Buy To Let Mortgages

A buy to let mortgage is a loan for a residential property that you will rent out to tenants. Whether you're just starting or expanding your property portfolio, PropertyPal Mortgages can help you find and secure the best buy to let mortgage deal.

Why Choose PropertyPal Mortgages?

  • Online and face-to-face appointments

  • Open late evenings
    and weekends

  • Specific Northern Ireland mortgages

  • No fees

  • Free impartial advice

  • We keep you in the loop

Do You NEED A Buy To Let Mortgage If You Want To Rent Out Your Property?

Yes. Whether you're buying an entirely new property to rent or moving house and wanting to rent out your old home, you will need a buy to let mortgage.

Main differences between a residential mortgage and buy to let mortgage

Interest rates.

These are higher than for standard residential mortgages.


Again, lenders will often require a higher deposit than for a residential mortgage. Although there are some 80% LTV buy to let mortgages, you will usually need a 20% deposit.

Lending criteria.

As mentioned, it will be based mainly on the profit you can generate through renting out the property, rather than your own income. Lenders will apply a rent to interest (RTI) cover calculation and require that rental income is 120%-130% of the mortgage repayment.

The repayments.

Most buy to let mortgages are interest only; so you don't make monthly repayments but rather at the end of the mortgage term, the capital is paid in full.

Compare Buy To Let Mortgages

Lender Initial Rate Upfront Fees Overall Cost Monthly Repayments

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Ooh, looks like you are in negative equity. Get in touch to see what we can do.
Based on your criteria, no mortgage products are currently available. However, please contact us to discuss further options that may exist.
Unfortunately there are no Mortgage products to suit at the moment with this criteria. This could be due to the lack of Interest Only mortgages products available if the property is going to be your main home.
The minimum deposit for a Buy To Let mortgage is 20%. You will need to increase the deposit to see what products are available.
Your Deposit is the same as the property value. It seems you do not require a mortgage.
Your Deposit is greater than the property value. It seems you do not require a mortgage.
Based on your criteria, the Loan-to-Value % for this property is less than 1%. It seems you do not require a mortgage.

Can I get a buy to let mortgage?

In most cases, lenders will have certain criteria for granting buy to let mortgages. These can include:


It is usually easier to get a buy to let mortgage if you already have paid or are paying a residential mortgage.

Credit score.

Lenders will prefer to lend to applicants with a good credit score.


Some lenders will not lend to anyone earning less than £20,000 - £25,000 per year.

Your age.

Some lenders may have upper age limits of around 70 or 75.

Find Out More

Enter your details below and we'll give you a call within 24 hours to get the ball rolling on finding the perfect mortgage deal. The first step will be a 15 minute call with one of our Mortgage Advisers and then, when you are ready, a face to face meeting with one of our Mortgage Consultants.

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