wanted to be prepared and spoke to 6 brokers before deciding to go with Toby but ultimately the decision was easy after a small interaction with each. He was fantastic at explaining things to me in simple terms that i could understand, he got me the best deal out of any friends and colleagues i spoke to at the time. Toby has then stayed in contact since, is always available for questions and support, 6 months before my fixed rate ran out he was in contact to get me set up for the best possible deal when that fixed term ended. Especially with the high rates and the stress that put on me this year he has actively looked at the market to get me the best possible deal and gone above and beyond resulting in me getting a fantastic deal. I have just remortgaged and everything moved very smoothly, with no issues. He gave me multiple options highlighting the benefits and drawbacks of each and really tailoring offers to fit my personal circumstances. Even once i had an offer in place which would have been good he contacted me further to say he had found something even better. This made me feel valued as a customer as he did not just forget about me once i had agreed to a deal. The proactive approach from him and his company has made me feel important as a customer and i cannot fault them. I haven’t had to worry about anything, and received unparalleled support and advice throughout!
Megan Goodwin

FAQs

What is mortgage advice?

Mortgage advice is provided by qualified financial advisers to help the client find and secure the most suitable loan to buy residential or investment property. The mortgage adviser will take into account the client’s individual circumstances to discuss mortgage options. The adviser will then search the mortgage market to identify real-time suitable options and make an application. Thus, mortgage advice usually includes mortgage brokering services to provide a holistic and convenient service from start to finish.

Are mortgage advisers worth it?

There are several benefits of using a mortgage adviser. A mortgage adviser can provide clarity to clients which should make the process of getting a mortgage more efficient and less stressful in some cases. They can also help people with unique situations find options when the client may have believed it impossible. Moreover, the mortgage adviser could ensure the client secures the most beneficial type of mortgage for their situation and preferences, perhaps avoiding costly mistakes. Some mortgage advisers can secure better rates and deals due to their connections.

Can Taylor James help people with bad credit?

Mortgage advisers can help people seeking a mortgage with bad credit in different ways. Our advisers can provide advice to clients on how to improve their credit rating and therefore improve their chances of getting accepted for a better mortgage deal. We can also search for lenders that are more willing to provide credit to applicants with a below-average credit history. Every situation is different and there are never any guarantees but we have helped people with bad credit to get a mortgage. Speak to our team to learn more.

Can Taylor James help people in unique situations?

Taylor James welcomes all clients to use our mortgage advice services, including those that may have unique situations. Whether you have multiple income streams or other complex issues regarding pay and employment, it’s unlikely that we won’t have seen your situation before. Our advisers can assist in finding the right lender swiftly, including support regarding providing evidence and other possible application process hurdles. Don’t put off seeking a mortgage due to a non-standard situation and speak to our team today.

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FAQs

What is mortgage advice?

Mortgage advice is provided by qualified financial advisers to help the client find and secure the most suitable loan to buy residential or investment property. The mortgage adviser will take into account the client’s individual circumstances to discuss mortgage options. The adviser will then search the mortgage market to identify real-time suitable options and make an application. Thus, mortgage advice usually includes mortgage brokering services to provide a holistic and convenient service from start to finish.

Are mortgage advisers worth it?

There are several benefits of using a mortgage adviser. A mortgage adviser can provide clarity to clients which should make the process of getting a mortgage more efficient and less stressful in some cases. They can also help people with unique situations find options when the client may have believed it impossible. Moreover, the mortgage adviser could ensure the client secures the most beneficial type of mortgage for their situation and preferences, perhaps avoiding costly mistakes. Some mortgage advisers can secure better rates and deals due to their connections.

Can Taylor James help people with bad credit?

Mortgage advisers can help people seeking a mortgage with bad credit in different ways. Our advisers can provide advice to clients on how to improve their credit rating and therefore improve their chances of getting accepted for a better mortgage deal. We can also search for lenders that are more willing to provide credit to applicants with a below-average credit history. Every situation is different and there are never any guarantees but we have helped people with bad credit to get a mortgage. Speak to our team to learn more.

Can Taylor James help people in unique situations?

Taylor James welcomes all clients to use our mortgage advice services, including those that may have unique situations. Whether you have multiple income streams or other complex issues regarding pay and employment, it’s unlikely that we won’t have seen your situation before. Our advisers can assist in finding the right lender swiftly, including support regarding providing evidence and other possible application process hurdles. Don’t put off seeking a mortgage due to a non-standard situation and speak to our team today.