Whether you’re buying your first investment property or adding to an existing portfolio, we’ll help you find the right mortgage and guide you through the process.
Step One
Whether you’re buying your first rental property, adding to a portfolio or remortgaging an existing buy to let, we’ll start by getting to know you and what you’re looking to achieve.
We’ll talk through your circumstances, the property and expected rental income, and answer any questions you have about how buy to let mortgages work.
Step Two
Whether you’re buying your first rental property, adding to a portfolio or remortgaging an existing buy to let, we’ll start by getting to know you and what you’re looking to achieve.
We’ll talk through your circumstances, the property and expected rental income, and answer any questions you have about how buy to let mortgages work.
Step Three
Happy with our recommendation? We’ll take care of the mortgage application and deal with the lender on your behalf.
We’ll keep you updated as things progress and be there to answer questions right through to your mortgage offer and completion.
A buy to let mortgage works a little differently to the mortgage on your own home. While lenders will still want to understand your circumstances, they’ll usually look closely at how much rent the property is expected to generate when deciding how much they’re prepared to lend.
Different lenders have different rules around things like the deposit you’ll need, your expected rental income, whether you’re a first-time landlord and how many properties you already own.
That’s where we come in. We’ll take the time to understand what you’re looking to achieve, work out which lenders are likely to suit your circumstances and explain the options available to you in plain English.
Whether you’re buying your first rental property, growing an existing portfolio or remortgaging a property you already own, we’ll help you find the right mortgage for your plans.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Most Buy-to-Let mortgages are not regulated by the Financial Conduct Authority.
Most buy to let mortgages require a bigger deposit than a standard residential mortgage. Typically, you’ll need at least 20–25% of the property’s value, although this varies between lenders and some may require more.
Generally, the larger your deposit, the wider the choice of mortgage deals available to you.
Buy to let affordability works differently to a mortgage on your own home. Rather than looking solely at your personal income, lenders will usually want the expected rental income from the property to comfortably cover the mortgage payments.
Each lender calculates this differently, so we can look at the property, expected rent and your circumstances to work out how much you’re likely to be able to borrow.
Not necessarily. Some lenders will consider you for a buy to let mortgage even if you don’t currently own your own home, although you’ll have fewer options than an existing homeowner or landlord and it may not be possible depending on your circumstances.
If you’re a first-time buyer looking to purchase a rental property, speak to us and we can explain which lenders may consider you.
Yes. You don’t need previous experience as a landlord to get a buy to let mortgage.
Some lenders have restrictions for first-time landlords, but there are plenty of options available. We’ll look at your circumstances and help you find a lender that’s comfortable with your level of experience.
Many landlords choose interest-only mortgages because the monthly payments are lower, which can help with monthly cash flow. However, you won’t be reducing the amount you’ve borrowed, so you’ll need a plan to repay the mortgage at the end of the term.
With a repayment mortgage, you’ll gradually pay off both the interest and the amount you’ve borrowed each month.
Neither is automatically better – we’ll talk through your plans and help you understand which option is more suitable for you.
Yes. Many lenders offer buy to let mortgages to limited companies, although the rates, fees and lending criteria can differ from buying in your personal name.
There can also be tax implications to consider. We can advise you on the mortgage options, but we’d recommend speaking to a suitably qualified tax adviser or accountant before deciding how to purchase the property.
Yes. Just like a residential mortgage, you can remortgage a buy to let property when your current deal is coming to an end.
You might simply want a new mortgage deal, or you may want to release some of the equity you’ve built up in the property. We’ll look at your existing mortgage and compare it with the options available to see what makes sense for you.
No. A standard buy to let mortgage is designed for a property that’s being rented to tenants rather than used as your own home.
If your circumstances change and you want to move into a property you currently rent out, speak to us before doing so. You may need to change your mortgage.
Stamp Duty can be a significant cost when buying a property. Enter a few details below to get an estimate of how much you could need to pay.
Knowing your likely Stamp Duty bill can help you budget for the overall cost of buying your property. Our calculator gives you a quick estimate based on the information you’ve entered.
This calculator provides an estimate only and shouldn’t be treated as tax advice. The amount you pay will depend on your individual circumstances.
“So happy with Kye’s professional approach and guidance from start to finish! He makes you feel at ease with the process. Can’t thank my friend enough for recommending him!”
“Exceptional fee-free service. It has been a hassle-free and stress-free transaction. Dan was very helpful and patient in explaining and walking us through every step of our mortgage application.”
“Communication was brilliant from the start. Dan was friendly, professional and knowledgeable. He tracked the interest rate on my new mortgage deal and secured a lower rate before I was locked in, saving me considerable money.”
“The communication has been brilliant, every step and option available to us has been explained and Kye has been readily available for discussions and questions, which has made the whole process go very smoothly.”
“With my partner being self-employed, I was scared this would be a barrier to us getting a mortgage—no such thing as barriers with Kye and Crescent Mortgages! They made the whole process so simple.”
“Dan was thorough and explained everything in a way that was easy for us to understand as first-time buyers, without being patronising. His communication and manner were excellent, and he guided us through a slightly tricky requirement.”
Our focus is on great customer service and clear, honest advice for mortgages, remortgaging, first-time buyers and life insurance, so you can feel confident and stress-free.
Guides
When you are buying a home, you are likely to hear people talking about valuations, mortgage surveys, home surveys and structural surveys. These terms…
Guides
Running your own limited company can give you greater control over how you earn and manage your income. However, when you apply for a…
Guides
If you’re self-employed, you may have heard that getting a mortgage is more difficult. Although lenders assess your income differently from that of an…
Latest News
One of the biggest decisions when choosing a mortgage is whether to fix your interest rate or select a rate that can change.
Guides
Starting a new job is an exciting step, but if you’re also planning to buy a home or remortgage, you may be wondering whether…
We’re here to talk you through any questions on the mortgage process, whether you’re thinking of remortgaging, ready to get a new deal, recently self-employed or a first-time buyer.
Email: info@crescentmortgages.co.uk
Phone: 01225 690 120
Monday – Friday: 9.00am – 5:30pm
Saturday: Closed
Sunday/Bank Holidays: Closed
