Buy-to-let (BTL) Mortgages

Teal finance specialise in sourcing competitive BTL rates and can also provide the overall most cost effective products.

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Whole market access to 11,000 lenders
11,000
Borrow up to 85% LTV
85%
Competitive interest rates
1.19% pa

Buy-to-let (BTL) Mortgages are mortgages for properties which are let out to tenants

The NEW Buy To Let regulation in 2017 means limitations in the mortgage advance. This is based on the rental income and the lenders defining whether a landlord is small or a portfolio landlord when underwriting the mortgage. Additionally, there is also the distinction of a ‘Consumer Buy To Let mortgage’ in recent years.

Changes in tax rules now mean mortgage lenders consider your tax bracket when working out the mortgage advance available based on the rental income. It is becoming more and more popular to manage the Buy To Let property via a Limited Company. But please seek tax advice first.

Limited company mortgage rates are currently higher than Buy To Let mortgages in your own name. However, when considering the tax implications on the ‘Tapered Relief on Interest Payments’ from 2017 to 2020, you will be better off. Furthermore, higher mortgage advances are available to five year fixed mortgage products within a Limited Company. However, this is only where the lender is regulated by the Prudential Regulation Authority and the vast majority are.

Buy to Let Mortgage Calculator

Please use our buy to let loan calculator to work out what you could potentially borrow!

This will be dependent on the security offered by the property and the rental income. Interest rates on the loan will be very much dependent on your individual circumstances and lender criteria - please contact a broker to discuss further.

£
£
Indicative quotation
Total Security Value [1] £250,000.00
Monthly rental [2] £1,000.00
Loan Period [3] 24 months
Applicant type Individual
Maximum Net Loan Amount [4] £150,470.22

Send this indicative quote directly to Teal Finance and we'll continue from there, email it to yourself or whom it may concern.

Notes:
  1. Total value of the property the loan is secured against
  2. The monthly rental income from the property
  3. The duration of the loan
  4. The maximum net loan that could be borrowed based on these figures (indicative)

Please note, this is an indicative calculator. The figures displayed are subject to the lender's approval and due diligence.

HMO Mortgages

Mortgage deals for houses of multiple occupancy to achieve the maximum yield of rental properties.

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We work closely with specialist lenders, private funders, high street lenders and challenger banks and we know how to put together the best bespoke deal.

Lucy O'Mara

CeMAP - Finance Broker