
Compare Buy to Let deals
- Save on your mortgage by comparing deals from leading Buy to Let lenders
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- Speak to specialist mortgage advisers about holiday lets and HMOs
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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.
Get specialist Buy to Let mortgage advice for landlords
The basics of Buy to Let mortgages
A Buy to Let mortgage is designed for those purchasing a property to rent out. Lenders will assess factors like the property’s value and potential rental income when deciding whether to lend to you. Most Buy to Let mortgages require a deposit of at least 25%, and repayments are usually calculated on an interest-only basis. Mortgage lenders will typically require the rent to be 25-30% higher than the monthly mortgage repayments.
I'm remortgaging a Buy to Let property
When remortgaging a Buy to Let property, you’ll want to look for the best deal available to reduce costs or unlock more equity. Lenders will assess factors like the property’s current value and rental income. If your property has increased in value or the rental income has risen, you may be able to refinance with a lower loan-to-value (LTV) ratio, which could lead to better rates.
I'm buying a new Buy to Let property
Lenders will focus on the property’s rental potential, including location and tenant demand. It’s important to have a clear idea of the expected rental income and costs, as well as any additional fees such as stamp duty (which can be higher for Buy to Let properties). Our specialist Buy to Let mortgage advisers can guide you through the process from start to finish.
Buy to Let mortgages for different property portfolios
Individual rental properties
If you 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%.
Holiday lets
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 the property is being regularly rented out to qualify.
HMOs
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.
Portfolio landlords
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.
View from the Experts
“It has been a tough time for landlords in a rising rate market with mortgages getting more costly. With rates looking like they are starting to reduce this can only be a positive thing for landlords investing in the Buy to Let market.
With the reduction in the price of borrowing, we are hopeful that mortgage lenders’ stress rates will drop resulting in lower rental figure requirements for mortgage offers.”
Adam Cozens, L&C Mortgage Advice Director

How much can I borrow?
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.
Types of Buy to let mortgages
Fixed rate BTL mortgage
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.
Variable rate BTL mortgages
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.
Tracker mortgages
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
Loan to value (LTV)
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.
Deposit size
A larger deposit reduces the mortgage lender’s risk. In most cases, this will help you secure a better mortgage rate.
Credit rating
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.
Income and affordability
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.
Market conditions
Wider economic factors, such as changes to the Bank of England base rate, will influence the mortgage rates available at any given time.
Lender policies
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.
Property type
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.
Guides for landlords
Buy to Let tax
When you let out a property, there are a few taxes to keep in mind. First, you’ll pay income tax on the profit you make from rent (after expenses like letting agent fees, maintenance and mortgage interest). The amount you pay depends on your overall income and tax band.
You’ll also pay capital gains tax if you sell the property for more than you paid for it. There’s an annual allowance, but anything over that is taxed at a higher rate than for other assets.
Stamp duty is another cost. Buy to Let properties have an extra 3% surcharge on top of standard rates, which applies even if it’s not your main home.
Tax rules can change, so it’s worth speaking to an accountant or tax adviser to make sure everything’s set up properly and you're claiming what you're entitled to.
Is Buy to Let a good investment
Buy to Let can be a good investment, but like any business, it depends on your goals and how well it’s managed. If you choose the right property in the right area, you can earn regular rental income and possibly see the value of the property grow over time.
However, it’s not without risk. Property prices can fall, tenants might not always pay on time, and there are ongoing costs to consider—like repairs, letting agent fees, and tax. Mortgage rates and regulations have also changed quite a bit in recent years, so it’s more important than ever to do your research.
If you’re thinking long term and prepared to put in the time to manage things properly (or pay someone to do it), it can still be a solid way to build income and wealth.
What does a specialist Buy to Let mortgage broker do?
A specialist Buy to Let mortgage broker helps landlords find the right mortgage for their rental property. They understand how Buy to Let works and know which lenders are most likely to approve your application, especially if your situation is a bit more complex.
They can also save you time by comparing deals across the market, including ones you might not be able to get directly. A good broker will explain the pros and cons of each option, check the small print, and guide you through the paperwork.

Comparing Buy to Let mortgages FAQs
What deposit do I need for a Buy to Let mortgage?
Generally, you’ll need a deposit of at least 25% for a Buy to Let mortgage, although this can vary depending on the lender and your circumstances. The more you can put down, the better the rate you’re likely to get.
How are repayments calculated on Buy to Let mortgages?
Usually, most Buy to Let mortgages are interest only, which means you only pay the interest of your mortgage each month and will pay off the loan ‘capital’ at the ed of your mortgage terms. It’s important to have a plan for paying off the remaining amount when your loan term is complete.
Do I need a Buy to Let mortgage to rent out my property?
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.
Is a Buy to Let mortgage cheaper than a standard mortgage?
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.
What additional fees are associated with being a landlord?
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.
Are there minimum and maximum loan amounts?
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.
When should I remortgage?
It’s a good idea to start looking for a new mortgage around six months before your current deal ends, to avoid moving onto your lender’s more expensive standard variable rate. Remortgaging earlier might also save you money if interest rates have dropped or your property value has increased.
Can I apply for a mortgage in my limited company name?
Yes, you can apply for a Buy to Let mortgage in a limited company name. This is becoming more common for landlords looking to take advantage of potential tax benefits, but the application process can be slightly different. Lenders may have specific criteria for limited company applications, such as the company’s financial health and the experience of the directors.
Can I make overpayments on my Buy to Let mortgage?
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.