Fee-Free Buy To Let Mortgage Advice

Mortgage Advice For Your Property Investments

Looking to invest in property? If you are contemplating becoming a landlord or currently own a secondary property that you wish to rent out to generate additional income, it is likely that you will require a Buy To Let (BTL) mortgage. Maximise your property investment potential with our expert advice.

Arrange a FREE consultation

woman researching buy to let mortgage on laptop

Helping you with your property investments

Whether you are looking to become a landlord for the first time or you are a long term property investor, renting out a property can provide many benefits:

Increase your income
Good long-term investment
Capital appreciation
High demand for rental properties

Speak to a Buy to Let Mortgage Adviser

Unlock your financial freedom today with our fee-free, impartial advice. Start building your property portfolio today.

Request a Free Callback

Let us explain

What is a Buy To Let Mortgage?

A BTL mortgage allows you to buy a property to rent out. Most of these mortgages are interest only so you won't pay the full capital amount until the end of the product term.

Get in Touch

Let us explain

What to Consider With a BTL Mortgage?

You need to consider the tax implications, rental income and loan term. The amount of rental income you receive will impact how much tax you pay and there may be times when your property does not have any tenants. You also need to assess how long you require the initial loan agreement to last.

Get in Touch

Let us explain

Why Choose Boon Brokers?

We understand buying a property is a big investment which is why we do all the hardwork for you, from finding the best mortgage deal to sorting all the paperwork. Our expert advisers will help every step of the way and won't charge you a single penny.

Get in Touch

Step One

Book a free consultation by completing our Request a Callback form or email us.

Step Two

One of our friendly advisers will contact you to learn more about your situation.

Step Three

Relax while we find you the best mortgage and begin your landlord journey.

View Full Process

How much deposit is needed for a BTL mortgage?

A minimum deposit of 20% of the purchase price is required. However, you will typically require at least a 25% deposit to access competitive interest rates to make the investment viable.

Do I need a salary for a BTL mortgage?

Not necessarily. There are a number of mortgage lenders that have a No Minimum Income policy. This means that an applicant with no income may still be able to acquire a BTL mortgage offer if the monthly rental yield assessment of the property is suitable for the lender.

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.

What is the difference between a buy to let and residential mortgage?

There are many differences. Landlords typically apply for interest-only buy to let mortgages to maximise their profit margin and cash flow. Whereas, residential mortgages are often taken on a repayment (capital and interest) basis to ensure that the mortgage is redeemed at the end of the overall term. The way buy to let and residential mortgages are calculated is also different. With buy to let mortgages, lenders will largely base affordability on the monthly rental assessment for the property. With residential mortgages, affordability will be based on many factors such as the applicant’s income, financial commitments, adverse credit position and loan term.

How many Buy To Let mortgages can I have?

Mortgage lenders typically allow applicants to have a maximum of 10 Buy to Let mortgages in their portfolio but there are a few exceptions that allow more. This criteria may also be different if the Buy to Let mortgages are acquired through a Limited Company instead of on a personal basis.

What fees will I need to pay?

If you use Boon Brokers for mortgage advice, you will not be charged a broker fee at any stage of the transaction. This is quite unusual in the broking industry - an average mortgage broker fee is between £300.00 - £500.00 according to the Money Helper Service. With Boon Brokers you will make a significant saving straight away. On top of a broker fee, Buy to Let mortgage lenders may charge a booking fee. This is likely to be between £999 - £2,000 depending on the selected mortgage product. Lastly, a valuation fee of up to £500 may be payable at application stage too.

How can I get the best mortgage deal?

We Have Whole-Of-Market Access

We make the mortgage process as easy as possible and will take care of all the paperwork for you. We will search the whole market to make sure you get the very best deal for your specific needs.

Get In Touch