Whether you have exceptional credit, face credit obstacles or fall somewhere in the middle, our buy-to-let mortgage application is designed to suit everyone. With Loan Corp, our application form is uniform for all. By adopting a straightforward process, we promise a seamless mortgage application.
Overview
What is a Buy-to-Let Mortgage?
A buy-to-let mortgage (BTL) is for those who are looking to buy a property as an investment, with the sole purpose of renting it out rather than living in it.
Buy-to-let mortgages are common in the UK, and here at Loan Corp, we aim to make them super easy to get.
We have built innovative tech into our mortgage application processes for buy-to-let lending requirements, with a seamless journey from start to finish. Use our buy-to-let mortgage calculator to determine how much you would be eligible to borrow.
What we do?
We Make The Buy-to-Let Application Process Seamless
Access a huge panel of top lenders in the UK that can provide a range of buy-to-let mortgage options. From remortgaging buy-to-lets to first-time buyer buy-to-let mortgages, we are dedicated to providing you with expert advice, ensuring you end up with the right mortgage for your needs.
Dive into our guides to determine if you meet the criteria for a buy-to-let property and the insurance policies you should consider. Contact us today to start your BTL mortgage application process, and we will ensure a seamless broker service for you.
We're the real deal
Our Buy-to-Let Mortgage Guarantee
At Loan Corp, our mortgage providers are dedicated to offering a range of property financing options for both domestic and commercial properties. Our buy-to-let mortgage loans are designed to help you improve your financial situation by kickstarting your property investment journey.
Once you submit your application, our accredited lenders will grant approval within 24 hours. We strive to take the hassle out of the process and keep you informed throughout the process with our customer portal access.
So, what are you waiting for? Submit your BTL mortgage application today to get the ball rolling!
Buy-to-Let Mortgage FAQs
To secure a buy-to-let mortgage, most lenders will require you to put down a minimum of 25% deposit. This equates to 25% of the property purchase price.
For a buy-to-let mortgage, you must secure a loan with a loan-to-value ratio (LTV) of at least 75%, meaning you will need to put down a 25% deposit. The amount you can borrow is usually based on the monthly rental income you are likely to receive. Ideally, your rental income should cover 125% of your mortgage repayments.
BTL mortgages work very similarly to a standard mortgage but with a few key differences:
- The fees and interest rates tend to be much higher
- The minimum deposit is 25% of a property’s value
- Most BTLs are interest-only mortgage, meaning the interest is paid each month, but the capital is not. At the end of the mortgage term, the original loan must be repaid in full. BTLs are also available for repayment.
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