buy to let mortgages

Buy to let lenders

Information on this page is for information purposes only. It is not intended as investment advice

Buy to let Mortgage lenders

The largest buy to let lenders are probably not mortgage lenders that most people will be familiar with.

These buy to let lenders design their products around the needs of the landlord. They are frequently the best choice because their interest rates are competitive and they are accommodating in their lending criteria.

The best buy to let schemes and lowest buy to let interest rates are often the preserve of this group of specialist lenders.

Sometimes the best buy to let deals are only available through mortgage brokers such as Mortgages Direct. Please complete the Your Enquiry form for an initial assessment

We have listed below some of the larger buy to let lenders:

Birmingham Midshires

Part of the Lloyds-Halifax-Bank of Scotland group of companies. One of the more efficient lenders. Birmingham Midshires will lend up to 75% of value. This lender has restricted all new borrowers to a maximum of 5 buy to let properties within the Lloyds-Halifax-Bank of Scotland group of companies.

Birmingham Midshires do not have a minimum income requirement

Birmingham Midshires will calculate the available loan by reference to the rent received and the applicants tax status – whether they are a higher or lower rate tax payer. The type of deal chosen will also affect the maximum loan. This lender will lend more against a 5 year fix than they will lend on a 2 year deal

Birmingham Midshires offer a range of exclusive mortgages that are only available through mortgage brokers – please contact us for details of their current mortgages

The Mortgage Works

Part of the Nationwide – Portman Group.
The Mortgage Works will lend up to 80% of value.

They will lend against HMO’s – houses in multiple occupation. they will also lend to Limited companies – Companies set up for the sole purpose of managing a portfolio of property
The Mortgage Works do not have a minimum income requirement.

The amount you can borrow will depend on a number of factors including  the rental income, your tax bracket, the type of product required and whether the mortgage will be held under a limited company

An agreement in principle is available – please fill in the Enquiry form with your situation

Accord Mortgages

Accord Mortgages is a dedicated Intermediary only subsidiary of Yorkshire Building Society, the UK’s 2nd largest mutual Building Society

Accord frequently appear in best buy recommendations and are rapidly gaining market share

Santander Bank

Santander Bank is one of the largest banks in the UK. It was created when Abbey National, Alliance and Leicester and Bradford and Bingley were taken over by Banco Santander

Santander offers residential and buy to let mortgages and frequently appear in the best buy tables

Precise Mortgages

Precise Mortgages are a  specialist lender catering for Buy to let and residential mortgages. They will consider Limited Company Buy to lets and lending against HMO property

Platform Mortgages

Platform Home Loans is a specialist lender that is part of the Co-Operative Bank.
They will lend up to 75% of value against buy to let properties.

Platform Home Loans require that the rental income should exceed 125% of the interest only mortgage payments calculated using their standard variable rate or any 3 year charge rate.
Platform Home Loans offer a range of exclusive mortgages that are only available through mortgage brokers – please contact us for details of current products

Aldermore Mortgages

Aldermore was the result of a merger in May 2009 between Ruffler Bank Plc and Base Commercial Mortgages Ltd.

In March 2018, Aldermore officially became part of FirstRand Group, one of South Africa’s largest financial services institutions

Amongst their products, Aldermore offer residential, buy to let and commercial mortgages