Buy To Let Mortgage | Fee-Free Advice

What Is a Buy-to-Let Mortgage?

A buy-to-let mortgage is a property investment that allows you to purchase a property for the sole purpose to rent out, generating income and potential long-term investment growth. At Boon Brokers, we provide fee-free mortgage advice and access to the whole market, helping you secure the right mortgage for your investment goals. From finding and comparing deals to managing your application from start to finish, we will help you start your investment on the right foot.

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Submit an enquiry and await contact from one of our expert fee-free brokers.

Expert Advice

Your broker will listen to your buy to let requirements and provide a proposal.

Mortgage Offer

Your broker will submit your application and await your mortgage offer.

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How Much Deposit Do I Need for a Buy-to-Let Mortgage?

A minimum deposit for a buy-to-let mortgage is usually 20% of the property price. However, this can change depending on your chosen lender, with specialist lenders sometimes offering unique mortgage deals. To access more competitive interest rates and to help make the investment increasingly financially beneficial, most lenders prefer a 25% deposit or more. Working with a trusted mortgage broker - like Boon Brokers - can help you explore all of your buy-to-let options, matching you with the mortgage that suits your investment goals.

Do I Need a Salary for a Buy-to-Let Mortgage?

Not necessarily. Some lenders have a No Minimum Income policy, meaning applicants with little or no salary may still qualify if the rental income from the property meets the lender’s affordability criteria. Our expert mortgage advisers will search the whole market to find a lender that matches your needs.

Is It Worth Buying a Property to Rent Out?

Buying to let can be a great financial investment, providing a steady rental income and even benefitting from capital growth. For more information read our blog about whether Buy To Let is a good investment. Yes, buy-to-let properties can be a strong financial investment, providing steady rental income and potential capital growth. The success of your investment depends on property location, rental yield, and market conditions. For more guidance, read our blog on whether buy-to-let is a good investment.

What Is the Difference Between a Buy-to-Let and a Residential Mortgage?

Buy-to-let mortgages are typically interest-only, designed to maximise cash flow and profit, with affordability assessed against rental income. On the other hand, residential mortgages are usually repayment-based, with affordability assessed on income, outgoings, credit, and loan term. The calculations and requirements differ significantly between the two types.

How Many Buy-to-Let Mortgages Can I Have?

Most lenders allow a maximum of 10 buy-to-let mortgages per applicant, though some exceptions exist. This limit may vary if mortgages are held through a Limited Company rather than personally.

What Fees Will I Need to Pay for a Buy-to-Let Mortgage?

The total fees you will need to pay for a buy-to-let mortgage will vary depending on a range of factors, including: your chosen lender and mortgage product, valuation fees, legal fees, and product fees. At Boon Brokers, our mortgage advice is completely fee-free, so you won't need to pay a penny for expert guidance and a dedicated guide throughout your mortgage process.