Buy-to-let.
Secure your future and build long-term prosperity
keep your portfolio growing strong
If you’re considering investing in property, or have already done so, you’ll know that it goes beyond bricks and mortar. It’s your chance to build long-term wealth, create financial security and generate a steady income.
But we know that becoming a property investor or landlord comes with its challenges. There’s a lot to consider, from finding the right property to managing your finances. Having experts by your side can make all the difference, as you can rest assured that everything will be taken care of with care and attention. It all starts with securing the right buy-to-let mortgage.
Whether you are starting with one property or expanding your portfolio, we’ll help you make informed decisions.
expert advice
this is how we provide solutions to your problems
Investing in a buy-to-let property is exciting, but it can also feel like there’s a lot to manage. We’re here to make the process as smooth and stress-free as possible.
If it’s your first time investing in a property, we’ll tell you everything you need to know without overwhelming you. If you’ve been through the process before and have a portfolio of properties, then we’ll handle the complexities, so you can focus on growing your portfolio.
Searching the whole of market
Buy-to-let investors will have different needs than those looking for a standard mortgage. As whole of market mortgage advisers, we can search across the market to find the right deal and outline all the options available. With lenders offering different terms based on various factors, navigating the process can feel complex, but we will guide you through the maze and ensure you get a great rate!
Experience like no other
We’re experienced, qualified and brilliant at what we do, so you can have the confidence and reassurance that you are making the right decision and that your best interests are always at the heart of our work. Having done this for many years, we consider all costs involved, and we’ll walk you through your options, so you make a sound investment decision.
Saving you time and stress
Our caring and knowledgeable mortgage advisers will guide you through each step, helping you understand affordability and any potential risks. You’ll be pleased to hear that we’ll take on as much of the paperwork as we can and liaise with your mortgage lender to keep things moving, so you can focus on your role as a property investor.
frequently asked questions when buying a buy-to-let property
How much could I borrow on a buy-to-let mortgage?
With a residential mortgage, the amount you can borrow is based on your salary and outgoings. However, with a buy-to-let mortgage, the amount you can borrow is assessed on the rental income that the property is likely to generate. Lenders will typically need the rental income to be at least 125% of the monthly mortgage payments (on an interest-only basis). Most lenders will also require you to earn an income yourself.
How much of a deposit do I need?
As with any mortgage, the more you can put down as a deposit, the better the mortgage deal you can get. As a rule, though, you’ll need a deposit of at least 25% of the property’s value, although some lenders may accept a slightly lower deposit amount.
Do I need a tenancy agreement?
Generally, if you are a private landlord and renting a property that will be the home of the tenant, you’re likely to need Assured Shorthold Tenancy (AST). When applying for a buy-to-let mortgage, the lender will insist that you have an AST and may ask to see a copy.
You can find out more information about tenancy agreements on the GOV.UK website here.
Are there any properties that are difficult to secure a buy-to-let mortgage on?
The lender will want to ensure that the property they are lending against is a safe bet. While lenders will make a decision based on the specific property, its location and the condition it’s in, they will often have general restrictions on certain types of property. These can include: new build flats, ex-local authority high-rise flats, flats above commercial premises and holiday homes.
Can I buy a buy-to-let property as a first-time buyer?
A large percentage of lenders need you to own a residential property (possibly for at least six months) before they will offer you a buy-to-let mortgage. Other lenders just need you to own a property, so you could have another buy-to-let property but live in rented accommodation. If you are a complete first-time buyer (or do not currently own a property,) then your mortgage options will be limited.
What is a House in Multiple Occupation (HMO)?
If your property will be let to several tenants who aren’t members of the same family, it may be a “House in Multiple Occupation” (HMO). A property is classed as a HMO if at least three tenants live there, forming more than one household and if toilet, bathroom or kitchen facilities are shared. Depending on the property type and location, a HMO licence may be required. When getting a mortgage on a property classed as a HMO, the choice of lenders will be limited but an adviser will help.
Don’t just take our word for it.
Being first-time buyers, navigating through the world of mortgages felt daunting; however, after our initial chat with Joe, we were immediately put at ease, and it was clear we were in good hands. Joe worked tirelessly to ensure we got the outcome that suited our needs.
We chose Kind Wealth to assist us when looking for a mortgage, as they already advised us with our finances. The real value was in the weeks running up to exchange when our solicitor and mortgage adviser worked together to get responses from the lender in timescales that would have been challenging otherwise.
The service provided was brilliant and even when I needed advice urgently, Joe and Sarah dealt with this in an exceptional way. If you’re a first-time buyer looking for advice about life insurance or a fixed-rate mortgage, then I’d recommend Kind Wealth.
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Ready to take the next step?
We love meeting new people and learning about you. If you are interested in finding out more, please schedule an introductory meeting with us by clicking on the button below. We do not charge for an introductory meeting, and we can both use this meeting to assess whether we are the right fit for one another.
Please note:
Some Buy-to-let mortgages are not regulated by the Financial Conduct Authority.
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