Buy-to-let mortgages

Buy-to-let mortgages are designed to help landlords buy property to rent out privately.

Most will require a deposit of at least 25% of the property's value, and will insist that the rent you get for the property is equivalent to at least 120% of the mortgage payment you owe the lender each month. Some will also ask that you as a landlord have another stream of income, rather than relying on your tenants' rent.

There are over 50 lenders offering buy-to-let mortgages in the UK, mostly available via professional advisers. The rates charged are higher than those offered on residential mortgages, but not hugely so. Fees, however, can be hefty.

If you would like to speak to an adviser about arranging a buy-to-let mortgage, click here. or visit our calculators to find out how much a buy-to-let mortgage would cost you.

buy to let mortgage

Buy-to-let gone bad: five hallmarks of a bad landlord

More than half of tenants have had a problem with their landlord or letting agent in the last five years. Here are the most common ways that buy-to-let goes bad.

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Trade body unveils buy-to-let code of conduct

The Council of Mortgage Lenders (CML) has revealed a statement of practice for buy-to-let lending in response to an EU Directive.

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Tenants wait average of 31 days for household problem fixes

Almost a third of renters said waiting for household appliances to be fixed remains the biggest rental problem, with people waiting over a month for landlords to attend to boilers, heating or electricity glitches.

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HMRC launches crackdown on property tax dodgers

A taskforce tackling people trying to dodge property tax in the north west and north Wales has been launched by HM Revenue and Customs (HMRC).

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Virgin Money cuts buy-to-let rates

Virgin Money has ramped up its bid to become a competitive player in the buy-to-let market by cutting rates across its fixed rate and tracker mortgages up to 0.80%.

Empty pockets

Landlords lose out over lack of advice

Buy-to-let landlords are failing to realise the maximum return from their property investments by not seeking advice or carrying out research ahead of their purchases.

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Buy-to-let remains profitable

Buy-to-let landlords continue to enjoy strong profitability thanks to rising property prices, figures from The Model Works have shown.

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RBS introduces cap on buy to let mortgages

The Royal Bank of Scotland has introduced a 4.99 times loan-to-income cap per application for all buy-to-let business.

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Overseas property market gets hotter

Strengthened sterling gives UK investors more bang for their buck.

HM Revenue and Customs

HMRC raids 500 landlords

Property searches by HM Revenue & Customs (HMRC) to target tax evasion has jumped by 12% to 500 in the last year.

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Rents up 0.6% in May

Average rents in England and Wales increased by 0.6% in May and now stand at £745 per month.

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Rental returns go through the roof

Investment returns on rental properties have rocketed to 12.2% a year thanks to surging rents and rising property values.

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Demand for rental property outstrips supply

There were more tenants seeking homes in Q2 than rental property available, according to 59% of landlords.

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Rules banning short-term London lets to end

Communities secretary Eric Pickles is to withdraw rules which prevent the short-term renting of private homes in London.

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Buy to let landlords look locally

Local knowledge is key for property investors, as 86% of buy-to-let landlords seek to buy in areas they know well.

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