Butler Insurance & Mortgage Services

Buy To Let

A Buy To Let mortgage is an arrangement where someone borrows money to purchase a property, in order to let it out to tenants. 

Your home may be repossessed if you do not keep up repayments on your mortgage.

What is the difference in a Buy To Let mortgage and a regular mortgage?
  • A larger deposit will be required, typically 25%.
  • Interest rates are usually higher with a Buy To Let mortgage.
  • Rental income must be enough to cover the mortgage interest payments and some costs. You will usually need a monthly rental income of at least 125-145% of the mortgage payment.
  • Fees on some Buy to Let mortgage can be higher than a Residential mortgage.
  • Most lenders won’t offer a buy to let mortgage to a first time buyer, however this is not always the case.

If you are considering purchasing a Buy To Let property give us a call and we can discuss your options with you!

The Financial Conduct Authority do not regulate Buy To Let mortgages.

Let To Buy


If you have outgrown your home, you may wish to purchase a second home and let your first home out. This is where a Let to Buy mortgage is required. With this type of mortgage, you can keep your existing home as a rental property and buy a new one for your family to live in. 

Contact us if you would like to find out more about a Let To Buy mortgage!

Butler Insurance & Mortgage Services