Buy to Let Mortgages


to Lynton Mortgages,

where our approachable specialists are dedicated to finding your perfect lender. Our mission is to save you time and stress in navigating the mortgage market with honest advice. Schedule a fee-free chat to secure a tailored mortgage option. While some Buy to Let mortgages aren’t regulated by the FCA, we ensure informed decisions. Contact us today to start your mortgage journey with confidence.

Can you remortgage on a Buy to Let? Why would you do this?

Just like with standard residential mortgages, Buy to Let mortgages also come with fixed terms. When you initially secured your mortgage, you chose a term for your product – whether it’s two, three, five, or even ten years.

Once that term ends, if you don’t take action, you’ll be transferred to the standard variable rate, which could significantly increase your monthly payments. That’s why it’s essential to consider remortgaging when your Buy to Let deal comes to an end.

Remortgaging not only helps you avoid soaring payments but also presents an opportunity, especially if you’re looking to expand your property portfolio. If property values have risen and your rental income remains strong, you may have built up equity. Some lenders may allow you to release additional funds for home improvements or to further grow your portfolio by purchasing additional properties.

At Lynton Mortgage Advisers, we’re committed to providing honest and practical guidance to our clients. Our focus is on helping you make informed decisions that align with your financial goals and aspirations.

Ready to explore your remortgaging options? Let’s connect. We’re here to support you in securing the best deal without any hidden fees or flashy sales tactics.

How do I remortgage a Buy to Let? What’s the process?

In my experience, the best approach is to start considering your options about six months before your current mortgage expires. Waiting until the last minute could leave you in a rush, potentially forcing you onto a variable rate and increasing your payments.

Starting early gives you the opportunity to explore various lenders and find the best deal for your circumstances. If you’re aiming to maximize the equity release from your property, it’s crucial to begin the process in a timely manner.

I always advise my clients to reach out to me or their broker six months before their mortgage term ends. This allows ample time to gather necessary documents such as bank statements, proof of income, and tax calculations. It’s essential to demonstrate to the lender that you declare rental income to HMRC by providing tax year overviews.

Once you have a mortgage offer in hand, a surveyor will assess the property to ensure that the rental income aligns with your application and that the property’s value is accurately stated.

Upon approval, the new mortgage typically commences on the day your current mortgage expires. If you’ve requested additional funds, they will be processed through your solicitor.

At Lynton Mortgage Advisers, our priority is ensuring a smooth and hassle-free experience for our clients. We’re here to guide you through every step of the process, ensuring you secure the best deal without any hidden fees or flashy sales tactics.

Speak to an expert

Lynton Mortgage Advisers offers down-to-earth experts dedicated to assisting you in home purchases or remortgages. We prioritize protecting your property and lifestyle while saving you time. Our focus is on securing a competitive deal tailored to your needs. With an honest and transparent approach, we prioritize your interests. Explore your options with us today for personalized guidance, free of hidden fees or flashy sales tactics. Reach out to achieve your homeownership goals confidently.

Can I be refused a Buy to Let remortgage?

Just like with standard residential mortgages, meeting the lender’s criteria is crucial when applying for a Buy to Let mortgage. If you don’t meet their requirements, you risk being declined.

One of the most significant reasons for rejection is poor credit history. If you’ve missed payments on your mortgage or other commitments, it can adversely affect your credit score. However, there are lenders who specialize in mortgages for individuals with less-than-perfect credit. While you may face higher interest rates, it’s essential to consider the impact on your monthly profits.

Another common cause of rejection is failure to declare rental income. Without proof from your tax calculations and year overviews, some lenders may reject your application outright.

Additionally, most lenders have income requirements that must be met for your application to be successful. Some Buy to Let lenders set higher minimum income thresholds, typically ranging from £25,000 to £30,000. If your income falls below these thresholds, certain lenders may decline your application.

At Lynton Mortgage Advisers, our focus is on providing honest and transparent guidance to our clients. We understand the importance of finding the right mortgage solution tailored to your individual circumstances. With our expertise and personalized approach, we’re here to help you navigate the mortgage process with confidence and secure the best deal possible.

How long does it take to remortgage a Buy to Let?

When you partner with a reliable broker like Lynton Mortgage Advisers, you can expect a smooth and efficient mortgage application process. Typically, it takes around two to three weeks from submitting the application to receiving the mortgage offer, depending on the speed of the valuation process.

On the legal side, a remortgage usually takes about six to eight weeks to complete. However, it’s wise to start exploring your options well in advance. By initiating the process five to six months before your remortgage is due, you can avoid any last-minute stress about potential increases in your payments.

At Lynton Mortgage Advisers, our focus is on providing our clients with honest and transparent guidance every step of the way. We understand the importance of securing the right mortgage deal without any unnecessary delays or hidden fees.

What costs are involved with remortgaging your Buy to Let property? Do you have to pay stamp duty?

When refinancing a property, you’ll be relieved to know that stamp duty isn’t a concern since it’s only applicable during the initial purchase. Since you already own the property and are simply refinancing, you won’t incur any stamp duty charges.

However, it’s essential to budget for other associated costs, which can vary depending on the lender. You may encounter a valuation fee and potential product fees, especially with Buy to Let mortgages and particularly if you’re operating through a limited company. These fees can be paid upfront or added to the mortgage, but it’s crucial to consider the long-term implications, as interest may accrue, potentially increasing the overall cost.

Additionally, there’s typically a mortgage broker fee, payable once the mortgage has been finalized and ready for implementation. It’s important to ensure you have the necessary funds to cover the monthly payments at this stage.

At Lynton Mortgage Advisers, we prioritize transparency and honesty in all our dealings. Our focus is on ensuring our clients understand the costs involved and guiding them toward the most suitable mortgage options without any hidden fees.

What are the benefits of remortgaging a Buy to Let property?

For individuals aspiring to build a property portfolio, the ability to leverage equity in existing properties through remortgaging can be invaluable. Instead of waiting years to save for another deposit, tapping into equity allows you to access funds to purchase additional properties, thereby accelerating portfolio growth.

This approach offers several advantages. Firstly, it boosts your cash flow on a month-to-month basis, providing a significant financial benefit. Additionally, by remortgaging, you can avoid the risk of substantial increases in monthly payments at the end of your current mortgage deal. This flexibility empowers you to reassess your mortgage options and explore new deals that may better suit your evolving needs.

At Lynton Mortgage Advisers, we understand the importance of strategic financial planning for property investment. Our client-focused approach ensures that you receive honest and transparent guidance, tailored to your specific goals and circumstances. With our assistance, you can navigate the complexities of property investment with confidence, securing the best possible deals without any hidden fees.

How can a mortgage broker help if somebody is looking to remortgage their Buy to Let?

At Lynton Mortgage Advisers, we believe in providing our clients with honest and impartial advice tailored to their individual needs. When it comes to securing a Buy to Let mortgage, many individuals automatically return to their existing lender for a new deal. However, it’s essential to recognize that the best option five years ago may not necessarily be the most suitable choice now.

As your dedicated mortgage adviser, we offer access to a wide range of lenders beyond your current provider. This means we can present you with a plethora of options, ensuring that you receive the most competitive deals available in the market. By leveraging our extensive network and expertise, we can help you achieve your property investment goals with ease and confidence.

It’s crucial to consider your financial circumstances carefully before proceeding with any mortgage agreement. Remember, your home may be at risk if you fail to keep up with your mortgage repayments. Additionally, be aware that early repayment charges may apply if you choose to remortgage with your existing lender.

At Lynton Mortgage Advisers, we prioritize transparency and client satisfaction above all else. Rest assured, we’re here to guide you through every step of the process, ensuring you make informed decisions that align with your long-term financial objectives.


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