BTL Mortgages
Buy-to-let mortgages fund the purchase or refinance of rental property, available to landlords in a personal name or through a limited company (SPV). Lending is assessed primarily on the rental income the property produces, tested against a minimum interest coverage ratio (ICR).
How it works
- Tell us about the property, the rental income it produces or is expected to produce, and how you want to hold it.
- We assess the ICR — the ratio of rental income to mortgage cost — against typical lender stress rates.
- We match you to lenders suited to the property type, whether standard let, HMO or portfolio.
- Completion follows once valuation and legal work are complete.
Typical terms
| Loan to value | Up to 75%–80% LTV |
|---|---|
| Term | 5–30 years |
| Property types | Standard single lets, HMOs, multi-unit freehold blocks, holiday lets, portfolios |
| Assessment basis | Rental income tested against interest coverage ratio (ICR), not just personal income |
Indicative only. Actual terms depend on the lender and your circumstances.
What it is used for
Buying a first investment property.
Expanding an existing portfolio with an additional purchase.
Remortgaging off a bridging loan once a refurbishment is complete.
Releasing equity from an existing property to fund the next purchase.
Moving a personally-held property into a limited company (SPV) structure.
Refinancing a portfolio of properties onto a single facility.
Who this typically suits
- Individual landlords buying or refinancing a single rental property.
- Landlords building a portfolio, where limited company (SPV) ownership is now the more common structure for new purchases.
- Investors holding HMOs, multi-unit blocks or holiday lets, which are assessed differently to a standard single let.
When it is not the right fit
If the property is currently uninhabitable or unmortgageable, a BTL lender will decline it as it stands — Bridging Finance can fund the purchase and refurbishment first.
Bridging FinanceIf the property is a commercial unit rather than residential lettings, Commercial Mortgages is the correct route.
Commercial Mortgages
What to have ready
None of this is required to start a conversation — it simply helps us understand the requirement faster once you get in touch.
- Property details and expected or current rental income
- How you intend to hold the property — personal name or limited company
- Details of any existing portfolio and its mortgage balances
- Deposit or equity available
Frequently asked questions
Related products
Tell us what you're trying to fund.
No need to select a finance product before getting in touch. Start with a short enquiry and a member of the team will be in touch.