Create Property Wealth
Navigating the Buy to Let Journey with Mellow
The Buy to Let market, particularly over the last 25 years, has led to a property ownership revolution. Anyone and everyone wants a BTL portfolio. Where do you start? Who? What? Where? How? What are the risks and rewards? What to look out for? So many questions need to be considered and addressed before you embark on this journey. Quite often specialist tax advice is needed especially where circumstances are complex. Those who entered the market long ago have seen their portfolios grow in stature and profitability.
At Mellow Financial, we believe that securing your mortgage shouldn’t be a headache. Our experienced advisers simplify the paperwork and jargon, guiding you through every step until completion and beyond.
Whether you’re in Bristol or anywhere in the UK, we tailor our support to match your unique needs, ensuring you get the best deal without leaving your home.
We offer a wide range of mortgage options for buy to let...
The mortgage market is ever evolving where new rates, schemes and criteria changes are a daily occurrence in this fast-paced field. Our job is to keep pace with the changes and provide you with accurate and relevant advice based on your circumstances and what’s right for you. We pride ourselves in quickly identifying solutions to your needs and providing a personal service.
- Mortgages up to 85% LTV
- Generous max loan calculations
- Use markets rent than actual rent for better loan outcome
- Specialist lenders for higher rate tax payers
- Up to 4 applicants
- No maximum age
Buy to Let FAQs
What is a Buy to Let mortgage?
A Buy to Let mortgage is specifically designed for individuals who want to purchase a property to rent out to tenants, either as a long-term investment or for additional income. Unlike standard residential mortgages, these products consider the potential rental income of the property when assessing affordability. They are popular among landlords looking to build or expand their property portfolios.
How much deposit is typically required for a Buy to Let mortgage?
Most lenders require a minimum deposit of 25% of the property’s value, though some lenders may accept less if you meet certain criteria. However, larger deposits (e.g., 30-40%) can help secure better interest rates. Mellow Financial can help you identify lenders offering the best options based on your financial situation.
Can I get a Buy to Let mortgage if I’m a first-time buyer?
Yes, but it can be more challenging. Many lenders prefer applicants who already own a residential property. However, specialist lenders offer Buy to Let products for first-time buyers, often requiring strong financial stability and higher deposits. We can guide you through these options and find a lender suited to your circumstances.
How is affordability calculated for a Buy to Let mortgage?
Lenders typically calculate affordability based on the rental income of the property rather than your personal income. Most lenders require the rental income to cover 125-145% of the mortgage payments, accounting for potential tax liabilities and other costs. Some lenders may also assess your personal income, especially if the rental income is lower than required.
Are Buy to Let mortgage rates higher than standard residential mortgages?
ARRANGE A CALLYes, Buy to Let mortgage rates are generally higher because they are considered riskier for lenders. However, the right deal can still be cost-effective, particularly if the rental income comfortably covers the mortgage payments. Mellow Financial can help you compare competitive rates and find the right lender for your investment needs.
Meet The Advisers
Mellow Financial Ltd is registered with the Data Protection Act 1998 registration No. ZB649453 and is authorised and regulated by the Financial Conduct Authority under Firm Reference Number 1011568 an Appointed Representative of TMG Direct Limited which is authorised and regulated by the Financial Conduct Authority under Firm Reference Number: 786245 and registered with the Data Protection Act 1998 Registration No: ZA178200.
Think carefully before securing debts against your home. Your home may be re possessed if you do not keep up repayments on a mortgage or any other debt secured on it. The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.