About buy-to-let Mortgages. A dramatic change to the buy-to-let market has initiated mainstream lenders to tighten their lending criteria over the years. As a result, it has become increasingly difficult for investors to secure additional borrowing, simply because ‘the computer says no’.

In this quick guide, we explore all things about buy-to-let mortgages. What are they and why might your client need one?

What is a buy-to-let mortgage?

Specifically for those who are purchasing a property as an investment, buy-to-let mortgages are interest only, meaning the monthly repayments will only pay off the interest not the capital. To avoid confusion, this mortgage type is NOT for someone who wishes to purchase a property to occupy themselves.

Not only does a buy-to-let mortgage allow people to purchase a property and benefit from monthly income, it also works as an long term investment. From student let properties to inherited properties and everything in between, at Crystal Specialist Finance we cater to the most complex of cases.

Now, let’s dive into the specialist scenarios in which your client might need a buy-to-let mortgage whether they are a first time or portfolio landlord.

• Student lets/House in Multiple Occupation (HMOs)

• Mixed portfolios – e.g. adding in semi commercial or commercial properties to a residential portfolio

• Ex-local authority properties – e.g. ex-council/housing association properties

• Flats above shops

• Transfers from a personal to limited company – Incorporation to better manage tax implications

• Department for Work & Pensions (DWP) lets – e.g. properties that let to tenants in receipt of benefits

• Inherited properties – Renting a property currently lived in e.g. consumer buy-to-let

• Live/Work units

• Expats

• Properties owned for less than 6 months – Recently purchased properties up for sale

If your landlord clients are having difficulty securing finance for their next purchase, we’re here to help. Working with our extensive lender panel, our expert team find solutions for almost any scenario.

Our lines are at the ready. Catch a quote today! Call us on 01827 337710 or enquire through our CrystalHUB. 

Find out more about buy-to-let mortgages. 

Trust in Crystal, we’re the clear choice.