Buy to let / Investors
Whether you're a first time landlord or you have a multi property portfolio and are looking to continue growing, our team us here to help - Buy to Let, Let to Buy, HMO’s, Limited Company Buy to Lets, we can assist with it all!
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INVESTING IN YOUR FUTURE
Buy to let mortgage advisers serving clients in Milton Keynes and across the UK
The Buy to Let market is assessed differently to mortgages for those moving into their own home. The property is viewed as an asset and the lenders see it as a business transaction? They’ll question if the unit is self-financing - in other words, does the rent cover the mortgage at the lender’s required stress rate ratios? They’ll still want to check your credit history and, in some cases, your income too, to ensure you have the financial capacity to cover any rental voids or remedial works that might arise.Whatever the lender's criteria is, we are here to help.
What does a buy to let mortgage adviser do?
As buy to let mortgage advisers, we can guide you through advising on which products and lenders best suit your investments. The responsibility of a buy to let adviser has grown significantly over the last five years. We not only have to be mindful of the mortgage products that may suit your needs, but also factor in the ramifications of additional income to your household and liaise with local accountants about the best way to secure your investment.
This has previously been done in people’s personal names, but with the transformation of this sector, we are finding and advising more clients to set up a company specifically for their buy to let investments. We help and advise clients on the stages required to set up their companies alongside their designated accountant and to strategise their buy to let portfolio as it grows. Did you know that at a later stage, a company can be sold with the buy to let assets inside - as opposed to selling individual units? When getting into the buy to let, HMO, or commercial buy to let market, it’s best to speak to professionals who understand the sector fully, to avoid hindering your future self.
We have access to the whole of the market and have exclusive deals not available to you directly. Working alongside estate agents in Milton Keynes, Bedford and Cambridge we have an excellent grasp of the rental incomes being achieved in these areas. Our experience in this sector sees our clients come back to us time and time again for both new purchase and remortgage discussions.
Buy to let mortgages across the United Kingdom
Geographically, buy to lets may work more efficiently in different areas of the UK, and some may require more than your standard 25% deposit. Equally, there are areas where the rental yield is strong enough that we can secure products with as little as a 20% deposit. Although based locally in Milton Keynes, we’ve helped numerous clients across the UK in this space.
As not only a mortgage broker firm but a strategic partner, we’re mindful of the additional costs that can come with property investments - including letting agent fees and management costs. We can also connect you with trusted professionals to help you understand or revisit any terms or costs that may affect your bottom line.
HOMEOWNERSHIP FOR EVERYONE.
10 ways first time buyers are getting on the property ladder
As a first-time buyer, there are a number of mortgage products designed to help make homeownership more accessible - particularly if you’re struggling to build up a large deposit.
Low deposit mortgages
Where some lenders will accept deposits as low as 5%, depending on your credit profile and income.
Higher income multiples
Available to applicants with strong rental histories, a high salary, or professional qualifications, often more accessible when you have a larger deposit
Cashback mortgages
A fixed sum back upon completion to help with initial costs - normally linked to new build homes.
Shared ownership
Where you buy a share of a property and pay rent on the remainder – with the option to purchase more shares over time.
Builder or developer incentives
Often offered on new-builds to reduce your upfront costs - there are often ways to work directly with the developer to tailor the deal and explore additional mortgage options.
Joint borrower, sole proprietor mortgages
Sometimes called “income booster” - allowing a parent or family member to support your income without being named on the property
Zero deposit (100%) mortgages
Available in specific circumstances – such as where you've been renting for a period of time and can show a consistent payment record. These are subject to stricter eligibility criteria and affordability checks.
Looking to get more information on your first mortgage?
HMO (house in multiple occupation) mortgages
HMO properties can be a smart way to boost rental yield - especially when letting rooms on an individual basis. But because they’re considered specialist investments, lenders approach them very differently to standard buy to lets. At Mortgage Light, we understand the unique structure of HMO lending. Whether you're letting the whole property on a single AST or using IR (Individual Room) contracts, we’ll help you find lenders that align with your model and experience.
Many lenders will look closely at things like your landlord history, whether the property is licensed, and how the rental income stacks up against stress-tested rates. Some will be comfortable with higher loan-to-values, or may not require proof of personal income – but finding the right one depends on how your HMO is set up.
We’ll guide you through this, translating lender criteria into clear options. From navigating Article 4 areas to understanding which lenders support multi-occupancy units, we’ll make sure your mortgage solution matches your strategy – not the other way around. So whether you’re expanding an existing portfolio or setting up your first HMO, we’ll help you access the funding you need, and the advice to use it wisely.
USEFUL LINKS
Please use these websites to ensure a buy-to-let mortgage is the right decision for you.
USEFUL LINK 1:
Letting agent in this area: Elevation, letting fees
USEFUL LINK 2:
Stamp duty costs for buy to let property
💡 Working with the leading lenders in the whole of market...
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Frequently asked questions
Got a question? It might be answered here. You can also head over to our FAQ page to read more of our frequently asked questions.
What’s the minimum deposit for a buy-to-let mortgage?
Typically, lenders require a minimum deposit of around 25% of the property’s value for a buy-to-let mortgage, though this can vary depending on the lender and your financial profile. We do have a lender that will accept a 20% deposit but the investment will need to stack up - another option we can look at is top slicing.
How is rental income assessed for mortgage affordability?
Lenders usually assess rental income based on the expected rent of the property, often requiring that the rental income covers 125% to 145% of the mortgage interest payments to ensure affordability. Limited company (SPVs) generally have a lower stress rate.
How does personal buy-to-let differ from limited company buy-to-let?
Personal buy-to-let means you hold the property in your own name, while limited company buy-to-let means the property is owned by a company. The tax treatment, mortgage options, and setup costs differ between the two. It’s very simple to set up a business for ltd company buy to lets and the lenders will still assess you.
Can I get a buy-to-let mortgage as a first-time buyer?
Yes, some lenders do offer buy-to-let mortgages to first-time buyers, but there isn’t as many options and plausibility ie. Why won’t the ftb be living in the property?
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