Buy To Let Mortgages – OneLandlord – For Self Managed & Independent Landlords

Buy To Let Mortgages & More

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There are many Buy To Let Mortgages choices for Landlords, but you shouldn't always be taken in by headline rates! Of course Interest rates are very important, but what matters is that you get the Buy to Let loan which suits your needs and your specific criteria. And given the changes in lending policy over the past few months, it's important that you know you qualify for the loan in the first place. OneLandlord are experienced Landlords and are well positioned to help guide you through the complexity of the Buy To Let Mortgage Market.

Buy To Let Mortgages For Buy To Let Landlords

We’ve been around Buy To Let for over 20 years so we think we have a good understanding of the business.  Recently, this sector has undergone a lot of changes and increased regulation, Bu To Let lenders are having to adapt to new regulations both in their lending criteria and new regulation in the Private Residential Sector (PRS), so keeping on top of who’s offering what is a job in itself!

Fortunately, we have a great team who are enthusiastic landlords themselves, so they like to keep abreast of what is happening out there in the world of funding. If you are looking for Buy To Let Funding of any type, whether that’s a straight forward Buy To Let Mortgage, Bridging Finance or Specialised Funding, the first thing to do is to talk with a member of our Buy To Let team to help you choose the best Buy-to-Let mortgage for you.

It goes without saying that before you borrow anything, it’s useful to gain an insight into how much a mortgage would cost should you, taking into account any introductory discount rates, fees, legal charges, stamp duty etc.

Not only can OneLandlord.com help our landlords find and manage the ideal tenant, but we can also make sure our landlords have the right mortgage.  We have helped thousands of Landlords and would-be Landlords get the best Buy To Let Mortgage for their specific circumstances, whether they are single owner or multi owner (portfolio) landlords with;


Standard Buy To Let Mortgages
Limited Company Buy To Let
HMO Funding
Multi Purpose Buy To Let
Short Term Funding
Commercial Funding

Choice of Mortgage Deals

You can choose between a wide range of mortgage deals, including fixed rate and tracker loans. Lenders arrangement fees will apply – and sometimes they can be high, typically more than £1000 but you will be informed about these and other fees before you go ahead. Many landlords prefer a fixed-rate mortgage so that they can budget with more certainty and we have a range of fixed rates available across the all areas of our Buy To Let Mortgages.

Tracker loans can be cheaper than fixed rates but you do run the risk of mortgage rates increasing with any rise in interest rates,  but you may be happy budgeting with fluctuations in the price of interest rates. Whether you decide Tracker or Fixed Rates, our experienced and enthusiastic team will find you the best mortgage product for your specific Buy To Let requirements

Interest-Only Mortgages – The Options !

Many Buy-To-Let Mortgages are Interest Only and not Repayment.  What this means is that you pay only the interest each month and clear the capital debt when the property is sold or by some other method, but not in the normal manner of reducing the capital when making the monthly mortgage payment. There are several advantages to an Interest-Only loan if you are buying a property to let. First, the monthly payments are cheaper than a repayment mortgage so you can create an income if that is what you are trying to achieve and many landlords choose that option for this reason.

Of course, the downside is the lack of capital repayments to reduce your outstanding debt. This can be especially tricky if house prices are flat or falling as it raises the possibility that you won’t generate enough to clear the mortgage from the proceeds of the sale so taking an Interest Only mortgage needs some thought and is really only good for long term Buy To Let or for someone who knows that they are likely to sell and take their profit before the end of the mortgage term.

Investment Strategy

The decision of whether an investor chooses an Interest Only or Repayment (Capital and Interest) Buy to Let Mortgage will very much depend on the individual’s investment strategy, their understanding of the market and their sector and their level of risk. The repayment route is often suited to Investors using property as an alternative pension plan or looking to build a property portfolio. With using a repayment mortgage (monthly capital and interest repayments), the investor can be sure that at the end of the mortgage term the full loan is repaid so they are sure in the knowledge that their debt is finished.

Professional Landlords

Interest Only is usually more popular with professional landlords and property investors for two main reasons; Firstly, with an Interest Only strategy, the investor’s aim is usually to continue building a sizeable portfolio of property. By choosing this strategy the investor has the cashflow to re-gear their property capital in order to increase their number of properties. This is usually a long term strategy. At the end of the mortgage term, the property is usually sold to repay the initial advance. Secondly, there are some tax advantages as some of the interest due on buy to let mortgages can be off-set against tax. We recommend that you seek professional advice from a qualified accountant regarding the tax incentives available.

What Is The Lending Criteria ?

Unlike residential mortgages which are calculated on the basis of the applicant’s salary, Buy to Let Mortgages operate differently. The mortgage lender applies a Rent to Interest Ratio (RTI) cover calculation, meaning the borrower must be able to prove they can obtain enough rental income from the tenant to cover the interest on the mortgage. RTI cover amounts vary between lenders based on their lending criteria and their interest rates. However the rental income usually has to be between 125% and 130% of the monthly mortgage repayment. A large proportion of lenders also require a minimum personal income of around £25k per annum in addition to the income made from rent.

Like any other mortgage, the borrower must put up a deposit for the property. Currently buy to let mortgages are available up to 85% loan to value (LTV) but these lending ratios are under imminent review and in many cases, the LTV is being reduced to around 70%,  However, 75% LTV is a more realistically achievable figure.

As far as age restrictions are concerned most Buy to Let Mortgage lenders impose a maximum age of 75 on maturity of the loan, however there are a small selection of specialist lenders that extend this to 85 years and we are seeing an increase in this area.

What Risks Are Involved?

Property investment can be a very effective way of generating income if the property is managed correctly and in the longer term, perhaps capital appreciation  However property investment doesn’t come without its risks. Property investors typically rely on their rental income to repay their mortgage, so if a landlord is unable to secure a tenant and the property is left unoccupied there is a chance they won’t be able to keep up with their mortgage repayments, meaning they run the risk that the property could be repossessed.

A Void period is not the only risk that needs to be considered by those looking to go into property investment; major repairs could increase overall costs and of course the housing market on its own can have a huge impact on an investors’ potential profit margin and as regulation increases, it increases costs for landlords.

Do Your Homework!

There are risks involved with Buy-To-Let Investments so you need to do your research diligently. You have to be confident that you can independently financially cope if your property is void for any period of time, or if your tenants prove to be unreliable with their rent payments and you have to go through the eviction process. You also have to make sure the sums add up, both in the short and long term and you must take into consideration that both rents and house prices could come down and not necessarily go up!

Buy To Let

There are currently in the region of 35 to 40 Buy to Let lenders in the UK with new lenders entering the market on an on-going basis. Products are competitive up to 80% loan to value with the most attractive products being available up to 65% loan to value for both remortgages and purchases.  You should consider 75% to be the average for Buy To Let lending criteria.

OneLandlord Mortgages in partnership with 3mc is happy to provide you with further information on products to assist with any of the above scenarios. For information on products not available directly to the public from lenders please complete the contact us information below and one of our Buy To Let mortgage specialists will contact you.

Limited Company BTL

A number of lenders have entered into the limited company market. All lenders accept an Special Purpose Vehicle – Limited Company set up for the sole purchase of property related transactions. Some lenders accept trading limited companies that perform other functions as well and property related. Most lenders require a Personal Guarantee to accompany the transaction.

OneLandlord Mortgages in partnership with 3mc is happy to provide you with further information on products to assist with any of the above scenarios. For information on products not available direct from the lender please complete the contact us information below and one of the OneLandlord mortgage BTL specialists will be in contact.

  • Use a Trading Limited Company or SPV (Special Purpose Vehicle) Limited Company to Purchase/Remortgage a property
  • Purchase or Remortgage a Portfolio of Properties within a Limited Company
  • Refinance a Completed Development within a Limited Companyy
  • Borrow up to 85% of the Value of the Property

HMO 's

HMO Licensing requirements differ from Local Authority to Local Authority but generally, a House of Multiple Occupancy is a property rented out by at least 3 people who are not from 1 “household” (e.g. a family) but share facilities like the bathroom and kitchen. HMO mortgages are a specialist type of Buy to Let mortgage product available where lenders will allow Houses in Multiple Occupation as acceptable lending security. OneLandlord in partnership with 3mc have whole of market access including exclusivity with some HMO mortgage providers, so talk to our expert HMO brokers who will find you the right HMO product.

Multi Units

A number of lenders have entered into the multi-unit on one title market. Each lender has a different approach from the number of self-contained units accepted within one title to how the unit is valued for lending purchases. Some lenders base on the investment value, some lenders base on the aggregate value.

OneLandlord, in partnership with 3mc is happy to provide you with further information on products to assist with any of the above scenarios. For information on products not available direct from the lender please complete the contact us information below and one of the Brilliant Landlord Mortgage specialists will be in contact.

Short Term Funding

Bridging or Short Term Funding is designed for specific projects where there is normally an exit strategy which will enable the re-financing of the Short Term Loan. The products tend to be used for speedy transactions and for security that requires an element of work before the unit is income generating. Lenders in this market will also consider lending against the current open market value even if the purchase price is lower.

OneLandlord, in partnership with 3mc is happy to provide you with further information on products to assist with any of the above scenarios. For information on products not available direct from the lender please complete the contact us information below and one of the OneLandlord BTL specialists will be in contact

Commercial Funding

A Commercial mortgage is used for the purpose of purchasing or remortgaging a commercial premises. You can also use a commercial mortgage to purchase investment properties. Commercial mortgages are provided by standard high street lenders, the new challenger banks and other financial institutions, including insurance companies, pension companies and other such institutions.  For more information about our Commercial Financing, please complete the contact us information below and one of the OneLandlord lending specialists will be in contact

Quick Enquiry

If you would like more details about our Buy To Let and Property Funding, please complete the enquiry form and we will get back to you as soon as we can.  Alternatively, do you need a quick agreement in principle? If you want to find out what you can borrow, why not make an enquiry quickly. Is there a property you want to put an offer in on fast? Has the mortgage you thought you had approved fallen through? Have you been let down by your lender or your broker?  The best way to find out what we can do for you and which mortgage is available to you is to complete our Approval in Principle form and our advisors can make an assessment of your circumstances and requirements.

Click Here to go to our Approval In Principle Form

Please note that any contract for the supply of goods/services will be made between you and the provider of the goods/services; not with E-Landlords Ltd or any of its associated companies. E-Landlords Ltd has no liability in relation to any contract entered into by you as E-Landlords Ltd only acts as in introducer. E-Landlords Mortgages is operated exclusively for E-Landlords Ltd by 3mc, which is authorised and regulated by the Financial Conduct Authority. FCA No. 302992. ANY PROPERTY USED AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Although the FCA regulate the way the majority of mortgages are sold, in most cases they do not regulate buy to let mortgages. This means you may have less protection if things go wrong with a buy-to-let mortgage. All calls are recorded for training and monitoring purposes.