Looking to expand your property portfolio?

A buy-to-let mortgage is a mortgage for a property you’re renting to someone else, rather than living in yourself. If you rent out your property, you’re a landlord. As a landlord, you can start charging rent to cover your mortgage repayments and the costs of maintaining your property.

Buy to let – your questions answered

What kind of landlord are you?

The type of buy-to-let mortgage you get depends on how you became a landlord.

If you bought a property with the intention to let it out, your mortgage is classed as a business loan, not regulated by the Financial Conduct Authority (FCA). That’s because you’re seen as a professional who needs less protection.

Generally speaking, there are two types of landlord:

Portfolio landlord – this means you own 4 or more properties. If you wanted to buy more, you might find your choice of mortgages more restricted, as to lenders more properties means more risk.

Accidental landlord – this means you decided to let out your property as a result of circumstance rather than design. For example, you’re moving in with a partner, or you have to relocate for work, or you’ve just inherited a property. Your mortgage application will be protected by the FCA and controlled by the same rules as a standard mortgage.

Limited Company Buy To Let – It could be more attractive from a tax perspective to invest in a limited company ‘Buy To Let’ rather than a personal one. Speaking to your accountant or tax specialist on your individual circumstances is always advised first.

If you want to rent out a home you already own, and at the same time buy another home to live in yourself, then let-to-buy is for you.

Let-to-buy is a way to apply for two types of mortgages at the same time: Firstly, a buy-to-let remortgage for the property you’re moving out of and intend to let out secondly a standard residential mortgage for your new home

Finding two good deals at the same time that are both right for you and work together might be a challenge if you go it alone. That’s where we can help. We’ll help you make sense of let-to-buy and ensure that you get the best deal possible.

There’s a lot to think about when it comes to buy-to-let mortgages, and it’s important to ensure you get the right one for you in order to boost your profits. That’s where we at Blackledge Mortgages can help.

First things first, it’s important to establish what your needs are as your circumstances will dictate the best mortgage deal for you.

We offer professional, unbiased advice to ensure you to getting the right buy-to-let mortgage is as smooth as possible. We can guide you through the entire process from your first credit check through to the moment you put your house up to let.

Our Clients Say

“From our first meeting with Katie we knew we had made the right decision to come to her directly. She helped us to realise that anyone can get a mortgage if you look in the right places and have the right support. We began the process immediately and within 3 months of our first meeting we were picking up the keys to our first home.”

“We will be forever grateful for the help and support that we received from Katie and cannot recommend her enough to anyone looking for mortgage services in the future.”

Our Core Values

We pride ourselves on giving the very best advice to help our clients achieve their dreams. Our approach is not ‘one size fits all’, we really do work around your individual circumstances to get the best possible outcomes.

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