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View today's best Buy to Let deals and find out if L&C could help save you time and money by switching to a better rate.
Looks like you want to borrow £225,000 over 20 years. With a 5 year fixed rate repayment mortgage.
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Our Buy to Let best buys
When compiling our Buy to Let best buy tables we compare the best Buy to Let mortgage rates from across the UK market, including deals that are exclusive to us. It's important to remember that the best Buy to Let mortgage deals are not necessarily about getting the lowest mortgage rate possible, you also need to take into account all the fees and charges associated in setting up your new mortgage deal.
By choosing L&C to find your next Buy to Let mortgage deal our advisers will research the market for you, looking at criteria, set up fees and the rate to help you compare the best Buy to Let mortgage deal for your circumstances, saving you time and effort. Our best buy tables above show you the Buy to Let mortgage deals currently available, both fixed rates and variable rates, whether you are looking to purchase or remortgage to a better deal.
What is a Buy to Let mortgage?
A Buy to Let mortgage is a mortgage used for buying a property which will be let out for rental income.
Why use an L&C mortgage adviser for your Buy to Let mortgage?
Whether you’re a first time landlord or looking to widen your property investment portfolio, your L&C mortgage adviser can help you find the best Buy to Let mortgage. They’ll compare the best rates from different lenders across the market to find you a mortgage that suits your needs.
Once they’ve found your perfect deal, they’ll guide you through every aspect of the mortgage process, from application to conveyancing, and won’t charge you a penny for our advice.
Get specialist Buy to Let mortgage advice for landlords
Not sure how much you could borrow for a Buy to Let mortgage, or how much your monthly mortgage repayments are going to be? Our quick and easy-to-use mortgage calculator is here to help.
Read what first time landlord Sudhir Managolikar says about his experience with L&C
I always dreamed of becoming a property investor, but buying through my Limited Company felt complicated and overwhelming. That changed when I turned to L&C. They made everything simple — from lender selection to paperwork — and guided me through every step with confidence and clarity. No stress, no confusion, just great support. And now, here it is — my first Buy-to-Let investment property. This feels like the beginning of something exciting — a step towards financial growth, long-term planning, and a goal finally becoming reality. Grateful, proud, and motivated for what’s next. And yes — I’ll definitely be coming back to L&C for my next one!
Buy to Let mortgages for different property portfolios
If you just own a single Buy to Let property, you can usually access standard Buy to Let mortgages. The mortgage lender will focus on the rental income of the property and your ability to repay. The deposit requirements vary, but they usually start from 25%.
Lenders treat holiday let properties as a business investment. They’ll look at the expected rental income from short-term stays, and the deposit requirements can be higher. You may also need to prove that theproperty is being regularly rented out to qualify.
For HMOs (House of Multiple Occupation), where multiple tenants rent individual rooms, the mortgage will be treated differently. Lenders may require larger deposits and stricter checks due to the increased complexity of managing these properties. The potential for higher rental income can make HMOs appealing to lenders, but they can also be more challenging to finance.
If you own multiple Buy to Let properties, you’re considered a portfolio landlord. Mortgage lenders will assess your entire portfolio and the rental income it generates, not just individual properties. This means they may require more detailed paperwork and specific criteria for portfolio borrowers. The larger your portfolio, the likelier you are to face higher deposit requirements and stricter lending criteria.
Types of Buy to let mortgages
A fixed rate Buy to Let mortgage means your interest rate stays the same for a set amount of time. These are usually two to five years. This can make it easier to plan your finances, as your monthly payments won’t change during that period. It's a popular choice if you’d like stability while renting out your property.
A variable rate Buy to Let mortgage means your interest rate can go up or down over time. This could make your monthly payments cheaper or more expensive, depending on changes to the lender’s rate or the Bank of England base rate. It can work well if rates stay low, but it does come with more risk.
A tracker Buy to Let mortgage follows the Bank of England base rate, with a fixed percentage added on top. This means your monthly payments can go up or down, depending on how the base rate changes. It can work well when rates are low, but there’s always a chance they might rise.
The 7 factors that affect your mortgage rate
This refers to the size of your mortgage compared to the value of the property. Generally, the lower the loan to value, the more competitive the interest rate.
A larger deposit reduces the mortgage lender’s risk. In most cases, this will help you secure a better mortgage rate.
Lenders assess your credit history to understand how reliable you are when it comes to repaying debt. A strong credit score can make it easier to access lower mortgage rates.
Most mortgage lenders will use your personal income and any outstanding financial commitments to assess whether the mortgage is affordable. Clear, steady income and manageable debts will usually strengthen your application.
Wider economic factors, such as changes to the Bank of England base rate, will influence the mortgage rates available at any given time.
Each mortgage lender has their own approach to risk and lending criteria. This can affect both the type of deals available and the mortgage interest rates on offer. L&C’s advisors will help you to understand how each lender’s policies will affect you.
Some types of property, such as flats above commercial premises or listed buildings, can be considered higher risk. This may lead to higher rates or fewer mortgage options.
Comparing Buy to Let mortgages FAQs
Yes, if you plan to rent out a property, you need a Buy to Let mortgage or a remortgage. A standard residential mortgage doesn’t allow for renting out the property. Using a Buy to Let mortgage ensures you're following the correct terms and conditions.
That said, you can apply for something known as ‘Consent to Let.’ This is a formal agreement with your mortgage lender that gives you permission to let your home on a temporary basis whilst still keeping your residential mortgage. There are certain criteria you’ll have to meet in order to be eligible. Speak to an L&C mortgage advisor if you feel a Consent to Let agreement could work for you.
No, Buy to Let mortgage rates are usually higher than standard residential mortgage rates. This is because lending on an investment property is considered a higher risk than lending to owner-occupiers.
As a landlord, you may face several fees, including property management fees, maintenance costs, insurance, and letting agent fees. You’ll also need to account for property taxes, including income tax on rental profits, and possibly capital gains tax when selling.
Yes, most lenders have a minimum and maximum loan amount for Buy to Let mortgages. The minimum loan is often around £25,000, while the maximum can vary significantly depending on the lender. Some lenders may limit how much you can borrow based on the rental income the property is expected to generate.
Most Buy to Let mortgages allow you to make overpayments, which can help reduce the overall interest you pay and pay off your mortgage faster. However, it’s important to check the terms of your specific mortgage, as some lenders have limits on how much you can overpay each year without facing early repayment charges. Generally, you can make small overpayments without penalty, but larger lump sums might be subject to fees. Always check with your lender before making a big payment or speak to your L&C mortgage adviser for expert advice.
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