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What is a buy to let mortgage?

A buy-to-let mortgage is a loan secured against a property purchased to rent out to tenants. Typically, affordability of the loan is based on a rental calculation.

How much can I typically borrow?

Currently finance is available for up to 85% of the value of the investment property, subject to lending criteria. Click here  to obtain a buy to let mortgage quote.

What types of buy to let mortgage interest rates available?

The types of buy to let mortgage interest rates available are similar to residential mortgages. There are fixed rates and variable tracker rates available; variable rates may track Bank of England Base Rate or London Inter-Bank Offered Rate (LIBOR).

What methods of repayment are available?

Customers can choose either interest only or capital repayment methods. Please note that all Buy-to-Let Direct quotes are given on an interest-only basis. For a part capital and interest and part repayment quote please contact our support team.

Are buy to let mortgages regulated?

Currently the FCA (FCA) does not regulate most buy to let mortgage transactions. The exception to this is if the applicant or a related person intends to occupy 40% or more of the investment property, in which case the mortgage is regulated by the FCA in the same way as a residential mortgage.

Do you charge any fees?

We charge an application fee which includes the valuation fee and our administration costs. This is the only fee charged to you and is payable before we instruct the valuation report. We will only instruct a valuation after a decision in principle has been obtained.

Can I obtain a quote on a capital and interest repayment basis?

Currently the website will only provide an interest-only quotation. If you would like a quote for a repayment mortgage please contact our Sales team on 029 2069 5400, Option 1.

Do you have a generic application form?

Yes. Buy-to-Let Direct has developed an online buy to let application form that captures all the information required by many of the lenders we deal with, enabling us to submit online applications to alternative lenders quickly if the initial application is declined by the lender.

A valuation has already been carried out, can this be re-instructed?

Yes, Buy-to-Let Direct is able to instruct the re-type of a valuation providing time limits allow.

Where can I find a valuation fee scale?

Application fees vary depending on the lender. The application fee for each product is displayed on the mortgage illustration.

What supporting documents will I need?

Application fees vary depending on the lender. The application fee for each product is displayed on the mortgage illustration.

Who should cheques be made payable to?

All cheques should be made payable to Buy-to-Let Direct.

How long does it take to get an offer?

The timescale between application and offer will depend greatly on how quickly you can gather the required information. Most of our lenders will provide an offer within two working days once we have sent the fully packaged application to them. If we anticipate a delay from the lender we will advise you.

Get a free quote

Our Mortgage Finder allows you to search for Buy-to-Let rates across our whole of market panel.

Contact us

Contact our team to discuss any enquiries you may have on:

Opening hours

Monday – Friday: 9am – 5pm
Saturday and Sunday: Closed

E: [email protected]
T: 029 2069 1010

This website aims to give you general information. It is not advice, nor can it take account of your own particular circumstances. Your home may be repossessed if you do not keep up repayments on your mortgage. The Financial Conduct Authority does not regulate some forms of mortgages.

Buy-to-Let Direct Limited: registered in England no. 06664758 : Regus House, Malthouse Avenue, Cardiff Gate Business Park, Mid Glamorgan, Cardiff, CF23 8RU. Buy-to-Let Direct is an Appointed Representative of The Business Mortgage Company Services Ltd, which is authorised and regulated by the Financial Conduct Authority (No. 302764) to transact regulated mortgages and registered as a Consumer buy to let arranger. The FCA does not regulate some investment mortgage contracts.