Buy To Let Mortgages

At IMA Mortgages and Protection, our knowledgeable advisers excel in handling buy to let mortgages across Hertfordshire, Buckinghamshire, and London. Typically, buy to let mortgage approvals depend on rental income, but most lenders will also expect you to meet a minimum income threshold.

What we can offer you:

A buy to let mortgage is a loan for purchasing or refinancing residential property which is let to tenants rather than lived in by the borrower. Whether you have a vast property portfolio or just one property you let, we can advise you on the mortgage suitable products for your circumstances.

When applying for a buy to let mortgage it’s important that you understand the following:

  • Interest rates on a buy to let mortgage tend to be higher than for a residential mortgage

  • You will typically need a larger deposit; usually 25% of the property's value

  • You will be offered a mortgage based on the rental income, however some lenders will take your personal income into account when assessing affordability

  • Usually a lender will lend more money if you opt for a 5 year fixed rate 

We are experts in the following:

  • First time landlords

  • HMOs

  • Limited Company buy to lets

  • Non-portfolio landlords

  • Student lets

  • Portfolio landlords – people which own more than 3 mortgaged buy to let properties

What are the minimum Energy Efficiency Standard for private rental property?

Current energy efficiency standards mandate that all residential Buy To Let properties must have an Energy Performance Certificate (EPC) rated 'E' or higher. This legislation, enacted in 2018, is applicable to assured tenancy, regulated tenancy, and domestic agricultural tenancy agreements.

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