Buy-to-let mortgages have become very popular, there are those who find themselves as 'accidental landlords', but more and more people in the UK now own second homes as investments.

Buy-to-let mortgages differ from standard mortgages in that the amount banks or building societies will lend is assessed upon the expected rental income of the property rather than personal income. However, following the arrival of MMR in April 2014, personal income has become more relevant when the lender looks at the overall picture. It is usual for not more than 85% of the purchase price to be available on a buy-to-let mortgage, meaning that you will need a minimum of a 15% deposit.

Lenders may also impose other restrictions or conditions on applications for a buy-to-let mortgage such as UK residence, being 21 or over as well as being an existing homeowner.  It is also expected that the property will need only minimal improvements before being rent worthy.

For further information please see our dedicated section on buy-to-let.

Select from the list below to find out more about the different types of mortgages or call us for a no obligation chat on 0344 346 3672.

John Charcol is not authorised to offer investment advice.  We recommend you seek professional advice with regard to these topics if you believe they may affect you.


YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT. John Charcol is a trading name of John Charcol Limited and its Appointed Representatives. John Charcol Limited is authorised and regulated by the Financial Conduct Authority. The Financial Services Register number is 665649. Registered in England No. 9157892. Registered office address for John Charcol Limited is 5th Floor, Cutlers Exchange, 123 Houndsditch, London, EC3A 7BU. The FCA does not regulate some investment mortgage contracts. Calls may be recorded for training and monitoring.